Time Period: 1911-1925
Timeline
- 20.04.1921
- Issuance of a 6% government bond (called "Baga Bolzoot") by the Bogd Khaan government in denominations of 100, 50, 25, 10 "Mongolian Dollars" of 0.7 Chinese Taels fine silver, redeemable by 20.11.1921
- 24.11.1921
- Mongolian-Russian treaty on a loan of 1 million Russian Rubles (or 0.5 million Chinese Taels fine silver) for the creation of a Mongolian currency in the amount of 3.5 million "Mongolian Dollars"
- late 1921
- Production of paper money of 25, 10, 5, 3, 1, ½ "Mongolian Dollars" of 0.7 Chinese Taels fine silver; brought to Mongolia from Russia in late 1924, but not issued
- 01.07.1924
- Issuance of Mongolian stamps denominated in Dollar = 100 Cents
Time Period: 1925-
Currency: Mongolian Tugrik (Tögrög)
- Transition
- 0.88 : 1 Chinese Dollar
- Sub-units
- Tögrög / 100 Möngö
- ISO4217
- MNT
Timeline
- 02.06.1924
- Resolution of the Council of Peolpe's Commissars of the USSR on the creation of the Mongolian Bank for Trade and Industry under joint Russian-Mongolian ownership; effective immediately
- 25.02.1925
- Government resolution on the creation of a national currency; effective 01.12.1925
- 09.12.1925
- Start of currency exchange:
- 09.12.1925: Start of issuance of the new banknotes and coins
- 31.12.1926: Demonetization of the circulating currencies at a rate of 1 "Mongolian Dollar" = 1 Mongolian Tögrög, 1 Chinese Dollar (silver) = 0.88 Mongolian Tögrög.
- ??.04.1954
- Government resolution on the transformation of the Trade and Industry Bank into the State Bank after the Soviet shares had been transferred to the Mongol state; effective immediately
Valuation Regimes
- 1925-1947
- Fixed rate against Soviet Ruble (1924)
- 1947-1960
- Fixed rate against Soviet Ruble (1947)
- 1961-1991
- Fixed rate against Soviet Ruble (1961), additional non-commercial and commercial rates
- 1991-1993
- Fixed rate against US Dollar
- 1993-
- Variable rate
Rate Arrangements
- 01.12.1925
- Fixed
- Soviet Ruble (1924) at 1 : 1
- -
- 16.12.1947
- Fixed
- Soviet Ruble (1947) at 1 : 1
- ±0.0%
- 01.01.1961
- Fixed
- Soviet Ruble (1961) at 1 : 4.44
- ±0.0%
- 01.07.1991
- Fixed
- US Dollar at 1 : 40 - Official Rate
- -91.7%
- 01.01.1993
- Fixed
- US Dollar at 1 : 150 - Official Rate
- -73.3%
- 27.05.1993
- Variable
- initially: US Dollar at 1 : 395
- -62.0%
End-year Forex Rates (Units per US Dollar)
- Year
- Code
- Ratio
- Rate
- Delta
- Comment
- 1946
- MNT
- 1
- 5.30
- ±0.0%
- fixed against SUG
- 1947
- MNT
- 1
- 5.30
- ±0.0%
- fixed against SUB
- 1948
- MNT
- 1
- 5.30
- ±0.0%
- fixed against SUB
- 1949
- MNT
- 1
- 5.30
- ±0.0%
- fixed against SUB
- 1950
- MNT
- 1
- 4.00
- +32.5%
- fixed against SUB
- 1951
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUB
- 1952
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUB
- 1953
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUB
- 1954
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUB
- 1955
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUB
- 1956
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUB
- 1957
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUB
- 1958
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUB
- 1959
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUB
- 1960
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUB
- 1961
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUR
- 1962
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUR
- 1963
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUR
- 1964
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUR
- 1965
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUR
- 1966
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUR
- 1967
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUR
- 1968
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUR
- 1969
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUR
- 1970
- MNT
- 1
- 4.00
- ±0.0%
- fixed against SUR
- 1971
- MNT
- 1
- 3.68
- +8.6%
- fixed against SUR
- 1972
- MNT
- 1
- 3.68
- ±0.0%
- fixed against SUR
- 1973
- MNT
- 1
- 3.32
- +11.1%
- fixed against SUR
- 1974
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1975
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1976
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1977
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1978
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1979
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1980
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1981
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1982
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1983
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1984
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1985
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1986
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1987
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1988
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1989
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1990
- MNT
- 1
- 3.32
- ±0.0%
- fixed against SUR
- 1991
- MNT
- 1
- 40.00
- -91.7%
- fixed against USD
- 1992
- MNT
- 1
- 40.00
- ±0.0%
- fixed against USD
- 1993
- MNT
- 1
- 396.51
- -89.9%
- 1994
- MNT
- 1
- 414.09
- -4.2%
- 1995
- MNT
- 1
- 473.62
- -12.6%
- 1996
- MNT
- 1
- 693.51
- -31.7%
- 1997
- MNT
- 1
- 813.16
- -14.7%
- 1998
- MNT
- 1
- 902.00
- -9.8%
- 1999
- MNT
- 1
- 1'072.37
- -15.9%
- 2000
- MNT
- 1
- 1'097.00
- -2.2%
- 2001
- MNT
- 1
- 1'102.00
- -0.5%
- 2002
- MNT
- 1
- 1'125.00
- -2.0%
- 2003
- MNT
- 1
- 1'168.00
- -3.7%
- 2004
- MNT
- 1
- 1'209.00
- -3.4%
- 2005
- MNT
- 1
- 1'221.00
- -1.0%
- 2006
- MNT
- 1
- 1'165.00
- +4.8%
- 2007
- MNT
- 1
- 1'169.97
- -0.4%
- 2008
- MNT
- 1
- 1'267.51
- -7.7%
- 2009
- MNT
- 1
- 1'442.84
- -12.2%
- 2010
- MNT
- 1
- 1'257.18
- +14.8%
- 2011
- MNT
- 1
- 1'396.37
- -10.0%
- 2012
- MNT
- 1
- 1'392.10
- +0.3%
- 2013
- MNT
- 1
- 1'659.34
- -16.1%
- 2014
- MNT
- 1
- 1'888.44
- -12.1%
- 2015
- MNT
- 1
- 1'995.51
- -5.4%
- 2016
- MNT
- 1
- 2'489.53
- -19.8%
- 2017
- MNT
- 1
- 2'427.13
- +2.6%
- 2018
- MNT
- 1
- 2'643.69
- -8.2%
- 2019
- MNT
- 1
- 2'734.33
- -3.3%
- 2020
- MNT
- 1
- 2'849.89
- -4.1%
- 2021
- MNT
- 1
- 2'849.34
- +0.0%
- 2022
- MNT
- 1
- 3'444.60
- -17.3%
- 2023
- MNT
- 1
- 3'410.69
- +1.0%