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. Pickpockets can be a problem.
Shopping hours Mon-Sun 1000-1800 as a general
guide although times and days vary considerably.
Currency Information:CurrencyTugrik (MNT). Notes are in denominations of MNT10,000, 5,000, 1,000, 500, 100, 50, 20, 10, 5 and 1. Coins are in denominations of MNT500, 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.
Credit/Debit Cards and ATMsAccepted by main commercial banks, large hotels and a few shops and restaurants in Ulaanbaatar. Credit card cash advances can be obtained at the Trade and Development Bank.
Traveller's ChequesAmerican Express Traveller’s Cheques are most widely accepted although Thomas Cook Cheques are accepted by the Trade and Development Bank. 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 0930-1230 and 1400-1500.
Exchange Rate Indicators| Date | Apr 07 |
| £1.00= | MNT2,296.29 |
| $1.00= | MNT1,162.00 |
| €1.00= | MNT1,553.98 |
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