Convert Mongolian Tugrik to Turkish Lira
Please provide values below to convert Mongolian Tugrik [MNT] to Turkish Lira [TRY], or Convert Turkish Lira to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Turkish Lira
1 MNT = 87.776146308051 TRY
Example: convert 15 MNT to TRY:
15 MNT = 15 × 87.776146308051 TRY = 1316.64219462077 TRY
Mongolian Tugrik to Turkish Lira Conversion Table
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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.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.