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About Mongolian Tugrik (MNT)
The Mongolian Tugrik (MNT), introduced in 1925, is more than just the official currency of Mongolia; it represents the country's rich cultural heritage and its journey through economic transitions. It is commonly abbreviated as MNT and represented by the symbol ₮. As Mongolia navigated its path from a Soviet-style economy to a market-oriented system, the Tugrik has played a pivotal role in the nation's socio-economic development.
Historical Background
The introduction of the Tugrik was a significant step in Mongolia's early years as an independent nation, symbolizing its move away from the Chinese and Russian currencies that had previously circulated. The Tugrik's establishment was part of Mongolia's broader efforts to assert its national sovereignty and economic independence.
Design and Symbolism
The design of the Mongolian Tugrik reflects the country's deep historical roots and nomadic culture. Banknotes and coins feature images of historic Mongolian leaders like Genghis Khan and Damdin Sükhbaatar, along with traditional symbols and motifs that celebrate Mongolia's rich history and cultural identity. These designs are not merely for financial transactions; they are imbued with national pride.
Economic Role
The Tugrik plays a crucial role in Mongolia’s economy, characterized by its mining sector, agriculture, and growing service industry. As the primary medium of exchange, it facilitates domestic trade and is vital for everyday economic activities, from urban centers to rural nomadic communities.
Monetary Policy and Inflation
Managed by the Bank of Mongolia, the Tugrik has faced challenges like inflation and currency devaluation, particularly during times of economic uncertainty. The bank's monetary policies aim to stabilize the Tugrik, which is crucial for maintaining economic confidence and fostering investment.
International Trade and the Mongolian Tugrik
The Tugrik’s exchange rate plays a significant role in international trade, particularly for Mongolia's key exports like copper, coal, and cashmere. A stable Tugrik is important for maintaining competitive export prices and fostering a favorable trade balance.
Remittances and the Economy
Remittances from Mongolians working abroad, primarily in South Korea and Japan, are a vital source of foreign income. These remittances, converted into Tugriks, support many families and contribute to the national economy.
AURY to SAR conversion rate trend
AURY to SAR market statistics
More info about Aurory on Bitget
Current AURY to SAR exchange rate
Aurory to Mongolian Tugrik is rising this week.AURY to SAR Conversion tables
The exchange rate of Aurory is decreasing.AURY to SAR
SAR to AURY
AURY to SAR Today vs. 24 hours ago
Amount | 00:09 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 AURY | ر.س0.1878 | ر.س0.1855 | +1.23% |
1 AURY | ر.س0.3756 | ر.س0.3711 | +1.23% |
5 AURY | ر.س1.88 | ر.س1.86 | +1.23% |
10 AURY | ر.س3.76 | ر.س3.71 | +1.23% |
50 AURY | ر.س18.78 | ر.س18.55 | +1.23% |
100 AURY | ر.س37.56 | ر.س37.11 | +1.23% |
500 AURY | ر.س187.82 | ر.س185.53 | +1.23% |
1000 AURY | ر.س375.63 | ر.س371.07 | +1.23% |
AURY to SAR Today vs. 1 month ago
Amount | 00:09 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 AURY | ر.س0.1878 | ر.س0.2159 | -13.02% |
1 AURY | ر.س0.3756 | ر.س0.4318 | -13.02% |
5 AURY | ر.س1.88 | ر.س2.16 | -13.02% |
10 AURY | ر.س3.76 | ر.س4.32 | -13.02% |
50 AURY | ر.س18.78 | ر.س21.59 | -13.02% |
100 AURY | ر.س37.56 | ر.س43.18 | -13.02% |
500 AURY | ر.س187.82 | ر.س215.92 | -13.02% |
1000 AURY | ر.س375.63 | ر.س431.84 | -13.02% |
AURY to SAR Today vs. 1 year ago
Amount | 00:09 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 AURY | ر.س0.1878 | ر.س1.23 | -84.70% |
1 AURY | ر.س0.3756 | ر.س2.45 | -84.70% |
5 AURY | ر.س1.88 | ر.س12.27 | -84.70% |
10 AURY | ر.س3.76 | ر.س24.55 | -84.70% |
50 AURY | ر.س18.78 | ر.س122.75 | -84.70% |
100 AURY | ر.س37.56 | ر.س245.49 | -84.70% |
500 AURY | ر.س187.82 | ر.س1,227.45 | -84.70% |
1000 AURY | ر.س375.63 | ر.س2,454.91 | -84.70% |
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