Convert Iraqi Dinar to Mongolian Tugrik
Please provide values below to convert Iraqi Dinar [IQD] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Iraqi Dinar.
How to Convert Iraqi Dinar to Mongolian Tugrik
1 IQD = 0.368944410626524 MNT
Example: convert 15 IQD to MNT:
15 IQD = 15 × 0.368944410626524 MNT = 5.53416615939787 MNT
Iraqi Dinar to Mongolian Tugrik Conversion Table
| Iraqi Dinar | Mongolian Tugrik |
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Iraqi Dinar
The Iraqi Dinar (IQD) is the official currency of Iraq, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Iraqi Dinar was introduced in 1932, replacing the Indian Rupee, and has undergone various redenominations and reforms, especially following periods of economic instability and conflict.
Current Use
Today, the IQD is the official currency of Iraq, used in all financial transactions, with the Central Bank of Iraq managing its issuance and regulation.
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.