Convert Icelandic Króna to Mongolian Tugrik
Please provide values below to convert Icelandic Króna [ISK] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Icelandic Króna.
How to Convert Icelandic Króna to Mongolian Tugrik
1 ISK = 0.0342875489530355 MNT
Example: convert 15 ISK to MNT:
15 ISK = 15 × 0.0342875489530355 MNT = 0.514313234295533 MNT
Icelandic Króna to Mongolian Tugrik Conversion Table
| Icelandic Króna | Mongolian Tugrik |
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Icelandic Króna
The Icelandic Króna (ISK) is the official currency of Iceland, used as the country's primary medium of exchange.
History/Origin
The Króna was introduced in 1981, replacing the Icelandic Krona at par, and has undergone various redenominations and reforms since its inception.
Current Use
The ISK is actively used in Iceland for all financial transactions, including cash, banking, and electronic payments, and is managed by the Central Bank of Iceland.
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.