Convert Mongolian Tugrik to Armenian Dram
Please provide values below to convert Mongolian Tugrik [MNT] to Armenian Dram [AMD], or Convert Armenian Dram to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Armenian Dram
1 MNT = 9.24280971636727 AMD
Example: convert 15 MNT to AMD:
15 MNT = 15 × 9.24280971636727 AMD = 138.642145745509 AMD
Mongolian Tugrik to Armenian Dram Conversion Table
| Mongolian Tugrik | Armenian Dram |
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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.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.