AED to MNT

AED - United Arab Emirates Dirham (د.إ.‏)
MNT - Mongolian Tugrik ()
1 AED1 MNT

Currency conversion rates from AED to MNT

AEDMNT
1 AED1 MNT
5 AED5 MNT
10 AED10 MNT
20 AED20 MNT
50 AED50 MNT
100 AED100 MNT
250 AED250 MNT
500 AED500 MNT
1000 AED1000 MNT
2000 AED2000 MNT
5000 AED5000 MNT
10000 AED10000 MNT
MNTAED
1 MNT1 AED
5 MNT5 AED
10 MNT10 AED
20 MNT20 AED
50 MNT50 AED
100 MNT100 AED
250 MNT250 AED
500 MNT500 AED
1000 MNT1000 AED
2000 MNT2000 AED
5000 MNT5000 AED
10000 MNT10000 AED

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

  • The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
  • Natural gas and petroleum exports play an important role in the economy.
  • The service sector is also an important source of income.
  • Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
  • The United Arab Emirates is part of the World Trade Organization.
  • Imports are machinery, manufactured goods, and transport equipment.
  • In 2009, 85% of exports were natural resources.
  • The United Arab Emirates has the fastest-growing economy in the world.

History

  • The original currency in the United Arab Emirates was the Bahraini Dinar.
  • Before 1966 the United Arab Emirates used the Gulf Rupee.
  • The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
  • From 1973 to 1982 the United Arab Emirates issued the Dirham.
  • In 1976 the United Arab Emirates minted commemorative coins.
  • In the late 1980s a fixed rate was established between the Dirham and the USD.
  • 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
  • In 1997 the Dirham was pegged to the US Dollar.

More information about AED - United Arab Emirates Dirham (د.إ)


MNT - Mongolian Tugrik (MNT)

Mongolian Tugrik

The Mongolian Tögrög or Tugrik is the official currency of Mongolia. The banknotes are in denominations of 1, 3, 5, 10, 20, 50, 100, 500, 1,000, 5,000, and 10,000; coins are in denominations of 20, 50, 100, and 200. Importing of local currency is limited to 815 Tugrik. Exporting local and foreign currencies is also limited to 815 Tugrik.

The Mongolian Tugrik is the currency in Mongolia (MN, MNG). The symbol for MNT can be written Tug. The Mongolian Tugrik is divided into 100 mongos. The exchange rate for the Mongolian Tugrik was last updated on May 24, 2019 from Yahoo Finance. The MNT conversion factor has 5 significant digits.

Economy

  • Mongolia’s economy has relied on the agricultural and herding sectors.
  • The country has extensive mineral deposits.
  • The economy improved in 2002–2003 as a result of increased copper and gold production.
  • The Mongolian economy is highly sensitive to activity in neighboring countries. For instance, Mongolia relies on Russia for >90% of its petroleum product imports as well as a high proportion of its electric power, making the country very susceptible to price increases.
  • Mongolia’s main export trading partner is China, which is also considered Mongolia’s “shadow” economy.
  • In 1997 Mongolia joined the World Trade Organization and intends to join Asian regional economic and trade organizations.

History

  • On April 1, 1928 the Tugrik replaced the Mongolian Dollar and other currencies and became the only legal currency in Mongolia.
  • Before other currencies were used in Mongolia, the mongo was also part of the currency history. It is no longer in the circulation because of its very low value. They became collectibles and novelties for tourists on the country.
  • In 2010, the ratio of Tugrik to US Dollar increased by 15% - the highest exchange rate gain in the world.

More information about MNT - Mongolian Tugrik (MNT)