Saturday, September 18, 2021

Money & Shopping in Mongolia

AsiaMongoliaMoney & Shopping in Mongolia

Currency

Mongolian currency is the tögrög, tugrik, tôgrôg, tugrug, or togrog (Mongol: тp, sign: MNT), ISO 4217 international currency code. The letters “tg” or “T” may also be seen.

MNT1, 5, 10, 20, 50, 100, 500, 1,000, 5,000, 10,000, and 20,000 banknotes are in circulation.

Tipping

Tipping is seldom required in Mongolia, with the exception of tourism-related services such as tour guides. Waiters, taxi drivers, and hotel staff do not demand gratuities. Taxis may sometimes try to overcharge you by refusing to return your change, but this has nothing to do with gratuities. Service fees are often added to the bill at some of the city’s better restaurants and hotels, particularly for bigger parties.

Shopping

Mongolian cashmere is often regarded as the finest in the world, so look for clothing and blankets in one of the numerous cashmere shops.

Mongolia’s copper mines, Erdenet and Oyu Tolgoi, are world-famous. Copper bookmarks are excellent souvenirs, and you can readily buy them at Ulaanbaatar tourist stores for $1.

Many gift stores in Ulaanbaatar sell Kazakh Embroideries produced in lgii utilizing traditional Kazakh patterns.
Mongolian paintings by local artists are great investments.
Erdenet has feel poker-work available.

Taking antiquities out of the nation without a specific permission is prohibited.

Narantuul (“The Black Market”), Ulaanbaatar’s massive open-air market, provides the best deals on just about everything. Be wary of the many pickpockets and even assailants in the area. This is a fantastic place to go if you’re looking for a nice pair of riding boots. You may choose from a range of Mongolian designs, ranging from opulent to utilitarian, or invest in a nice pair of Russian-style boots.