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.

Mon-Fri 0930-1230 and 1400-1500.