Convert Saudi Riyal to Mongolian Tugrik
Please provide values below to convert Saudi Riyal [SAR] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Saudi Riyal.
How to Convert Saudi Riyal to Mongolian Tugrik
1 SAR = 0.00105641873260853 MNT
Example: convert 15 SAR to MNT:
15 SAR = 15 × 0.00105641873260853 MNT = 0.015846280989128 MNT
Saudi Riyal to Mongolian Tugrik Conversion Table
| Saudi Riyal | Mongolian Tugrik |
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Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.
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.