Convert Iranian Rial to Mongolian Tugrik
Please provide values below to convert Iranian Rial [IRR] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Iranian Rial.
How to Convert Iranian Rial to Mongolian Tugrik
1 IRR = 11.9551904077855 MNT
Example: convert 15 IRR to MNT:
15 IRR = 15 × 11.9551904077855 MNT = 179.327856116783 MNT
Iranian Rial to Mongolian Tugrik Conversion Table
| Iranian Rial | Mongolian Tugrik |
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Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.
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.