Convert Namibian Dollar to Mongolian Tugrik
Please provide values below to convert Namibian Dollar [NAD] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Namibian Dollar.
How to Convert Namibian Dollar to Mongolian Tugrik
1 NAD = 0.00494874425336381 MNT
Example: convert 15 NAD to MNT:
15 NAD = 15 × 0.00494874425336381 MNT = 0.0742311638004571 MNT
Namibian Dollar to Mongolian Tugrik Conversion Table
| Namibian Dollar | Mongolian Tugrik |
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Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.
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.