The tögrög ( ;

sign A sign is an object, quality, event, or entity whose presence or occurrence indicates the probable presence or occurrence of something else. A natural sign bears a causal relation to its object—for instance, thunder is a sign of storm, or me ...

: ₮;

code In communications and information processing, code is a system of rules to convert information—such as a letter, word, sound, image, or gesture—into another form, sometimes shortened or secret, for communication through a communicati ...

: MNT), also spelt tugrug or tugrik, is the official currency of

Mongolia Mongolia is a landlocked country in East Asia, bordered by Russia to the north and China to the south and southeast. It covers an area of , with a population of 3.5 million, making it the world's List of countries and dependencies by po ...

. It was historically subdivided into 100 ( ). Currently, the lowest denomination in regular use is the 10-tögrög note, and the highest is the 20,000-tögrög note. In

Unicode Unicode or ''The Unicode Standard'' or TUS is a character encoding standard maintained by the Unicode Consortium designed to support the use of text in all of the world's writing systems that can be digitized. Version 16.0 defines 154,998 Char ...

, the currency sign is .

Etymology

The word ''tögrög'' refers to 'circle' or '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'' (), meaning 'full moon'.

History

The tögrög was introduced on December 9, 1925, at a value equal to one

Soviet ruble The ruble or rouble (; rus, рубль, r=rubl', p=rublʲ) was the currency of the Soviet Union. It was introduced in 1922 and replaced the Russian ruble#Imperial ruble (1704-1922), Imperial Russian ruble. One ruble was divided into 100 kopecks ...

, where one ruble or tögrög was equal to 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. In 2010, the tögrög rose 15% against the US dollar, due to the growth of the mining industry in Mongolia. However, its exchange rate eroded by 24% from early 2013 to June 2014 due to falling foreign investment and mining revenue.

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 The Mongolian People's Republic (MPR) was a socialist state that existed from 1924 to 1992, located in the historical region of Outer Mongolia. Its independence was officially recognized by the Nationalist government of Republic of China (1912� ...

came to an end in 1992 and inflation surged, möngö coins were abandoned and larger tögrög values introduced.

Banknotes

Like coins, the tögrög banknotes were very similar to the

during the

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

Soviet Union The Union of Soviet Socialist Republics. (USSR), commonly known as the Soviet Union, was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 until Dissolution of the Soviet ...

. Modern tögrög banknotes are generally printed in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

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.

References

External links

Banknotes of Mongolia
Bank of Mongolia
Website
at the Bank of Mongolia with history of Mongolian currency and pictures of tögrög {{DEFAULTSORT:Mongolian togrog Togrog Currency symbols Circulating currencies Currencies introduced in 1925 Currencies of Asia