Convert Bosnia-Herzegovina Convertible Mark to Mongolian Tugrik
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Mongolian Tugrik
1 BAM = 0.000469641511768448 MNT
Example: convert 15 BAM to MNT:
15 BAM = 15 × 0.000469641511768448 MNT = 0.00704462267652673 MNT
Bosnia-Herzegovina Convertible Mark to Mongolian Tugrik Conversion Table
| Bosnia-Herzegovina Convertible Mark | Mongolian Tugrik |
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Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.
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.