Convert Djiboutian Franc to Mongolian Tugrik
Please provide values below to convert Djiboutian Franc [DJF] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Djiboutian Franc.
How to Convert Djiboutian Franc to Mongolian Tugrik
1 DJF = 0.0500660782874455 MNT
Example: convert 15 DJF to MNT:
15 DJF = 15 × 0.0500660782874455 MNT = 0.750991174311683 MNT
Djiboutian Franc to Mongolian Tugrik Conversion Table
| Djiboutian Franc | Mongolian Tugrik |
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Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure stability.
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.