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Mongolia is divided into 21 provinces or aimags (Mongolian: аймаг) and one provincial municipality. [1] Each aimag is subdivided into several districts. [2] [3] The modern provinces have been established since 1921. The capital, Ulaanbaatar, is governed as an independent provincial municipality separate from Töv Province, inside which it ...
The exchange rate for the single currency was set separately for each local issue of money. The exchange of the yuan of Inner Mongolia into the bank notes of the People’s Bank of China was made in 1951 at a ratio of 91⁄2: 1.
In 2010, the tögrög rose 15% against the US dollar, due to the growth of the mining industry in Mongolia. [3] However, its exchange rate eroded by 24% from early 2013 to June 2014 due to falling foreign investment and mining revenue.
The name Mongolia means the "Land of the Mongols" in Latin. The Mongolian word "Mongol" (монгол) is of uncertain etymology.Sükhbataar (1992) and de la Vaissière (2021) proposed it being a derivation from Mugulü, the 4th-century founder of the Rouran Khaganate, [13] first attested as the 'Mungu', [14] (Chinese: 蒙兀, Modern Chinese Měngwù, Middle Chinese Muwngu), [15] a branch of ...
A district (Mongolian: сум, ᠰᠤᠮᠤ, sum, pronounced; lit. "arrow"), is a second level administrative subdivision of Mongolia. The 21 provinces of Mongolia are divided into 330 sum. [1] On average, each district administers a territory of 4,200 km 2 (1,600 sq mi) with about 5,000 inhabitants, primarily nomadic herders.
The country of Mongolia is divided into 21 provinces (Mongolian: аймаг, aimag) and the capital (нийслэл, niislel) Ulaanbaatar. [1] [2] Secondary subdivisions outside Ulaanbaatar are called "sum" (сум, often transcribed as soum). In 2006, Mongolia had 331 sums. [3] Sums are further subdivided into bags (баг). While sums always ...
1.21% 18 Bulgan: 549,818.9 ... The following table is the list of the provinces of Mongolia by GDP in 2022 according to data by the National Statistics Office of ...
A joint Mongolian-Russian bank, called the "Trade and Industry Bank of Mongolia" (Bank of Mongolia) was opened on June 2, 1924 with head office in Urga and a single branch in Altanbulag. At that time, the bank's capital was 260000 yanchaan (the currency of the period). It operated with 22 employees, 18 of which were Russian specialists and 4 of ...