Convert Mongolian Tugrik to Gibraltar Pound
Please provide values below to convert Mongolian Tugrik [MNT] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Gibraltar Pound
1 MNT = 4794.98689720384 GIP
Example: convert 15 MNT to GIP:
15 MNT = 15 × 4794.98689720384 GIP = 71924.8034580575 GIP
Mongolian Tugrik to Gibraltar Pound Conversion Table
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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.
Gibraltar Pound
The Gibraltar Pound (GIP) is the official currency of Gibraltar, pegged at par to the British Pound Sterling and used alongside it locally.
History/Origin
Introduced in 1934, the Gibraltar Pound replaced the Gibraltar Pound issued during the British colonial period. It has maintained a fixed exchange rate with the British Pound since its inception, with coins and banknotes issued specifically for Gibraltar.
Current Use
The Gibraltar Pound is widely used in Gibraltar for everyday transactions, alongside the British Pound Sterling. It is accepted locally and is also used in some border areas of Spain, with coins and banknotes issued by the Government of Gibraltar.