Convert Mongolian Tugrik to Djiboutian Franc
Please provide values below to convert Mongolian Tugrik [MNT] to Djiboutian Franc [DJF], or Convert Djiboutian Franc to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Djiboutian Franc
1 MNT = 19.9736035696401 DJF
Example: convert 15 MNT to DJF:
15 MNT = 15 × 19.9736035696401 DJF = 299.604053544601 DJF
Mongolian Tugrik to Djiboutian Franc Conversion Table
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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.
Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure stability.