1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 318.421 MNT (Mongolian Tugrik). It is the official currency of Mongolia, which is a country located in East Asia bordered by China to the south and Russia to the north. The MNT (Mongolian Tugrik) is subdivided into 100 Mongos. The issue of the currency is controlled and monitored by the Central Bank of Mongolia, the Bank of Mongolia. The currency MNT was introduced on December 9, 1925 at par with Soviet Ruble. The MNT (Mongolian Tugrik) is also called as Mongolian Togrog.