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World Travel Guide > Guides > Asia > Mongolia

Money and duty free for Mongolia

Currency and Money

Currency information

The official currency of Mongolia is the Tögrög or Tugrik (MNT; symbol ₮). Notes are in denominations of ₮20,000, 10,000, 5,000, 1,000, 500, 100, 50, 20 and 10. Coins are in denominations of ₮500, 200, 100, 50 and 20.

Credit cards

Credit cards are accepted by main commercial banks, large hotels and a few shops and restaurants in Ulaanbaatar. ATMs are available in Ulaanbaatar and most Mongolian province (aimag) capitals. Both Visa and Mastercard are widely accepted.

ATM

ATMs are available in Ulaanbaatar and most Mongolian province (aimag) capitals.

Travellers cheques

Traveller's cheques are not widely used now; it is better to use cash or credit cards.

Banking hours

Mon-Fri 0900-1700.

Currency restrictions

There are no restrictions on the import of local and foreign currencies, provided they are declared on arrival. Local and foreign currencies can be exported up to the amount imported and declared.

Currency exchange

Official organisations authorised to exchange foreign currency include commercial banks in Ulaanbaatar and bureaux de change found along the streets and in hotels. Rates vary slightly and are likely to be lower in hotels. The easiest currency to exchange is the US Dollar, followed by the Euro and the Russian Rouble.

Mongolia duty free

Overview

The following goods may be imported into Mongolia by travellers over the age of 18 without incurring customs duty:

• 200 cigarettes and 50 cigars and 250g of tobacco.
• 1L of spirits and 2L of wine and 3L of beer.

Banned Imports

Pornography, hazardous chemicals, explosives, and firearms, ammunition, as well as substances containing narcotics and other psychoactive ingredients. You may also need to declare if you have archaeological artefacts, ancient books and manuscripts, as well as electronic goods.

Banned Exports

Archeological or palaeontological artifacts, sample of animals or plants, firearms. It has been reported that you cannot export goods worth more than US$500 in value. If you plan to export items of historical or cultural value (eg antiques or fossils), you must ensure you have official permission.