Convert Jersey Pound to Mongolian Tugrik
Please provide values below to convert Jersey Pound [JEP] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Jersey Pound.
How to Convert Jersey Pound to Mongolian Tugrik
1 JEP = 0.000208551143400025 MNT
Example: convert 15 JEP to MNT:
15 JEP = 15 × 0.000208551143400025 MNT = 0.00312826715100038 MNT
Jersey Pound to Mongolian Tugrik Conversion Table
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Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.
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.