Money & Currency in Mongolia — What You Need to Know

Traveling in Mongolia is an unforgettable experience, and understanding the local money and payment systems will make your journey smooth and stress‑free. Whether you’re exploring the capital, venturing into nomadic territories, or heading deep into the Altai Mountains, this guide will help you manage your money with ease.

💰 Mongolian Currency — Tugrug (MNT)

The official currency of Mongolia is the Mongolian Tugrug, abbreviated as MNT. Prices throughout the country are typically shown in Tugrug, and banknotes come in a variety of colorful denominations.

💳 Using Bank Cards & ATMs

In Cities

Ulaanbaatar and larger towns like Ulgii and Khovd have reliable ATMs where you can withdraw Mongolian Tugrug.

Major credit cards (Visa, Mastercard) are accepted in many hotels, restaurants, and larger stores.

In Rural Areas

Outside major towns, credit card acceptance drops significantly.

ATMs may be limited or nonexistent — especially in nomadic regions and national parks.

💡 Tip: Always withdraw extra cash while you’re in a town before heading into the countryside.

💵 Best Practices for Cash

Always carry small denominations (1,000–20,000 MNT) for markets, buses, tips, and roadside purchases.

Keep cash in a money belt or secure pocket to protect it from loss or pickpockets.

Don’t rely on card payments in remote ger camps or local markets — cash is preferred almost everywhere outside the cities.

🔄 Currency Exchange

You can exchange major currencies (USD, EUR, CNY) at banks, exchange offices, or some hotels in Ulaanbaatar.

Rates vary slightly from place to place, so check the daily rate before you exchange.

Keep your exchange receipts, as some places require them for re‑conversion.

📱 Mobile Payments & E‑Wallets

In Ulaanbaatar, mobile payment apps and QR‑code payments are growing in popularity, especially among local merchants and younger travelers. However, these digital payment systems are not widespread in rural areas, so don’t rely on them when you’re outside the city.

💸 Tipping Culture

Tipping in Mongolia is appreciated but not required. In restaurants, small tips (5–10%) are common if service is good. Guides, drivers, and camp staff also appreciate tips for excellent service — it’s a great way to show your gratitude.

💡 Traveler Money Tips

• Plan ahead: Cash is king outside cities.
• Use ATMs early: Withdraw money before long treks or desert safaris.
• Protect your cards: Keep a backup card separate from your wallet.
• Watch exchange rates: Check rates daily if you’re exchanging cash.

🌟 Explore Altai & Your Travel Budget

At Explore Altai, we want your journey to be extraordinary — not stressful. We’ll help you understand costs, plan your budget, and make sure you’re prepared for every part of your Mongolia adventure. From meals and souvenirs to excursions and local experiences, we’ll guide you through it — every step of the way.

Have questions about money in Mongolia?

 

Just ask — we’re here to help you travel confidently and comfortably! 🇲🇳💰

Updating...