tughrik
Definition
Noun: The tughrik is the basic monetary unit of the nation of Mongolia. It is the official currency used for all financial transactions within the country.
Usage
The word "tughrik" is used to refer to the currency itself, both in singular and plural forms (though "tughriks" is also an accepted plural). It is typically preceded by an amount or used in contexts discussing Mongolian finance, prices, or the economy. - When stating a price: "It costs 5,000 tughrik." - When discussing the currency's value: "The tughrik has stabilized against the dollar."
Examples
- Noun:
- The souvenir was priced at 15,000 tughrik.
- Exchanging dollars for tughrik is easy at the bank in Ulaanbaatar.
- Inflation has affected the purchasing power of the tughrik.
Advanced Usage
- Currency Code: In international finance, the Mongolian Tughrik is represented by the ISO 4217 code MNT.
- Symbol: The currency is often represented by the symbol ₮.
Variants and Related Words
- Tugrik: An alternative, common English spelling for "tughrik."
- MNT: The official three-letter currency code for the Mongolian Tughrik.
- Möngö: A subunit of the tughrik, equivalent to 1/100 of a tughrik, though it is no longer used in practice due to its negligible value.
Synonyms
- Mongolian currency: A descriptive synonym.
- MNT: The official financial abbreviation.
Related Phrases
- Tughrik-denominated: Referring to assets, loans, or prices stated in the currency of Mongolia.
- The bond is a tughrik-denominated instrument.
Noun
-
the basic unit of money in Mongolia
