The currency of Mongolia is the Mongolian tögrög, often denoted by the symbol "₮". The tögrög has been the national currency since 1925 when it replaced the Mongolian dollar. It comes in both coins and banknotes, with various denominations reflecting the historical and cultural aspects of Mongolia. The currency is managed by the Bank of Mongolia, which oversees monetary policy and aims to stabilize the economy amidst changes in global markets and internal economic conditions. Understanding the tögrög's value is crucial for any financial dealings or travel within Mongolia.