Banknotes of Mongolia

The official currency of Mongolia is the tögrög, issued by the Bank of Mongolia since 1925. Paper money was first introduced in the country that same year, replacing the Russian ruble. In 1993, Mongolia underwent a significant redenomination where one new tögrög was exchanged for 1,000 old tögrögs, a measure enacted to combat hyperinflation. Collectors are drawn to Mongolia's banknotes for their vibrant colors and unique designs, particularly the series introduced in 1995. This series incorporated enhanced security features and showcased important cultural symbols, such as the majestic steppe and traditional yurts. The imagery highlights Mongolia's landscape and historical figures, making each note a collectible piece of the nation’s identity.