Types / 1993
20 Möngö, Mongolbank
Монгол Улс — 20 мөнгө
What was happening
Twenty möngö is a fifth of a tögrög, and this orange note belongs to the 1993 series — the first money of post-communist Mongolia. After the single-bank Soviet model was dismantled and Mongolbank re-established as the central bank in 1991, the new denominations were ordered from Thomas De La Rue in London, who delivered a set that replaced every Marxist-Leninist symbol with emblems of Mongolian nationhood.
The note is printed vertically. One face shows the Soyombo sovereignty emblem with the classical vertical Mongolian script; the other depicts two Naadam wrestlers locked in the bökh grip, wrestling being the central and most prestigious of the "three manly sports" at the annual Naadam festival. As with all the möngö, the denomination lost its meaning as prices climbed through the 1990s, and the notes were hoarded or collected far more than they were ever spent.