Mongolian Tugrik
a.k.a. MNT, Togrog
Mongolia's currency, whose fortunes ride on mining exports and demand from China.
In plain English
Mongolia's currency, whose fortunes ride on mining exports and demand from China.
The Mongolian tugrik (MNT) is Mongolia's money. The country digs up copper and coal and sells most of it to China, so the tugrik tends to strengthen when Chinese demand and commodity prices are strong and sag when they cool. It is rarely traded outside the region.
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