Convert Mongolian Tugrik to Tanzanian Shilling
Please provide values below to convert Mongolian Tugrik [MNT] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Tanzanian Shilling
1 MNT = 1.38115229740917 TZS
Example: convert 15 MNT to TZS:
15 MNT = 15 × 1.38115229740917 TZS = 20.7172844611375 TZS
Mongolian Tugrik to Tanzanian Shilling Conversion Table
| Mongolian Tugrik | Tanzanian Shilling |
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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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.