Convert Kazakhstani Tenge to Mongolian Tugrik
Please provide values below to convert Kazakhstani Tenge [KZT] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Kazakhstani Tenge.
How to Convert Kazakhstani Tenge to Mongolian Tugrik
1 KZT = 0.150633535722504 MNT
Example: convert 15 KZT to MNT:
15 KZT = 15 × 0.150633535722504 MNT = 2.25950303583755 MNT
Kazakhstani Tenge to Mongolian Tugrik Conversion Table
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Kazakhstani Tenge
The Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 following Kazakhstan's independence from the Soviet Union, the Tenge replaced the Soviet ruble and has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Tenge is actively used in Kazakhstan for everyday transactions, banking, and trade, and is managed by the National Bank of Kazakhstan. It features modern security features and is available in both cash and digital forms.
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.