What Is the Currency of Mongolia? – Everything About the Mongolian Tögrög (MNT)

💰 Official Currency of Mongolia

The official currency of Mongolia is the Mongolian Tögrög (MNT).
Its international currency code is MNT.

The Mongolian Tögrög is the legal tender used for shopping, public payments, commercial transactions, and all financial activities throughout Mongolia.

🏛️ A Brief History of the Mongolian Tögrög

The Mongolian Tögrög was introduced in 1925 and represents an important milestone in Mongolia’s transition to a modern monetary system.

The issuance and regulation of the currency are managed by the Bank of Mongolia, the country’s central bank.
While the Tögrög was previously linked to the Soviet ruble during the Soviet era, it is now traded under a floating exchange rate system.

💹 Mongolian Tögrög Abbreviation and Symbol

Abbreviation: MNT
Symbol: ₮
Subunit: 1 Tögrög = 100 möngö (möngö is no longer actively used)

The Mongolian Tögrög operates under a free-floating exchange rate regime, with its value determined by market conditions.

💱 Mongolian Banknotes and Coins

Today, the Mongolian Tögrög is primarily used in the form of banknotes:

📌 Banknotes:
10, 20, 50, 100, 500, 1,000, 5,000, 10,000, and 20,000 MNT

📌 Coins:
20, 50, 100, 200, and 500 MNT (limited circulation)

Banknote designs feature important historical figures and traditional cultural motifs from Mongolian history.

💸 Can You Send Money from Turkey to Mongolia?

Yes.

With PayPorter, sending money from Turkey to Mongolia is fast, secure, and cost-effective.

Thanks to PayPorter’s international transfer infrastructure, funds sent to bank accounts in Mongolia usually reach the recipient within a short time.

🔹 PayPorter Advantages

• Low transfer fees

• Fast transfer process

• Secure and licensed infrastructure

• Money transfers to over 185 countries

📍 You can visit the relevant page to send money from Turkey to Mongolia.

🌍 Can the Mongolian Tögrög Be Used in Turkey?

No.
The Mongolian Tögrög is only valid within Mongolia.

The number of banks and exchange offices in Turkey that buy or sell MNT is very limited.
However, PayPorter allows secure money transfers from Mongolia to Turkey.

💡 Interesting Facts About the Mongolian Tögrög

• The Tögrög symbol ₮ is derived from the Mongolian alphabet.

• Mongolia is one of the countries where cash usage remains common.

• Card and digital payments may be limited in rural areas.

• Banknotes feature historical leaders and traditional Mongolian figures.

❓ Frequently Asked Questions About the Mongolian Currency (FAQ)

What is the official currency of Mongolia?

The official currency of Mongolia is the Mongolian Tögrög (MNT).

Is foreign currency accepted in Mongolia?

Officially, no. However, US dollars may be accepted on a limited basis in some tourist areas.

Can I exchange Mongolian Tögrög in Turkey?

Generally, no. MNT is not a widely traded currency in Turkey.

Can I send money from Turkey to Mongolia?

Yes. You can make fast and secure money transfers to Mongolia with PayPorter.

How long does it take for money sent to Mongolia to arrive?

In most cases, transfers reach the recipient within a short time.

Is credit card usage common in Mongolia?

It is common in major cities, but cash is preferred in rural areas.

Can I withdraw cash from ATMs in Mongolia?

Yes. Most international cards are accepted, though fees may vary depending on the bank.

Last Uptade: February 2026

This content is provided for general informational purposes only and does not aim to cover all aspects of the topics discussed. The information herein should not be considered a substitute for advice from a qualified professional. Nothing in this publication should be interpreted as legal, tax, or professional advice provided by PayPorter or its affiliates. While we strive to keep our content accurate and up to date, we make no representations or warranties regarding the completeness, accuracy, or timeliness of the information provided.