Convert Falkland Islands Pound to Mongolian Tugrik
Please provide values below to convert Falkland Islands Pound [FKP] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Falkland Islands Pound.
How to Convert Falkland Islands Pound to Mongolian Tugrik
1 FKP = 0.000208551143400025 MNT
Example: convert 15 FKP to MNT:
15 FKP = 15 × 0.000208551143400025 MNT = 0.00312826715100038 MNT
Falkland Islands Pound to Mongolian Tugrik Conversion Table
| Falkland Islands Pound | Mongolian Tugrik |
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Falkland Islands Pound
The Falkland Islands Pound (FKP) is the official currency of the Falkland Islands, pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1899, the Falkland Islands Pound has been used as the local currency, maintaining a fixed exchange rate with the British Pound, and has evolved alongside economic developments in the islands.
Current Use
The Falkland Islands Pound is actively used for all local transactions, issued by the Falkland Islands Monetary Authority, and is accepted alongside the British Pound within the islands.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.