Convert Mongolian Tugrik to Jersey Pound
Please provide values below to convert Mongolian Tugrik [MNT] to Jersey Pound [JEP], or Convert Jersey Pound to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Jersey Pound
1 MNT = 4794.98689720384 JEP
Example: convert 15 MNT to JEP:
15 MNT = 15 × 4794.98689720384 JEP = 71924.8034580575 JEP
Mongolian Tugrik to Jersey Pound 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.
Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.