| Local Name: | |
| Image 1: | 20000 Togrog.jpg |
| Image Title 1: | 20,000 tögrög |
| Image 2: | 100 Tögrög front.jpg |
| Image Title 2: | 100 tögrög |
| Iso Code: | MNT |
| Inflation Rate: | 7.9% |
| Inflation Source Date: | Bank of Mongolia homepage, December 2023. |
| Subunit Name 1: | möngö (мөнгө/) |
| No Plural: | Y |
| Symbol: | ₮ |
| Used Coins: | ₮20, ₮50, ₮100, ₮200, ₮500 |
| Frequently Used Banknotes: | ₮10, ₮20, ₮50, ₮100, ₮500, ₮1,000, ₮5,000, ₮10,000, ₮20,000 |
| Rarely Used Banknotes: | ₮1, ₮5 |
| Issuing Authority: | Bank of Mongolia |
The tögrög or tugrik (Mongolian Cyrillic: Mongolian: төгрөг, Mongolian script:, transcription: Mongolian: tögürig; sign: ₮; code: MNT) is the official currency of Mongolia. It was historically subdivided into 100 Mongolian: möngö (Mongolian: мөнгө /). Currently, the lowest denomination in regular use is the 10-tögrög note, and the highest is the 20,000-tögrög note. In Unicode, the currency sign is .
In 2010, the tögrög rose 15% against the US dollar, due to the growth of the mining industry in Mongolia.[1] However, its exchange rate eroded by 24% from early 2013 to June 2014 due to falling foreign investment and mining revenue.[2]
The word tögrög (төгрөг) refers to "circle", or a "circular object" (i.e., a coin). Today, it is rarely used outside of referring to the currency, with the exception of the phrase tögrög sar (төгрөг сар), meaning 'full moon'.
The tögrög was introduced on December 9, 1925,[3] at a value equal to one Soviet ruble, where one ruble or tögrög was equal to 18g of silver. It replaced the Mongolian dollar and other currencies and became the sole legal currency on April 1, 1928.
Möngö coins are no longer in circulation as currency, owing to their negligible value. Today, they are sold online and to tourists as collectibles.
During socialism, the tögrög coin denominations were 1, 2, 5, 10, 15, 20, 50 möngö, and 1 tögrög. After the Mongolian People's Republic came to an end in 1992 and inflation surged, möngö coins were abandoned and larger tögrög values introduced.
| Current Coins http://www.mongolbank.mn/eng/listbanknote.aspx?did=2 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Image | Value | Technical parameters | Description | Date of first minting | |||||||
| Obverse | Reverse | Diameter | Thickness | Mass | Composition | Edge | Obverse | Reverse | |||
| https://web.archive.org/web/20060923175055/http://www.mongolbank.mn/images/Currcoin/coin20b.gif | 20 tögrög | 17.5 mm | 1.5 mm | 0.78 g | Aluminium | Plain | Value | Soyombo | 1994 | ||
| https://web.archive.org/web/20060923174810/http://www.mongolbank.mn/images/Currcoin/coin50b.gif | 50 tögrög | 23 mm | 1.8 mm | 1.68 g | |||||||
| https://web.archive.org/web/20060923174706/http://www.mongolbank.mn/images/Currcoin/coin100b.gif | 100 tögrög | 22 mm | 1.5 mm | 3.84 g | Cupronickel | Value, Janraisig Temple | |||||
| https://web.archive.org/web/20060923174646/http://www.mongolbank.mn/images/Currcoin/coin200b.gif | 200 tögrög | 25 mm | 1.7 mm | 6.2 g | Value, the Government House | ||||||
| https://web.archive.org/web/20060923175046/http://www.mongolbank.mn/images/Currcoin/coin500b.gif | 500 tögrög | 22 mm | 1.7 mm | 4.1 g | Smooth | Value, Soyombo | Damdin Sükhbaatar | 2001 | |||
Like coins, the tögrög banknotes were very similar to the Soviet ruble during the Mongolian People's Republic era. The similarities included color theme, overall design, and the lineup of the denominations, which were 1, 3, 5, 10, 25, 50, 100 tögrög unless stated otherwise. The color for each value is
Formerly, all banknotes were printed in the Soviet Union. Modern tögrög banknotes are generally printed in the United Kingdom.
| 1993 Series https://web.archive.org/web/20070228181532/http://www.mongolbank.mn/web/guest/banknotes/notes | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Image1 | Value | Dimensions | Main Color | Description | Date of printing2 | Usage | ||||
| Obverse | Reverse | Obverse | Reverse | Watermark | ||||||
| 10 möngö | 45 × 90 mm | Pink | Soyombo, Archery | Archery | - | 1993 | Very rare in circulation. Abundant among collectors. | |||
| 20 möngö | 45 × 90 mm | Yellow-brown | Soyombo, Wrestling | Wrestling | ||||||
| 50 möngö | 45 × 90 mm | Green-cyan | Soyombo, Horse riding | Horse riding | ||||||
| 1 tögrög (neg) | 115 × 57 mm | Yellow-brown | Lion | Soyombo, Paiza | Genghis Khan | 1993, 2008, 2014 | ||||
| 5 tögrög (tavan) | 120 × 60 mm | Orange | Sükhbaatar, Soyombo, Paiza | Mountainous landscape and horses eating grass | Rarely used anywhere but in banks | |||||
| 10 tögrög (arvan) | 125 × 61 mm | Green | 1993, 2002, 2005, 2007, 2009, 2011, 2013, 2014, 20173, 2018, 2020 | The smallest commonly used note | ||||||
| 20 tögrög (horin) | 130 × 64 mm | Reddish purple | ||||||||
| 50 tögrög (tavin) | 135 × 66 mm | Brown | 1993, 2000, 2008, 2013, 2014, 2016,3 2019, 2020 | |||||||
| 100 tögrög (zuun) | 140 × 68 mm | Violet | ||||||||
| 500 tögrög (tavan zuun) | 145 × 70 mm | Green | Genghis Khan, Soyombo, Paiza | Mongolian yurts in motion | 1993, 1997, 2003, 2007, 2011, 2013 20003, 20034, 2013, 2016, 2020 | |||||
| 1000 tögrög (myangan) | 150 × 72 mm | Blue | 1993, 1997, 2003, 2007, 2011, 2013, 2017, 2020 20034 | |||||||
| 5000 tögrög (tavan myangan) | 150 × 72 mm | Pink-purple | "Drinking Fountain" at Genghis Khan's court | 1994, 2003, 2013, 20184 | ||||||
| 10,000 tögrög (arvan myangan) | 150 × 72 mm | goldish yellow | 1995, 2002, 2009, 20144, 2021 | |||||||
| 20,000 tögrög (horin myangan) | 151 × 72 mm | Lime and purple | Nine White Banner | 2006, 2009, 2013,4 2019 | ||||||
