Convert United Arab Emirates Dirham to Mongolian Tugrik
Please provide values below to convert United Arab Emirates Dirham [AED] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to United Arab Emirates Dirham.
How to Convert United Arab Emirates Dirham to Mongolian Tugrik
1 AED = 0.00103458607880129 MNT
Example: convert 15 AED to MNT:
15 AED = 15 × 0.00103458607880129 MNT = 0.0155187911820193 MNT
United Arab Emirates Dirham to Mongolian Tugrik Conversion Table
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United Arab Emirates Dirham
The United Arab Emirates Dirham (AED) is the official currency of the United Arab Emirates, used for all monetary transactions within the country.
History/Origin
The AED was introduced in 1973, replacing the Qatar and Dubai riyal at par, to unify the various currencies used in the emirates and establish a national monetary system.
Current Use
The AED is widely used across the UAE for everyday transactions, banking, and international trade, and is recognized as a stable and reliable currency in the region.
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.