Convert Georgian Lari to Mongolian Tugrik
Please provide values below to convert Georgian Lari [GEL] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Georgian Lari.
How to Convert Georgian Lari to Mongolian Tugrik
1 GEL = 0.000763269577101214 MNT
Example: convert 15 GEL to MNT:
15 GEL = 15 × 0.000763269577101214 MNT = 0.0114490436565182 MNT
Georgian Lari to Mongolian Tugrik Conversion Table
| Georgian Lari | Mongolian Tugrik |
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Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.
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.