View source for Finance:Mongolian tögrög

{{Short description|Currency of Mongolia (₮)}}
{{Infobox currency
| local_name = {{native name|mn-Cyrl|Монгол төгрөг}}<br/>{{MongolUnicode|ᠮᠣᠩᠭᠣᠯ ᠲᠥᠭᠦᠷᠢᠭ}}
| image_1 = 
| image_title_1 = 20,000 tögrög
| image_2 = 
| image_title_2 = 
| iso_code = MNT
| using_countries = {{MNG}}
| inflation_rate = 9.6%
| inflation_source_date = [https://www.mongolbank.mn/eng/ Bank of Mongolia homepage], September 2021.
| subunit_ratio_1 = {{frac|1|100}}
| subunit_name_1 = möngö (мөнгө/{{MongolUnicode|ᠮᠥᠩᠭᠦ}})
| no_plural = Y
| symbol = ₮
| used_coins = ₮20, ₮50, ₮100, ₮200, ₮500 
| frequently_used_banknotes = ₮10, ₮20, ₮50, ₮100, ₮500, ₮1,000, ₮5,000, ₮10,000, ₮20,000 
| rarely_used_banknotes = ₮1, ₮5
| issuing_authority = Bank of Mongolia
| issuing_authority_website = {{URL|www.mongolbank.mn}}
}}
The '''tögrög''' or '''tugrik''' ([[Social:Mongolian Cyrillic alphabet|Mongolian Cyrillic]]: {{lang|mn-Cyrl|төгрөг}}, [[Social:Mongolian script|Mongolian script]]: {{MongolUnicode|ᠲᠥᠭᠦᠷᠢᠭ}}, transcription: {{lang|mn-Latn|tögürig}}; sign: '''₮'''; [[ISO 4217|code]]: '''MNT''') is the official currency of Mongolia. It was historically subdivided into 100 {{lang|mn-Latn|möngö}} ({{lang|mn-Cyrl|мөнгө}} / {{MongolUnicode|ᠮᠥᠩᠭᠦ}}).  Currently, the lowest denomination in regular use is the 5-tögrög note and the highest is the 20,000-tögrög note. In [[Unicode]], the currency sign is {{unichar|20AE|Tugrik sign}}.

In 2010, the tögrög rose 15% against the US dollar, due to the growth of the mining industry in Mongolia.<ref>{{cite news |last1=Frangos |first1=Alex |title=Hot Money Roils Growth Currencies |url=https://www.wsj.com/articles/SB10001424052748703814804576035533789268602 |access-date=2018-01-01 |work={{wipe|The Wall Street Journal}} |date=3 January 2011 |url-access=subscription }}{{subscription required}}</ref> However, its exchange rate eroded by 24% from early 2013 to June 2014 due to falling foreign investment and mining revenue.<ref>{{cite news |last1=Chi |first1=Leisha |title=The sudden slide of the world's worst performing currency |url=https://www.bbc.com/news/business-37103608 |access-date=2018-01-01 |work=BBC News |date=17 August 2016 }}</ref>

==Etymology==
The word ''tögrög'' (төгрөг) refers to "circle", or a "circular object" (i.e. a coin). Today, it is rarely used outside of referring to the currency, with the exception of the phrase ''tögrög sar'' (төгрөг сар), meaning "full moon".[Brass]= rubel.

==History==
[[File:Socialist Mongolia Coins & Banknotes (34894060173).jpg|thumb|Socialist era tögrög in the [[Organization:National Museum of Mongolia|National Museum of Mongolia]].]]
The tögrög was introduced on December 9, 1925<ref>{{cite web | author= Bank of Mongolia |  url= http://www.mongolbank.mn/web/guest/banknotes/history | title= History – National Currency – Togrog | access-date=2007-12-15 |archive-url = https://web.archive.org/web/20071112223613/http://www.mongolbank.mn/web/guest/banknotes/history <!-- Bot retrieved archive --> |archive-date = 2007-11-12}}</ref> at a value equal to one Soviet ruble, where one ruble or tögrög was equal to {{convert|18|g|ozt|lk=out}} of silver. It replaced the Mongolian dollar and other currencies and became the sole legal currency on April 1, 1928.

Möngö coins are no longer in circulation as currency, owing to their negligible value. Today, they are sold online and to tourists as collectibles.

==Coins==
During socialism, the tögrög coin denominations were 1, 2, 5, 10, 15, 20, 50 möngö, and 1 tögrög. After the Mongolian People's Republic came to an end in 1992 and inflation surged, möngö coins were abandoned and larger tögrög values introduced.

{|class="wikitable" style="font-size: 90%"
!colspan="10"|Coin Series during the People's Republic of Mongolia era [https://web.archive.org/web/20060309113052/http://www.mongolbank.mn/oldcoins.htm]
|-
! Images !! Series !! Composition !! Obverse !! Reverse !! Date recalled !! Valueless since !! Script !! Minted in !! Calendar used
|-
| [https://web.archive.org/web/20060309113329/http://www.mongolbank.mn/images/Coins1/oldcoins1.jpg]
| 1925
| 1-5 möngö: [[Chemistry:Copper|copper]]<br/>10-20 möngö: 0.5 [[Chemistry:Silver|silver]]<br/>50 möngö, 1 tögrög: 90% [[Chemistry:Silver|silver]]
|rowspan="2"| Soyombo
|rowspan="5"| Value
| 1950
| 1970
|rowspan="2"| Mongolian
|rowspan="3"|[[Place:Soviet Union|Soviet Union]]
| Mongolian Year 15
|-
| [https://web.archive.org/web/20060309113353/http://www.mongolbank.mn/images/Coins1/oldcoins2.jpg]
| 1937
|rowspan="2"| 1-5 möngö: [[Chemistry:Aluminium bronze|aluminium bronze]]<br/>10-20 möngö: [[Chemistry:Cupronickel|cupronickel]]
| 1960
| 1970
| Mongolian Year 27
|-
| [https://web.archive.org/web/20060309113345/http://www.mongolbank.mn/images/Coins1/oldcoins3.jpg]
| 1945
|rowspan="2"| coat of arms, "Бүгд Найрамдах Монгол Ард Улс" (People's Republic of Mongolia)
| 1970
| 1970
|rowspan="5"| [[Social:Cyrillic script|Cyrillic]]
| Mongolian Year 35
|-
| [https://web.archive.org/web/20060309113401/http://www.mongolbank.mn/images/Coins1/oldcoins4.jpg]
| 1959
| [[Chemistry:Aluminium|Aluminium]]
| 1990
| 1990
| P.R. China
|rowspan="2"| [[Common Era]]
|-
| [https://web.archive.org/web/20060309113408/http://www.mongolbank.mn/images/Coins1/oldcoins6.jpg], [https://web.archive.org/web/20060309113337/http://www.mongolbank.mn/images/Coins1/oldcoins5.jpg]
| 1970, 77, 80, 81
| 1-5 möngö: [[Chemistry:Aluminium|aluminium]]<br/>10-50 möngö: [[Chemistry:Cupronickel|cupronickel]]
| coat of arms, state title in short (БНМАУ) for 1-5 möngö, in full for 10-50 möngö
| &mdash;
| &mdash;
| 1970, 77: [[Place:East Germany|East Germany]]<br/>1980, 81: Mongolia
|-
| [https://web.archive.org/web/20060309113337/http://www.mongolbank.mn/images/Coins1/oldcoins5.jpg]
| Circulating & commemorative 1 tögrög
| 1971: [[Chemistry:Aluminium bronze|aluminium bronze]], [[Chemistry:Cupronickel|cupronickel]], [[Chemistry:Silver|silver]], or [[Chemistry:Gold|gold]]<br/>1981: [[Chemistry:Aluminium bronze|aluminium bronze]]
|rowspan="2"| coat of arms, full state title, value
| "БНМАУ", Damdin Sükhbaatar on a horse, "50 ЖИЛ" or "60 ЖИЛ" depending on the year
| ? || ? || 1971: East Germany<br/>1981: Mongolia || &mdash;
|-
|
| 1981–88: 1 tögrög with various commemorative subjects
| [[Chemistry:Aluminium bronze|Aluminium bronze]]
| 6 designs, such as Karl Marx, Soviet-Mongolian space flight, etc.
| ? || ? || Mongolia
| [[Common Era]]
|}

{|class="wikitable" style="font-size: 90%"
!colspan="11"|Current Coins [http://www.mongolbank.mn/eng/listbanknote.aspx?did=2]
|-
!colspan="2"| Image !!rowspan="2"| Value !!colspan="4"| Technical parameters !!colspan="3"| Description !!rowspan="2"| Date of first minting
|-
! Obverse !! Reverse !! Diameter !! Thickness !! Mass !! Composition !! Edge !! Obverse !! Reverse
| [[File:MN 1994 20tugrik a.gif|100px]]
| [https://web.archive.org/web/20060923175055/http://www.mongolbank.mn/images/Currcoin/coin20b.gif]
|20 tögrög
| 17.5&nbsp;mm
| 1.5&nbsp;mm
| 0.78 g
|rowspan="2"| [[Chemistry:Aluminium|Aluminium]]
|rowspan="4"| Plain
|rowspan="2"| Value
|rowspan="4"| Soyombo
|rowspan="4"| 1994
| [[File:MN 1994 50tugrik a.gif|100px]]
| [https://web.archive.org/web/20060923174810/http://www.mongolbank.mn/images/Currcoin/coin50b.gif]
| 50 tögrög
| 23&nbsp;mm
| 1.8&nbsp;mm
| 1.68 g
| [[File:MN 1994 100tugrik a.gif|100px]]
| [https://web.archive.org/web/20060923174706/http://www.mongolbank.mn/images/Currcoin/coin100b.gif]
| 100 tögrög
| 22&nbsp;mm
| 1.5&nbsp;mm
| 3.84 g
|rowspan="3"| [[Chemistry:Cupronickel|Cupronickel]]
| Value, Janraisig Temple
| [[File:MN 1994 200tugrik a.gif|100px]]
| [https://web.archive.org/web/20060923174646/http://www.mongolbank.mn/images/Currcoin/coin200b.gif]
| 200 tögrög
| 25&nbsp;mm
| 1.7&nbsp;mm
| 6.2 g
| Value, the Government House
| [[File:MN 1994 500tugrik a.gif|100px]]
| [https://web.archive.org/web/20060923175046/http://www.mongolbank.mn/images/Currcoin/coin500b.gif]
| 500 tögrög
| 22&nbsp;mm
| 1.7&nbsp;mm
| 4.1 g
| Smooth
| Value, Soyombo
| Damdin Sükhbaatar
| 2001
|-
|}

==Banknotes ==
Like coins, the tögrög banknotes were very similar to the Soviet ruble during the Mongolian People's Republic era. The similarities included color theme, overall design, and the lineup of the denominations, which were 1, 3, 5, 10, 25, 50, 100 tögrög unless stated otherwise. The color for each value is
* 1 tögrög: brown
* 3 tögrög: green
* 5 tögrög: blue
* 10 tögrög: red
* 20 tögrög: green
* 25 tögrög: lilac
* 50 tögrög: green
* 100 tögrög: brown
Formerly, all banknotes were printed in the [[Place:Soviet Union|Soviet Union]]. Modern tögrög banknotes are generally printed in the {{wipe|United Kingdom}}.

{|class="wikitable" style="font-size: 90%"
!colspan="9"|Banknote Series during the People's Republic of Mongolia era [https://web.archive.org/web/20060309113151/http://www.mongolbank.mn/oldnotes.htm]
|-
! Image !! Series !! Obverse !! Reverse !! Date recalled !! Valueless since !! Script !! Calendar used !! Remark
|-
| [https://web.archive.org/web/20060309113723/http://www.mongolbank.mn/images/Notes/notes1.jpg]
| 1925
| Soyombo, value
| Value
| 1940
| 1966
|rowspan="2"| Mongolian
| [[Common Era]]
| 2 tögrög in green instead of 3 tögrög
|-
| [https://web.archive.org/web/20060309113732/http://www.mongolbank.mn/images/Notes/notes2.jpg]
| 1939
| Soyombo, Sükhbaatar
|rowspan="3"| Value
| 1955
| 1966
| [[Common Era]] and Mongolian Year 29
|rowspan="2"| 25 tögrög in brown
|-
|
| 1941
|rowspan="2"| Coat of arms, Sükhbaatar
| ?
| ?
| Both
| [[Common Era]] and Mongolian Year 31
|-
| [https://web.archive.org/web/20060309113715/http://www.mongolbank.mn/images/Notes/notes3.jpg]
| 1955
| 1966
| 1966
| [[Social:Cyrillic script|Cyrillic]]
|rowspan="3"| [[Common Era]]
| 25 tögrög in blue on obverse, brown on reverse
|-
|rowspan="2"| [https://web.archive.org/web/20060309113740/http://www.mongolbank.mn/images/Notes/notes4.jpg]
| 1966
|rowspan="2"| Coat of arms, Sükhbaatar except 1 tögrög
| Value for 1-25 tögrög, the Government House for 50 and 100 tögrög
|rowspan="2"| &mdash;
|rowspan="2"| &mdash;
|rowspan="2"| Both
|-
| 1981, 83
| As above, except industrial theme for 20 tögrög
| 20 tögrög in green instead of 25 tögrög
|}

{|class="wikitable" style="font-size: 90%"
!colspan="10"|1993 Series [https://web.archive.org/web/20070228181532/http://www.mongolbank.mn/web/guest/banknotes/notes]
|-
!colspan="2"| Image<sup>1</sup> !!rowspan="2"| Value !!rowspan="2"| Dimensions !!rowspan="2"| Main Color !!colspan="3"| Description !!rowspan="2"| Date of printing<sup>2</sup> !!rowspan="2"| Usage
|-
! Obverse !! Reverse !! Obverse !! Reverse  !! Watermark
|-
|style=""  align="center" | 
|style=""  align="center" | 
| 10 möngö
| 45 × 90&nbsp;mm
| Pink
| Soyombo, Archery
| Archery
|rowspan="3"| &mdash;
|rowspan="3"| 1993
|rowspan="4"| Very rare in circulation. Abundant among collectors.
|-
|style=""  align="center" | 
|style=""  align="center" | 
| 20 möngö
| 45 × 90&nbsp;mm
| Yellow-brown
| Soyombo, Wrestling
| Wrestling
|-
|style=""  align="center" | 
|style=""  align="center" | 
| 50 möngö
| 45 × 90&nbsp;mm
| Green-cyan
| Soyombo, Horse riding
| Horse riding
|-
|align="center"| 
|align="center"| 
| 1 tögrög (neg)
| 115 × 57&nbsp;mm
| Yellow-brown
| [[Biology:Lion|Lion]]
| Soyombo, Paiza
|rowspan="11"| Genghis Khan
|rowspan="2"|1993, 2008, 2014
|-
|align="center"| 
|align="center"| 
| 5 tögrög (tavan)
| 120 × 60&nbsp;mm
| Orange
|rowspan="5"| Sükhbaatar, Soyombo, Paiza
|rowspan="5"| Mountainous landscape and horses eating grass
| Rarely used anywhere but in banks 
|-
|style=""  valign="bottom" | 
|style=""  valign="bottom" | 
| 10 tögrög (arvan)
| 125 × 61&nbsp;mm
| Green
|rowspan="2"| 1993, 2002, 2005, 2007, 2009, 2011, 2013, 2014, 2017<sup>3</sup>, 2018, 2020
| The smallest commonly used note 
|-
|style=""  valign="bottom" | 
|style=""  valign="bottom" | 
| 20 tögrög (horin) 
| 130 × 64&nbsp;mm
| Reddish purple
| 
|-
|style=""  valign="bottom" | 
|style=""  valign="bottom" | 
| 50 tögrög (tavin)
| 135 × 66&nbsp;mm
| Brown
|rowspan="2"| 1993, 2000, 2008, 2013, 2014, 2016,<sup>3</sup> 2019, 2020
|
|-
|style=""  valign="bottom" | 
|style=""  valign="bottom" | 
| 100 tögrög (zuun)
| 140 × 68&nbsp;mm
| Violet
|
|-
|align="center"| [https://web.archive.org/web/20060309113300/http://www.mongolbank.mn/images/Bills/m500f.jpg]
|align="center"| [https://web.archive.org/web/20060923174802/http://www.mongolbank.mn/images/Bills/m500b.jpg]
| 500 tögrög (tavan zuun)
| 145 × 70&nbsp;mm
| Green
|rowspan="5"|Genghis Khan, Soyombo, Paiza
|rowspan="2"|Mongolian yurts in motion
| 1993, 1997, 2003, 2007, 2011, 2013<br/>2000<sup>3</sup>, 2003<sup>4</sup>, 2013, 2016, 2020
|
|-
|style=""  valign="bottom" | 
|style=""  valign="bottom" | 
| 1000 tögrög (myangan)
| 150 × 72&nbsp;mm
| Blue
| 1993, 1997, 2003, 2007, 2011, 2013, 2017, 2020<br/>2003<sup>4</sup>
|
|-
|style=""  valign="bottom" | 
|style=""  valign="bottom" | 
| 5000 tögrög (tavan myangan)
| 150 × 72&nbsp;mm
| Pink-purple
|rowspan="2"|"Drinking Fountain" at Genghis Khan's court
| 1994, 2003, 2013, 2018<sup>4</sup>
|
|-
|style=""  valign="bottom" | 
|style=""  valign="bottom" | 
| 10,000 tögrög (arvan myangan)
| 150 × 72&nbsp;mm
| goldish yellow
| 1995, 2002, 2009, 2014<sup>4</sup>, 2021
|
|-
|align="center"| [https://moneycurrencypictures.blogspot.com/2018/11/mongolia-currency-money-20000-tugrik-banknote-2013-genghis-khan.html]
|align="center"| [https://moneycurrencypictures.blogspot.com/2018/11/mongolia-currency-money-20000-tugrik-banknote-2013-genghis-khan.html]
| 20,000 tögrög (horin myangan)
| 151 × 72&nbsp;mm
| Lime and purple
| Nine White Banner
| 2006, 2009, 2013,<sup>4</sup> 2019
|
|-
|}

===Remarks===
#Images shown are the earliest variations of each value
#Issued dates are listed for up to 2003. It is known that there is a 2005 edition of 10 tögrög, but it is yet unclear whether or not it was the only value for the 2005 edition.
#Lower value notes (10 ~ 500 tögrög) issued in 2000 and after have line-patterned color underprint on the entire note, where the previous edition had near-white solid color. But one exception to the rule is the 2000 edition of 500 tögrög.
#High value notes (500 ~ 10,000 tögrög) issued in 2002 and after have a patch on the lower right hand side of obverse as an improved anti-counterfeit device, which used to be printed only on the two highest values. The new patch is also more sophisticated than the ones in the 1990s. The Soyombo symbol was upgraded to a hologram on the two highest values. On series 2018 5000 tögrög, the hologram was changed to an OVMI ink.


==See also==
*Economy of Mongolia

==References==
{{Reflist}}

==External links==
*[https://www.mongolbank.mn/en/banknote Banknotes of Mongolia], Bank of Mongolia
*[https://www.mongolbank.mn/en/banknote Website] at the Bank of Mongolia with history of Mongolian currency and pictures of tögrög



{{DEFAULTSORT:Mongolian togrog}}
[[Category:Currency symbols]]
[[Category:Circulating currencies]]

{{Sourceattribution|Mongolian tögrög}}