Everything You Need to Know About Mongolian Currency

Currency Name:

The official currency of Mongolia is the Tugrug (also spelled Tugrik).

Currency Sign:

The symbol for the Mongolian tugrug is ₮ (Tugrik sign).

Denominations:

• Lowest common note: ₮10
• Highest denomination: ₮20,000

Exchanging Money

You can exchange foreign currencies at banks, authorized exchange offices, and airports. Avoid exchanging money through street vendors due to the risk of poor exchange rates and counterfeit notes.

Cash vs. Cards

Cash is widely used, especially in rural areas. Credit/debit cards are accepted in most establishments in Ulaanbaatar, including restaurants, hotels, and larger stores. It’s advisable to carry cash when traveling outside major cities.

Tipping Etiquette

Tipping is not mandatory, but a 5–10% tip is appreciated in restaurants and hotels for good service.

ATMs and Cash Access

ATMs are widely available in Ulaanbaatar and major cities. Foreign cards may not work in some machines—carry enough cash, especially when traveling to remote areas.

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