Saturday, June 4, 2011

Mongolia 10 Tögrög (Tugrik) (1993)

The tögrög or tugrik (Mongolian: төгрөг) is the official currency of Mongolia. It was historically subdivided into 100 möngö (мөнгө). Currently the lowest denomination in regular use is the 10 tögrög note and the highest is the 20,000 tögrög note. In 2010, the tögrög was the best-performing currency world-wide.

The tögrög was introduced on December 9, 1925 at a value equal to one Soviet ruble, where one ruble or tögrög was equal to 18 grams (0.58 ozt) of silver. It replaced the Mongolian dollar and other currencies and became the sole legal currency on April 1, 1928.

Obverse: Damdin Sükhbaatar a Mongolian military leader in the 1921 revolution; Soyombo symbol (a national symbol of Mongolia)
Paiza (a tablet of authority for the Mongol officials and envoys)

Reverse: Mountainous landscape and horses eating grass

Möngö coins are not in circulation as currency any longer, as they are of negligible value. They are sold to tourists and as novelties and collectibles now.

Thanks to a trader from Chatuchak Market, Bangkok, Thailand.