MNT to GEL
MNT - Mongolian Tugrik (₮)
GEL - Georgian Lari (₾)Currency conversion rates from MNT to GEL
| MNT | GEL |
| 1 MNT | 1 GEL |
| 5 MNT | 5 GEL |
| 10 MNT | 10 GEL |
| 20 MNT | 20 GEL |
| 50 MNT | 50 GEL |
| 100 MNT | 100 GEL |
| 250 MNT | 250 GEL |
| 500 MNT | 500 GEL |
| 1000 MNT | 1000 GEL |
| 2000 MNT | 2000 GEL |
| 5000 MNT | 5000 GEL |
| 10000 MNT | 10000 GEL |
| GEL | MNT |
| 1 GEL | 1 MNT |
| 5 GEL | 5 MNT |
| 10 GEL | 10 MNT |
| 20 GEL | 20 MNT |
| 50 GEL | 50 MNT |
| 100 GEL | 100 MNT |
| 250 GEL | 250 MNT |
| 500 GEL | 500 MNT |
| 1000 GEL | 1000 MNT |
| 2000 GEL | 2000 MNT |
| 5000 GEL | 5000 MNT |
| 10000 GEL | 10000 MNT |
GEL - Georgian Lari (GEL)
The Georgian lari is the official currency of the country of Georgia. It’s most commonly converted to the US dollar. The currency code for the lari is GEL, and its sign is ლ. The sign was introduced by the Governor of the National Bank of Georgia (NBG) in July 2014. It’s a three-quartered circle open in the lower-right-hand quadrant. It has two vertical parallel lines at its crest and rests on a platform the length of its diameter. It was conceived as part of a sign design contest that began in 2013. It was meant to be easy to construct and to be reminiscent of the Georgian alphabet.
The Lari is the basic monetary unit of Georgia. The word derives from an old native word meaning hoard. It is divided into 100 teri, the currency used in Georgia during the 13th century.
The Georgian Lari is the currency in Georgia (GE, GEO). The Georgian Lari is divided into 100 tetri. The exchange rate for the Georgian Lari was last updated on May 24, 2019 from Yahoo Finance. The GEL conversion factor has 5 significant digits.
Economy
- The largest sector of the Georgian economy is the service industry, with wholesale and retail leading the sector.
- Other industries include agriculture, mining, manufacturing, and fishing.
- Georgia has become a leading producer of eggs and broiler chickens, as well as a primary producer of beef cattle, hogs, and milk.
- Although Georgia was severely damaged economically by civil strife, the country has recovered with the help of the IMF and the World Bank.
- Since 1995, Georgia has achieved positive GDP growth and has minimized inflation.
History
- On October 2, 1995 the Georgian Lari became the official currency of Georgia.
- It replaced the provisional coupon currency which was the kupon Lari, the currency that had replaced the Russian Ruble on April 5, 1993.
- Eduard Shevardnadze’s government was in power during the establishment of the currency.
- The coins in circulation are 1, 2, 5, 10, 20, and 50 tetri, and 1 and 2 Lari.
- Commonly used banknotes are 5, 10, 20, and 50 Lari.
- The 1, 2, 100, and 200 Lari banknotes are rarely used.
More information about GEL - Georgian Lari (GEL)
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.