10 000 Tögrög

Giesecke & Devrient's Leipzig facility has handled Mongolian banknote production across multiple series, and this high-denomination note continues that relationship. The 10,000 Tögrög sits at the top of the current circulation series — at the time of issue, worth roughly $3.50 USD, a reflection of the significant inflation the Tögrög has absorbed since the 1990s transition from a Soviet-aligned command economy.

Cotton substrate with watermark and security thread is a modest security specification for a top-denomination note in 2021, though Mongolia's relatively small economy and population limit the counterfeiting incentive that typically drives more elaborate protection.