Tugrik (MNT). Notes are in denominations of MNT10,000, 5000, 1000, 500, 100, 50, 20, 10, 5 and 1. Coins are in denominations of MNT500, 200, 100, 50 and 20.

Official organisations authorised 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.

Accepted 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.

American 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, travellers are advised to take traveller's cheques in US Dollars. Traveller's cheques can be difficult to exchange outside the capital.

The import of local currency is limited to MNT815, provided declared on arrival. Bank certificates must be shown. The import of foreign currency is limited to US$2000 or equivalent. The export of local and foreign currency is limited to the amount declared on arrival.

Date	Jul 06
£1.00=	MNT2,130.65
$1.00=	MNT1,172.00

Mon-Fri 0930-1230 and 1400-1500.

The following goods may be imported into Mongolia without incurring customs duty:
200 cigarettes or 50 cigars or 250g of tobacco; 1l of vodka and 2l of wine and 3l of beer; personal effects; goods up to a value of US$1000.

Guns, weapons and ammunition without special permission; explosive items; radioactive substances; narcotics; pornographic publications; any publications, records, films and drawings critical of Mongolia; palaeontological and archaeological findings without special permission; collections of various plants and their seeds; birds and wild or domestic animals; wool, raw skins, hides and furs without permission from the appropriate authorities.

(a) Every tourist must fill in a customs declaration, which should be retained until departure. This allows for the free import and re-export of articles intended for personal use for the duration of stay. (b) Visitors intending to export antiques and fossils must have official permission. Some shops will supply the necessary documents upon purchase; otherwise, permission should be obtained from the Ministry of Enlightenment. (c) Goods to the value of MNT20,000 are allowed to be exported from Mongolia.