Convert Mongolian Tugrik to Argentine Peso
Please provide values below to convert Mongolian Tugrik [MNT] to Argentine Peso [ARS], or Convert Argentine Peso to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Argentine Peso
1 MNT = 2.8035167473562 ARS
Example: convert 15 MNT to ARS:
15 MNT = 15 × 2.8035167473562 ARS = 42.052751210343 ARS
Mongolian Tugrik to Argentine Peso Conversion Table
| Mongolian Tugrik | Argentine Peso |
|---|
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.
Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.