Everything you need to know
Mongolia Currency
Travelling to or living in Mongolia? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.
Use the GoCard in Mongolia
Open a UK bank account with us and get a GoCard for smarter spending in Mongolia. Pay in local shops, use ATMs globally, and enjoy contactless payments—all with zero hidden fees. Everything is managed from the app. Available only to UK and EU residents.
What is the currency in Mongolia?
The official currency of Mongolia is the Mongolian tögrög
The tögrög replaced the Mongolian dollar in 1925 and is issued by the Bank of Mongolia.
MNT, ₮
Banknotes
₮1,000
₮5,000
₮10,000
₮20,000
₮50,000
Coins
₮50
₮100
₮200
₮500
Popular Tugrik pairings
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Z
How to spend money in Mongolia
Cash dominates in most areas, particularly markets and rural regions. In Ulaanbaatar, credit and debit cards are increasingly accepted in hotels, restaurants, and large shops. Mobile payments are slowly gaining adoption. ATMs are mainly in urban centres.
Tips for exchanging money in Mongolia
Exchange money at banks or licensed bureaux for fair rates.
Avoid airport kiosks and street dealers.
Pay in tögrög to avoid conversion fees.
Keep small notes for taxis, markets, and local purchases.
Choose smart tools like TransferGo to send and exchange money at transparent rates with no surprises.
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Frequently asked questions
What is the official currency used in Mongolia?
Mongolian tögrög (MNT).
What is the official currency used in Mongolia?
Symbol: ₮ | Code: MNT
Can I use my home currency in Mongolia?
No, tögrög is required.
How can I use my GoCard in Mongolia?
Just activate it in the app and start spending—online or in stores.
Is it better to use cash or card when spending in Mongolia?
Cash is essential; cards work in Ulaanbaatar.
Are credit or debit cards widely accepted in Mongolia?
Limited, mostly in cities.
Are there ATMs available in Mongolia, and are there withdrawal limits?
Yes, mainly in urban areas; limits vary.
Can I use a GoCard in Mongolia?
Yes! You can use your GoCard for spending, withdrawing, or managing your money—with fair rates and no hidden fees.