MNT to NAD
Currency conversion rates from MNT to NAD
|1 MNT||1 NAD|
|5 MNT||5 NAD|
|10 MNT||10 NAD|
|20 MNT||20 NAD|
|50 MNT||50 NAD|
|100 MNT||100 NAD|
|250 MNT||250 NAD|
|500 MNT||500 NAD|
|1000 MNT||1000 NAD|
|2000 MNT||2000 NAD|
|5000 MNT||5000 NAD|
|10000 MNT||10000 NAD|
|1 NAD||1 MNT|
|5 NAD||5 MNT|
|10 NAD||10 MNT|
|20 NAD||20 MNT|
|50 NAD||50 MNT|
|100 NAD||100 MNT|
|250 NAD||250 MNT|
|500 NAD||500 MNT|
|1000 NAD||1000 MNT|
|2000 NAD||2000 MNT|
|5000 NAD||5000 MNT|
|10000 NAD||10000 MNT|
MNT - Mongolian Tugrik (MNT)
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.
- 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.
- 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.
NAD - Namibian Dollar ($)
The Namibian Dollar is the official currency of Namibia. After the country gained its independence in 1990, the Dollar was introduced in 1993 to replace the South African Rand. The Rand is still legal tender, since the Namibia Dollar is pegged to the Rand.
The Namibian Dollar is the currency in Namibia (NA, NAM). The symbol for NAD can be written N$. The Namibian Dollar is divided into 100 cents. The exchange rate for The Namibian Dollar was last updated on May 24, 2019 from Yahoo Finance. The NAD conversion factor has 5 significant digits.
- Namibia’s economy is dependent on mining and developing minerals for export.
- Mining accounts for 20% of Namibia’s GDP. Its valuable diamond deposits make Namibia the primary source of gem-quality diamonds.
- Namibia is the fourth-largest exporter of non-fuel minerals in Africa, produces large amounts of zinc, lead, tin, tungsten, and silver, and is the fifth-largest uranium producer.
- Almost half of the population depends on agriculture for survival.
- Privatization of Namibian enterprises is one of the reasons for future investment.
- The South African Rand was the official currency from 1920 to 1990. The Rand is still considered legal tender in Namibia; the Namibia Dollar is pegged to the Rand at a rate of 1:1.
- Namibia was a member of the Common Monetary Area after it gained independence in 1990 until the introduction of the Namibia Dollar in 1993.
- In September 15, 1993, the first banknotes were issued by the Bank of Namibia; the first coins were introduced in December of the following year.