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the fp is money-duty-free

Money and duty free for Mongolia

Currency and Money

Currency information

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, but are not widely used.

Credit cards

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 accepted although credit and debit cards remain faster and more convenient. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars. Traveller's cheques can be difficult to exchange outside the capital.

Banking hours

Mon-Fri 0900-1300 and 1400-1800.

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

Prohibited and restricted imports include narcotics, hazardous chemicals, explosives, and firearms and ammunition.

Banned Exports

If you plan to export items of historical or cultural value (eg antiques or fossils), you must ensure you have official permission.