In
Ulaanbaatar, there are a few
duty-free shops and restaurants where convertible currencies are accepted. In all other shops, local currency must be used. The best buys include pictures,
cashmere garments,
camel-wool blankets, national
costumes,
boots, jewelry, carpets, books and
handicrafts. The notorious
black market on the outskirts of Ulaanbaatar is a large, crowded flea market which sells a huge variety of items. Suitable for the adventurous traveller, it is patronized mainly by local people.
Shopping hours Daily 1000-1800
as a general guide although times and days vary considerably.
Currency Information:CurrencyTugrik (MNT; symbol ₮). Notes are in denominations of ₮20,000, 10,000, 5,000, 1,000, 500, 100, 50, 20, 10, 5 and 1. Coins are in denominations of ₮500, 200, 100, 50 and 20.
Currency ExchangeOfficial organizations authorized to exchange foreign currency include commercial banks in Ulaanbaatar and bureaux de change at certain hotels. The easiest currency to exchange is the US Dollar and Russian Rouble. Chinese money is not welcomed.
Credit/Debit Cards and ATMsAccepted by main commercial banks, large hotels and a few shops and restaurants in Ulaanbaatar. ATMs are only available in Ulaanbaatar and may be used with credit/debit cards.
Traveller's ChequesTraveller's cheques are accepted. To avoid additional exchange rate charges, travelers are advised to take traveller's cheques in US Dollars. Traveller's cheques can be difficult to exchange outside the capital.
Banking HoursMon-Fri 0900-1300 and 1400-1800.
Exchange Rate Indicators| Date | Jan 09 |
| £1.00= | ₮1,894.82 |
| $1.00= | ₮1,290.00 |
| €1.00= | ₮1,725.15 |
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