Everything you need to know

Mongolia Currency

Travelling to or living in Mongolia? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.

Use the TransferGo card in Mongolia

The TransferGo card helps you spend smarter in Mongolia. Pay in local shops, withdraw cash from ATMs, and enjoy contactless or virtual payments — all while avoiding hidden bank fees and poor exchange rates. Everything is managed from the app, so you’re always in control of your money.

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What is the currency in Mongolia?

The official currency of Mongolia is the Mongolian tögrög

The tögrög replaced the Mongolian dollar in 1925 and is issued by the Bank of Mongolia.

MNT, ₮

Banknotes

₮1,000

₮5,000

₮10,000

₮20,000

₮50,000

Coins

₮50

₮100

₮200

₮500

Popular Tugrik pairings

A

MNT

AED

MNT

ALL

MNT

AMD

MNT

ANG

MNT

AOA

MNT

AUD

MNT

AWG

MNT

AZN

B

MNT

BBD

MNT

BDT

MNT

BGN

MNT

BHD

MNT

BMD

MNT

BND

MNT

BOB

MNT

BRL

MNT

BSD

MNT

BTN

MNT

BWP

MNT

BZD

C

MNT

CAD

MNT

CHF

MNT

CLP

MNT

COP

MNT

CRC

MNT

CZK

D

MNT

DJF

MNT

DKK

MNT

DOP

MNT

DZD

E

MNT

EGP

MNT

ETB

MNT

EUR

F

MNT

FJD

G

MNT

GBP

MNT

GEL

MNT

GHS

MNT

GIP

MNT

GMD

MNT

GYD

H

MNT

HKD

MNT

HNL

MNT

HUF

I

MNT

IDR

MNT

ILS

MNT

INR

J

MNT

JMD

MNT

JPY

K

MNT

KES

MNT

KGS

MNT

KHR

MNT

KMF

MNT

KWD

MNT

KYD

MNT

KZT

L

MNT

LKR

MNT

LSL

M

MNT

MAD

MNT

MDL

MNT

MGA

MNT

MKD

MNT

MRU

MNT

MUR

MNT

MVR

MNT

MWK

MNT

MXN

MNT

MYR

MNT

MZN

N

MNT

NAD

MNT

NGN

MNT

NOK

MNT

NPR

MNT

NZD

O

MNT

OMR

P

MNT

PEN

MNT

PGK

MNT

PHP

MNT

PKR

MNT

PLN

MNT

PYG

Q

MNT

QAR

R

MNT

RON

MNT

RWF

S

MNT

SAR

MNT

SBD

MNT

SCR

MNT

SEK

MNT

SGD

MNT

SRD

MNT

SZL

T

MNT

THB

MNT

TJS

MNT

TMT

MNT

TOP

MNT

TRY

MNT

TTD

MNT

TZS

U

MNT

UAH

MNT

UGX

MNT

USD

MNT

UYU

MNT

UZS

V

MNT

VND

MNT

VUV

W

MNT

WST

X

MNT

XAF

MNT

XCD

MNT

XOF

Z

MNT

ZAR

MNT

ZMW

How to spend money in Mongolia

Cash dominates in most areas, particularly markets and rural regions. In Ulaanbaatar, credit and debit cards are increasingly accepted in hotels, restaurants, and large shops. Mobile payments are slowly gaining adoption. ATMs are mainly in urban centres.

Tip: Always pay in the local currency to get the best exchange rate and avoid extra conversion charges.

Tips for exchanging money in Mongolia

Exchange money at banks or licensed bureaux for fair rates.

Avoid airport kiosks and street dealers.

Pay in tögrög to avoid conversion fees.

Keep small notes for taxis, markets, and local purchases.

Choose smart tools like TransferGo to send and exchange money at transparent rates with no surprises.

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Frequently asked questions

What is the official currency used in Mongolia?

Mongolian tögrög (MNT).

What is the official currency used in Mongolia?

Symbol: ₮ | Code: MNT

Can I use my home currency in Mongolia?

No, tögrög is required.

How can I use the TransferGo card in Mongolia?

Just activate it in the app and start spending — online, in stores, or at ATMs.

Is it better to use cash or card when spending in Mongolia?

Cash is essential; cards work in Ulaanbaatar.

Are credit or debit cards widely accepted in Mongolia?

Limited, mostly in cities.

Are there ATMs available in Mongolia, and are there withdrawal limits?

Yes, mainly in urban areas; limits vary.

Can I use a TransferGo card in Mongolia?

Yes! You can use your TransferGo card for spending, withdrawing, or managing your money— with fair rates and no hidden fees.