Convert Nicaraguan Córdoba to Mongolian Tugrik
Please provide values below to convert Nicaraguan Córdoba [NIO] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Nicaraguan Córdoba.
How to Convert Nicaraguan Córdoba to Mongolian Tugrik
1 NIO = 0.010363101541729 MNT
Example: convert 15 NIO to MNT:
15 NIO = 15 × 0.010363101541729 MNT = 0.155446523125936 MNT
Nicaraguan Córdoba to Mongolian Tugrik Conversion Table
| Nicaraguan Córdoba | Mongolian Tugrik |
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Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.
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.