Definition

Noun: - The basic unit of money in Mongolia: The tugrik is the official currency of Mongolia. It is subdivided into 100 möngö.

Usage Examples

• Noun:
  • The price for the traditional hat was 15,000 tugrik. (The cost was fifteen thousand units of Mongolian currency.)
  • I exchanged my dollars for tugrik at the bank in Ulaanbaatar. (I converted US currency into Mongolian currency.)
  • The coin is worth one hundred tugrik. (The monetary value of the coin is one hundred of Mongolia's currency units.)

Advanced Usage

• "The tugrik strengthened against the dollar": This phrase is used in financial contexts to indicate that the Mongolian currency increased in value relative to the US dollar.
• "Payable in tugrik": Used in formal or commercial contexts to specify that a payment must be made using the national currency of Mongolia.

Variants and Related Words

• MNT: The official ISO 4217 currency code for the Mongolian tugrik, used in international finance and banking.
• Möngö (noun): The subunit of the tugrik, equivalent to one one-hundredth of a tugrik. (Note: möngö coins are now largely out of circulation due to low value).

Synonyms

• Mongolian currency: A descriptive synonym referring to the money used in Mongolia.
• MNT: The formal three-letter code representing the tugrik in global markets.

Related Phrases

• Tugrik note/bill: Refers to the paper currency of Mongolia.
• Tugrik coin: Refers to the metallic currency of Mongolia.

Noun

1. the basic unit of money in Mongolia