Mongolia

History

Until 1921 Chinese and Russian money and silver ingots circulated; after the revolution of 1921 and the death of the Bogd Khan (1924) the second socialist country in the world arose. In 1990 a peaceful democratic revolution took place.

Currency and coins

The currency is the tugrik (tögrög, 1 tugrik = 100 möngö), introduced in 1925. The first coins of 1925 were struck at the Leningrad mint: copper 1, 2 and 5 möngö, silver 10, 15, 20 and 50 möngö and 1 tugrik (20 g, .900) with inscriptions in Mongolian script and the soyombo. Dates are given in the Mongolian era (year 15 = 1925, 27 = 1937); copper-nickel from 1937, aluminium from 1959. Commemoratives from the 1970s; today also plentiful gold and silver collector issues.