Redefining business expense management with the Instarem Business Card
In today’s fast-moving business landscape, managing expenses with precision and efficiency is no…
The Mongolian Tughrik (MNT) is the currency of Mongolia, introduced in 1925 to replace the Mongolian dollar. The currency is managed by the Bank of Mongolia, and its value is highly dependent on the country's mining sector, particularly exports of coal and copper. The tughrik has experienced depreciation over time, leading to reliance on foreign currencies for major transactions. Despite this, it remains the primary medium of exchange in Mongolia, with banknotes being the dominant form of currency.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
If you cannot find the location you would like to send to, it means we currently do not support transfers to that destination, but we are working on it! Do come back and check again as we are continuously updating our services.
If you cannot find your desired currency pair, it means that transfers to that specified currency are not supported by our services, but we are working on it! Do come back and check again as we are continuously updating our services.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.