Mongolia Banknotes Catalog

The history of banknotes in Mongolia reflects the economic and cultural evolution of this Asian country. From its first issues to the present day, Mongolian paper money has undergone several changes in design and denominations.

Current banknotes in circulation

The tugrik has been the official currency of Mongolia since 1925. Currently, banknotes in circulation include denominations of 1, 5, 10, 10, 20, 50, 50, 100, 500, 500, 1000, 5000, 10,000, 10,000 and 20,000 tugrik. These banknotes feature portraits of important historical figures, such as Genghis Khan, and elements of Mongolian culture and nature, including horses and steppe landscapes.

Ancient banknotes and relevant facts

The first Mongolian banknotes were issued in 1921, during the period of Autonomous Mongolia. In 1924, with the proclamation of the Mongolian People's Republic, a new series of banknotes was introduced. An important milestone was the 1993 currency reform, when banknotes were completely redesigned to reflect the country's new post-Soviet era. Since then, Mongolia has made several updates to its banknotes, incorporating more advanced security measures and designs that celebrate its unique cultural heritage.