Convert Ethiopian Birr to Mongolian Tugrik
Please provide values below to convert Ethiopian Birr [ETB] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Ethiopian Birr.
How to Convert Ethiopian Birr to Mongolian Tugrik
1 ETB = 0.0384922927069809 MNT
Example: convert 15 ETB to MNT:
15 ETB = 15 × 0.0384922927069809 MNT = 0.577384390604713 MNT
Ethiopian Birr to Mongolian Tugrik Conversion Table
| Ethiopian Birr | Mongolian Tugrik |
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Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.
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.