The Central Bank of Mongolia announced the introduction of the improved notes of MNT 50 and MNT 20,000 into the circulation on February 10 through commercial banks.
The notes introduced quite a few new security features against counterfeiting such as 3D security ribbons, color-changing ribbons, color-changing ink, micro-optic security thread, and tactile features for the visually impaired.
The new MNT 20,000 banknote also incorporates the Mongolian culture and traditional designs combined with state-of-the-art techniques. The old 20,000 MNT of 2006 will be withdrawn from circulation by March 1, 2020. The old note can be exchanged at the central bank, starting from March 1, 2020.