Convert Omani Rial to Mongolian Tugrik
Please provide values below to convert Omani Rial [OMR] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Omani Rial.
How to Convert Omani Rial to Mongolian Tugrik
1 OMR = 0.000108318134050128 MNT
Example: convert 15 OMR to MNT:
15 OMR = 15 × 0.000108318134050128 MNT = 0.00162477201075192 MNT
Omani Rial to Mongolian Tugrik Conversion Table
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Omani Rial
The Omani Rial (OMR) is the official currency of Oman, used for all monetary transactions within the country.
History/Origin
The Omani Rial was introduced in 1970, replacing the Gulf rupee at par, and has since been the standard currency of Oman, with its value stabilized through pegging to the US dollar.
Current Use
The Omani Rial is widely used in Oman for everyday transactions, banking, and trade, and is subdivided into 1000 baisa.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.