Convert Bitcoin to Mongolian Tugrik
Please provide values below to convert Bitcoin [BTC] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Bitcoin.
How to Convert Bitcoin to Mongolian Tugrik
1 BTC = 2.38043792263682e-09 MNT
Example: convert 15 BTC to MNT:
15 BTC = 15 × 2.38043792263682e-09 MNT = 3.57065688395523e-08 MNT
Bitcoin to Mongolian Tugrik Conversion Table
| Bitcoin | Mongolian Tugrik |
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Bitcoin
Bitcoin (BTC) is a decentralized digital currency that enables peer-to-peer transactions without the need for a central authority or intermediary.
History/Origin
Bitcoin was created in 2009 by an anonymous person or group known as Satoshi Nakamoto, introducing blockchain technology to ensure secure and transparent transactions. It was the first cryptocurrency and sparked the development of numerous other digital currencies.
Current Use
Bitcoin is widely used for online purchases, investment, remittances, and as a store of value. It is also accepted by some merchants and businesses worldwide and is increasingly integrated into financial markets and services.
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.