Convert Qatari Rial to Mongolian Tugrik
Please provide values below to convert Qatari Rial [QAR] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Qatari Rial.
How to Convert Qatari Rial to Mongolian Tugrik
1 QAR = 0.00102543044978535 MNT
Example: convert 15 QAR to MNT:
15 QAR = 15 × 0.00102543044978535 MNT = 0.0153814567467802 MNT
Qatari Rial to Mongolian Tugrik Conversion Table
| Qatari Rial | Mongolian Tugrik |
|---|
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.