Currency tugrik - whose currency

To denote a foreign currency thatfreely not converted, the word "Tugrik" is used. Whose currency is called tugrik, not everyone knows. In most cases, this word is associated with the vast concept of "money" and is used in conversational style.

In this article, we will consider what monetary units replaced tugrik. Whose currency is this? When was it put into circulation?

Tugriks is the currency of what country?

Tugrik is the monetary unit of Mongolia. She came on the market relatively recently. Its name came from the words "coin", "round". One tugrik consists of one hundred mungu, although the latter are currently out of circulation and are not used. The Mongolian currency is designated as the letter "T", crossed by two thin parallel lines at an angle of approximately 40 degrees to the vertical.

At one time Mongolian dollars replaced tugrik (whose currency is considered above). The code of tugriks is ISO 4217. The official abbreviation is MNT.

History of Mongolia's Monetary Currency

When the Mongolian empire was formed,Genghis Khan brought silver and gold coins into circulation. In 1227 the first Mongolian paper money appeared. Already in 1236 the new monetary reform assumed the withdrawal of different coins in size, value and form. Later they were remelted into coins of equal size and weight.

The Mongolian authorities in 1253 created a monetaryThe agency that established the monetary circulation in the ways that are applied so far. But, unfortunately, cultural and economic achievements were forgotten for long centuries of oppression by the Chinese Qing dynasty. Only in 1921 independent Mongolia after the victory in the revolution was able to begin to establish a monetary system.

The appearance of tugreek

When the people's government came to power,Measures have been taken to stabilize the economic and political system. First of all, one of the measures was the creation of a financial system. In the 1920s, Mongolia underwent a monetary reform. They founded the National Bank, and then replaced the Chinese liang with their national currency.

In circulation, coins were issued in denominations of 1, 2,5, 10, 15, 20, 50 mungues and 1 tugrik. At the same time, along with the banknotes in circulation, there were coins of silver of 18 grams and 900 samples. All the Mongolian banknotes of that time were produced in the USSR. Paper banknotes were printed in Moscow on Gosznak, and on the famous Mint in Leningrad coins were minted. Tugrik replaced the banknotes that were formerly in circulation: Chinese yuan, Russian rubles and various monetary surrogates, for example, silk handkerchiefs, fur and tea.

The modern Mongolian currency

Having dealt with what is tugriks, whose currencythis and how it appeared, it is necessary to get acquainted with modern Mongolian banknotes. To date, in monetary circulation of Mongolia there are coins of the following denomination: 20 tugriks, 50, 100, 200, and 500 tugriks. The range of denominations is wider: 1, 5, 10, 50, 100, 500, 1000, 5000, 10000 and 20,000 tugriks.

On banknotes, the denomination of which is 100 or lesstugriks, is depicted Sukhe-Bator, who was the leader of the people's revolution. On the other currency signs you can see Genghis Khan, the founder of the Mongolian Empire. Portraits of historical personalities on banknotes are located on the left in the frame of an oval form. Under the frame is a national pattern. On the right is depicted shoembo - this is the symbol of the people of Mongolia, next to it is a pase - a symbol of power.

As for the coins, on the obverse of all tugriks is represented the soyembo, and the year of release is indicated from below. On the reverse, depending on the face value, the temple of Magzhid Zhanraisig, Sukhbaatar and the government building are depicted.

Like all modern banknotes, protection fromcounterfeits (watermarks, security thread, microtext and hidden images) has also Tugrik. Whose currency is so diverse in the color scheme yet? It is practiced by many countries, but the Mongolian currency is allocated. 10 and 500 tugriks have a green reverse, 20 - red, 50 - brown, 100 and 20 000 - purple, 1000 - blue, 5000 - pink, denomination of 10,000 - orange.

Today, unofficially, US dollars are widely spread in Mongolia. As for the Russian rubles, they are sometimes accepted in the markets and in some stores.