Convert Nigerian Naira to Mongolian Tugrik
Please provide values below to convert Nigerian Naira [NGN] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Nigerian Naira.
How to Convert Nigerian Naira to Mongolian Tugrik
1 NGN = 0.431216858031521 MNT
Example: convert 15 NGN to MNT:
15 NGN = 15 × 0.431216858031521 MNT = 6.46825287047281 MNT
Nigerian Naira to Mongolian Tugrik Conversion Table
| Nigerian Naira | Mongolian Tugrik |
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Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.
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.