100 Tögrög People's Revolution

Issued by Mongol Bank to mark the centennial of the 1921 Mongolian People's Revolution, which ended roughly two centuries of Qing and subsequent Chinese administration and installed one of the world's second-oldest communist governments — predating the Soviet Union's full consolidation and established with direct Comintern backing. Mongolia's revolutionary government was recognized by the USSR in 1921 but would not receive broad international recognition for decades, leaving the country in a prolonged diplomatic limbo that shaped its economic and monetary institutions well into the late twentieth century.