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Country Guide > Asia > Mongolia | |
Currency Tugrug (Tg). Notes are in denominations of Tg10,000, 5000, 1000, 500, 100, 50, 20, 10, 5, 3 and 1. Coins are in denominations of Tg200, 100, 50 and 20. Currency exchange Official organisations authorised to exchange foreign currency include commercial banks in Ulaanbaatar and bureaux de change at certain hotels. The easiest currency to exchange is the US Dollar. Credit & debit cards Accepted by main commercial banks, large hotels and a few shops and restaurants in Ulaanbaatar. Credit card cash advances can be obtained at the Trade and Development Bank. Travellers cheques American Express Travellers Cheques are most widely accepted although Thomas Cook are accepted by the Trade and Development Bank. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars. Travellers cheques can be difficult to exchange outside the capital. Currency restrictions The import of local currency is limited to Tg815, provided declared on arrival. Bank certificates must be shown. The import of foreign currency is limited to US$2000 or equivalent. The export of local and foreign currency is limited to the amount declared on arrival. Exchange rate indicators The following figures are included as a guide to the movements of the Tugrug against Sterling and the US Dollar:
Banking hours Mon-Fri 0930-1230 and 1400-1500. |