Convert Ugandan Shilling to Mongolian Tugrik
Please provide values below to convert Ugandan Shilling [UGX] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Ugandan Shilling.
How to Convert Ugandan Shilling to Mongolian Tugrik
1 UGX = 1.00465945454763 MNT
Example: convert 15 UGX to MNT:
15 UGX = 15 × 1.00465945454763 MNT = 15.0698918182144 MNT
Ugandan Shilling to Mongolian Tugrik Conversion Table
| Ugandan Shilling | Mongolian Tugrik |
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Ugandan Shilling
The Ugandan Shilling (UGX) is the official currency of Uganda, used for all monetary transactions within the country.
History/Origin
The Ugandan Shilling was introduced in 1966, replacing the East African Shilling, and has undergone various denominations and reforms over the years to stabilize the economy.
Current Use
Today, the UGX is widely used in Uganda for everyday transactions, banking, and trade, and is managed by the Bank of Uganda.
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.