Convert Solomon Islands Dollar to Mongolian Tugrik
Please provide values below to convert Solomon Islands Dollar [SBD] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Solomon Islands Dollar.
How to Convert Solomon Islands Dollar to Mongolian Tugrik
1 SBD = 0.00232144495094949 MNT
Example: convert 15 SBD to MNT:
15 SBD = 15 × 0.00232144495094949 MNT = 0.0348216742642424 MNT
Solomon Islands Dollar to Mongolian Tugrik Conversion Table
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Solomon Islands Dollar
The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, used for all monetary transactions within the country.
History/Origin
The Solomon Islands Dollar was introduced in 1977, replacing the Australian dollar at par, to establish a distinct national currency following independence from British rule.
Current Use
The SBD is widely used in the Solomon Islands for everyday transactions, banking, and trade, and is pegged to a basket of currencies to maintain stability.
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.