What is the currency of Mongolia?

The currency of Mongolia is the Mongolian tögrög.

The tögrög was introduced on December 9, 1925, as Mongolia established a national currency. It replaced the Mongolian dollar and other circulating currencies, including the Chinese yuan. The currency became Mongolia’s sole legal tender in 1928 and is now issued by the Bank of Mongolia.

Its international code is MNT and its symbol is ₮. The word tögrög refers to a circle or circular object, a reference associated with coins. The currency was historically divided into 100 möngö, but möngö denominations are no longer useful in daily commerce because of inflation and are mainly encountered as collectibles.

English-language sources may spell the name tugrug or tugrik, while Mongolian transliteration commonly uses tögrög. Those forms refer to the same currency. Mongolian banknotes feature national imagery and are issued in denominations such as 100, 500, 1,000, 5,000, 10,000, and 20,000 tögrög.