Convert Mongolian Tugrik to Namibian Dollar
Please provide values below to convert Mongolian Tugrik [MNT] to Namibian Dollar [NAD], or Convert Namibian Dollar to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Namibian Dollar
1 MNT = 202.071464760029 NAD
Example: convert 15 MNT to NAD:
15 MNT = 15 × 202.071464760029 NAD = 3031.07197140043 NAD
Mongolian Tugrik to Namibian Dollar Conversion Table
| Mongolian Tugrik | Namibian Dollar |
|---|
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.
Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.