Sunday, May 19, 2013

Mongolian money: төгрөг ( tögrög )

Hello Everyone!

Rochelle here. Sorry we haven't posted in a while! We've been pretty busy here since getting back from South Korea. I got a full-time job teaching English, which I will describe more in another post. It's been hard to adjust from being jobless for 6 months (and before that working part time for about a year) to working full-time again. I prefer working part-time, no doubt! Especially because I am also taking a few online classes right now. 

Here is a fun post about Mongolian money, which is called the tögrög.

Presently, Mongolia has only paper money. The coins are no longer in circulation as currency because they are of negligible value. The exchange rate for the US dollar is $1=1,433


The front of the following bills have a portrait of Sukhbaatar, meaning "axe hero". He is known as the "Father of Mongolia's Revolution." He was a founding member of the Mongolian People's Party, a military leader during the Outer Mongolian Revolution of 1921, and one of the most important figures in Mongolia's struggle for independence.
₮ 1 
₮ 5
10
₮ 20
₮ 50
₮ 100

The front of the following bills have a portrait of Chinggis Khan, the founder and Great Khan of the Mongol Empire, the largest contiguous empire in history! Mongolians regard him as the founding father of Mongolia. He had a huge influence on our modern world, and if you are interested in learning more about him there is a book called "Genghis Khan and the Making of the Modern World" by Jack Weatherford that is a good read.
₮ 500
₮ 1,000
₮ 5,000
₮ 100,00
₮ 20,000   
http://www.atsnotes.com/catalog/banknotes-pictures/mongolia/mongolia-62.JPG

A few close ups 10,000- Chingis Khan
 http://www.namnewsnetwork.org/v3/countrypics/mongolia_money.gif



10- Sukhbaatar
http://www.banknotes.com/MN54.JPG

I like all the different colors of the money here! Some of the really small bills (1 through 50) are smaller that the rest. I find it really hard to read the numbers on the front of the bills, but they are easier to see on the back.

As you may have noticed, the backsides of Mongolian money have various pictures reflecting natural beauty, historical events of Mongolia, the state flag, the Emblem "soyombo" and national ornaments.
The symbol of Soyombo is present in all the banknotes of Mongolian money, it is the national symbol of Mongolia. 
 
The following is taken from Wikipedia: 
The elements in the symbol are given the following significance (from top):
  • Fire is a general symbol of eternal growth, wealth, and success. The three tongues of the flame represent the past, present, and future.
  • Sun and moon symbolize that the Mongolian nation will exist for eternity as the eternal blue sky.
  • The two triangles allude to the point of an arrow or spear. They point downward to announce the defeat of interior and exterior enemies.
  • The two horizontal rectangles give stability to the round shape. The rectangular shape represents the honesty and justice of the people of Mongolia, whether they stand at the top or at the bottom of society.
  • The arga-bilge (Yin-yang) symbol illustrates the mutual complement of man and woman. In socialist times, it was alternatively interpreted as two fish symbolizing vigilance, because fish never close their eyes.
  • The two vertical rectangles can be interpreted as the walls of a fort. They represent unity and strength, relating to a Mongolian proverb: "The friendship of two is stronger than stone walls."
 

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