Mongolia's national currency is the Tugrik, available in banknotes of 1, 5, 10, 20, 50, 100, 500, 1.000, 5.000, 10.000 and 20.000 Tugriks. All banknotes feature the face of Genghis Khan or Sukhbaatar.

Exchange rates fluctuate constantly. As of January 1st, 2019, the rate was 1€ = 2900 MNT. There's no need to exchange euros for US dollars before arriving in Mongolia—European currency exchanges very well in Ulan Bator. Outside the capital and a few other major cities, it's impossible to use an international debit card or withdraw cash.

We recommend obtaining Tugriks as soon as you leave the capital. Visa cards are more widely accepted than Mastercard (accepted only at Golomt Bank – Ulan Bator). There's no point exchanging money at the airport or your hotel; your guide will take you to money changers offering better rates.

Mongolia, despite being a country with a very low standard of living, is relatively expensive for equipment, electronics, and agro-food products. The country has very low production levels and is heavily dependent on imports.

For your stay in Mongolia, we recommend bringing between 100 and 150 euros per person for personal expenses. In Ulan Bator, a meal at a good restaurant costs around 10 euros, and a beer (0.5 L) costs between 1 and 1.5 euros. Cashmere is a reliable purchase in the country. A sweater costs on average 50 euros, and a scarf 20 euros.