Convert British Pound Sterling to Mongolian Tugrik
Please provide values below to convert British Pound Sterling [GBP] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to British Pound Sterling.
How to Convert British Pound Sterling to Mongolian Tugrik
1 GBP = 0.000208522972233822 MNT
Example: convert 15 GBP to MNT:
15 GBP = 15 × 0.000208522972233822 MNT = 0.00312784458350734 MNT
British Pound Sterling to Mongolian Tugrik Conversion Table
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British Pound Sterling
The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories, used as a standard unit of monetary value.
History/Origin
The Pound Sterling is one of the oldest currencies still in use, dating back to the 8th century. It was originally a silver coin and has evolved through various forms, including the gold standard and fiat currency, becoming the UK's primary currency in the 19th century.
Current Use
Today, the GBP is widely used in the UK and its territories, serving as the main currency for everyday transactions, banking, and international trade. It is also a major reserve currency globally.
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.