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base info Wonderful Memories

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WMEMO
WMEMO
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MNT
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About Mongolian Tugrik (MNT)

The Mongolian Tugrik (MNT), introduced in 1925, is more than just the official currency of Mongolia; it represents the country's rich cultural heritage and its journey through economic transitions. It is commonly abbreviated as MNT and represented by the symbol ₮. As Mongolia navigated its path from a Soviet-style economy to a market-oriented system, the Tugrik has played a pivotal role in the nation's socio-economic development.

Historical Background

The introduction of the Tugrik was a significant step in Mongolia's early years as an independent nation, symbolizing its move away from the Chinese and Russian currencies that had previously circulated. The Tugrik's establishment was part of Mongolia's broader efforts to assert its national sovereignty and economic independence.

Design and Symbolism

The design of the Mongolian Tugrik reflects the country's deep historical roots and nomadic culture. Banknotes and coins feature images of historic Mongolian leaders like Genghis Khan and Damdin Sükhbaatar, along with traditional symbols and motifs that celebrate Mongolia's rich history and cultural identity. These designs are not merely for financial transactions; they are imbued with national pride.

Economic Role

The Tugrik plays a crucial role in Mongolia’s economy, characterized by its mining sector, agriculture, and growing service industry. As the primary medium of exchange, it facilitates domestic trade and is vital for everyday economic activities, from urban centers to rural nomadic communities.

Monetary Policy and Inflation

Managed by the Bank of Mongolia, the Tugrik has faced challenges like inflation and currency devaluation, particularly during times of economic uncertainty. The bank's monetary policies aim to stabilize the Tugrik, which is crucial for maintaining economic confidence and fostering investment.

International Trade and the Mongolian Tugrik

The Tugrik’s exchange rate plays a significant role in international trade, particularly for Mongolia's key exports like copper, coal, and cashmere. A stable Tugrik is important for maintaining competitive export prices and fostering a favorable trade balance.

Remittances and the Economy

Remittances from Mongolians working abroad, primarily in South Korea and Japan, are a vital source of foreign income. These remittances, converted into Tugriks, support many families and contribute to the national economy.

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1D7D1M3M1YAll
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Bitgethot-iconcalculator.compare.best
₮936,914.23
0.0200% / 0.0320%vip-iconcalculator.compare.vip
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$0
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$66.44259753
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0 WMEMO

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0.5 WMEMO
468,457.11
1 WMEMO
936,914.23
5 WMEMO
4,684,571.15
10 WMEMO
9,369,142.3
50 WMEMO
46,845,711.48
100 WMEMO
93,691,422.96
500 WMEMO
468,457,114.8
1000 WMEMO
936,914,229.6

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0.5MNT0.{6}5337  WMEMO
1MNT0.{5}1067  WMEMO
5MNT0.{5}5337  WMEMO
10MNT0.{4}1067  WMEMO
50MNT0.{4}5337  WMEMO
100MNT0.0001067  WMEMO
500MNT0.0005337  WMEMO
1000MNT0.001067  WMEMO

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0.5 WMEMO$137.86$129.04
+6.83%
1 WMEMO$275.73$258.09
+6.83%
5 WMEMO$1,378.63$1,290.43
+6.83%
10 WMEMO$2,757.25$2,580.86
+6.83%
50 WMEMO$13,786.26$12,904.29
+6.83%
100 WMEMO$27,572.52$25,808.58
+6.83%
500 WMEMO$137,862.6$129,042.91
+6.83%
1000 WMEMO$275,725.2$258,085.82
+6.83%

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0.5 WMEMO$137.86$139.95
-1.49%
1 WMEMO$275.73$279.91
-1.49%
5 WMEMO$1,378.63$1,399.54
-1.49%
10 WMEMO$2,757.25$2,799.08
-1.49%
50 WMEMO$13,786.26$13,995.38
-1.49%
100 WMEMO$27,572.52$27,990.75
-1.49%
500 WMEMO$137,862.6$139,953.77
-1.49%
1000 WMEMO$275,725.2$279,907.53
-1.49%

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0.5 WMEMO$137.86$15,609.73
-99.12%
1 WMEMO$275.73$31,219.46
-99.12%
5 WMEMO$1,378.63$156,097.29
-99.12%
10 WMEMO$2,757.25$312,194.57
-99.12%
50 WMEMO$13,786.26$1,560,972.85
-99.12%
100 WMEMO$27,572.52$3,121,945.7
-99.12%
500 WMEMO$137,862.6$15,609,728.5
-99.12%
1000 WMEMO$275,725.2$31,219,457
-99.12%

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