What is Mongolian Currency?

The official currency is the Tugrug (MNT=₮). Denominations come in 20.000₮, 10.000₮, 5.000₮, 1.000₮, 500₮, 100₮, 50₮, 20₮ and 10₮. The official exchange rate at this time (December 2015) is 1.995  to 1 U.S dollar. Visitors are advised to carry credit cards - Visa, MasterCard, American Express and Union Pay-- and traveler's checks that can be accepted by most hotels and major stores and can be exchanged for cash of MNT.