Convert Mongolian Tugrik to Ugandan Shilling
Please provide values below to convert Mongolian Tugrik [MNT] to Ugandan Shilling [UGX], or Convert Ugandan Shilling to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Ugandan Shilling
1 MNT = 0.99536215527905 UGX
Example: convert 15 MNT to UGX:
15 MNT = 15 × 0.99536215527905 UGX = 14.9304323291857 UGX
Mongolian Tugrik to Ugandan Shilling Conversion Table
| Mongolian Tugrik | Ugandan 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.
Ugandan Shilling
The Ugandan Shilling (UGX) is the official currency of Uganda, used for all monetary transactions within the country.
History/Origin
The Ugandan Shilling was introduced in 1966, replacing the East African Shilling, and has undergone various denominations and reforms over the years to stabilize the economy.
Current Use
Today, the UGX is widely used in Uganda for everyday transactions, banking, and trade, and is managed by the Bank of Uganda.