Mongolia - Money
Currency & Money
The official currency of Mongolia is the Tögrög or Tugrik (MNT; symbol ₮). Notes are in denominations of ₮ 20,000, 10,000, 5,000, 1,000, 500, 100, 50, 20 and 10. Coins are in denominations of ₮ 500, 200, 100, 50 and 20. Coins are rarely used due to inflation.
Credit cards are accepted at hotels and tourist shops in Ulaanbaatar. However, cash is still king in smaller towns and in the Gobi.
ATMs are widely available in Ulaanbaatar and other major towns in Mongolia, with most machines accepting international cards, particularly Visa and Mastercard. You can find ATMs in banks, shopping centres, hotels, and some convenience stores, and they dispense cash in Mongolian Tögrög (MNT) only.
ATM access is limited or non-existent in rural areas.
Travellers must declare any amount exceeding 15 million MNT, whether in local currency or its equivalent in foreign currency, upon entering Mongolia. The same rule applies on departure, and travellers may only take out up to the amount they declared on arrival.
Foreign exchange services are readily available in Mongolia. In Ulaanbaatar, visitors will find currency exchange facilities at banks (such as Khan Bank, Golomt Bank, and the Trade and Development Bank), official exchange bureaus along major streets, major hotels, and of course, at the airport. Commonly accepted currencies include the USD, EUR, CNY, and JPY.
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