Convert Angolan Kwanza to Mongolian Tugrik
Please provide values below to convert Angolan Kwanza [AOA] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Angolan Kwanza.
How to Convert Angolan Kwanza to Mongolian Tugrik
1 AOA = 0.259033929577944 MNT
Example: convert 15 AOA to MNT:
15 AOA = 15 × 0.259033929577944 MNT = 3.88550894366916 MNT
Angolan Kwanza to Mongolian Tugrik Conversion Table
| Angolan Kwanza | Mongolian Tugrik |
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Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.
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.