Convert Manx pound to Mongolian Tugrik
Please provide values below to convert Manx pound [IMP] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Manx pound.
How to Convert Manx Pound to Mongolian Tugrik
1 IMP = 0.000208551143400025 MNT
Example: convert 15 IMP to MNT:
15 IMP = 15 × 0.000208551143400025 MNT = 0.00312826715100038 MNT
Manx Pound to Mongolian Tugrik Conversion Table
| Manx pound | Mongolian Tugrik |
|---|
Manx Pound
The Manx pound (IMP) is the official currency of the Isle of Man, subdivided into 100 pence, and used as the island's legal tender.
History/Origin
The Manx pound has been in use since the Isle of Man established its own currency system, historically linked to the British pound, with banknotes issued by local banks since the 19th century.
Current Use
Today, the Manx pound is pegged to the British pound at par and is used alongside British currency for everyday transactions and local commerce on the Isle of Man.
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.