MNT to RWF

MNT - Mongolian Tugrik ()
RWF - Rwandan Franc (RF)
1 MNT1 RWF

Currency conversion rates from MNT to RWF

MNTRWF
1 MNT1 RWF
5 MNT5 RWF
10 MNT10 RWF
20 MNT20 RWF
50 MNT50 RWF
100 MNT100 RWF
250 MNT250 RWF
500 MNT500 RWF
1000 MNT1000 RWF
2000 MNT2000 RWF
5000 MNT5000 RWF
10000 MNT10000 RWF
RWFMNT
1 RWF1 MNT
5 RWF5 MNT
10 RWF10 MNT
20 RWF20 MNT
50 RWF50 MNT
100 RWF100 MNT
250 RWF250 MNT
500 RWF500 MNT
1000 RWF1000 MNT
2000 RWF2000 MNT
5000 RWF5000 MNT
10000 RWF10000 MNT

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)


RWF - Rwandan Franc (RWF)

Rwandan Franc

The Rwandan Franc (RWF), is the authorized tender utilized in Rwanda. The Rwandan Franc is subdivided into a hundred centimes. Banknotes and coins are both used as legal tender for the country.

The Rwandan Franc is the currency in Rwanda (RW, RWA). The symbol for RWF can be written RF. The Rwandan Franc is divided into 100 centimes. The exchange rate for the Rwandan Franc was last updated on May 24, 2019 from Yahoo Finance. The RWF conversion factor has 5 significant digits.

Economy

  • Rwanda is a very agricultural-based country with about seventy percent of the inhabitants engaged in farming. Major exports are tea and coffee.
  • Despite being land-locked with a high population and minimal resources and industry, Rwanda has been able to make significant progress in rehabilitating and stabilizing its economy.
  • The Rwandan economic system relies heavily on farm production of small, semi-subsistence, and fragmented farms.
  • By 1994, farm size was was typically less than 1 hectare, whilst inhabitant’s density was greater than 450 individuals per square kilometer.

History

  • The Franc became the foreign money of Rwanda in 1916, when Belgium captured the German territory and switched the German East African Rupee for the Belgian Congo Franc.
  • Rwanda utilized the Belgian Congo Franc until 1960, when the Burundi and Rwanda Franc was introduced.
  • Rwanda commenced issuing the Rwandan Franc in 1964.
  • In 1964, banknotes of the Rwanda and Burundi Bank of Emission were overstamped for Rwanda usage only.
  • In 1969, aluminum 1 franc coins were launched. In 1970, 2 and ½ francs were also added in aluminum.
  • Brass 50 and 20 francs were launched in 1977.
  • There is a plan to launch a standard currency, a modern East African Shilling, for 5 East African countries at the start of 2012.

More information about RWF - Rwandan Franc (RWF)