Mongolia's 1925 currency introduction was the first time the country had issued its own paper money as an independent state — the tögrög replaced the Chinese tael and a chaotic mixture of foreign currencies that had circulated under Chinese rule and during the revolutionary transition. The Goznak facility in Moscow was the natural choice for a Soviet-aligned state with no printing infrastructure of its own, and the entire founding series was produced there.
P#11 is among the higher denominations of that inaugural issue, making circulated survivors relatively uncommon. The 1925 series was not replaced until 1939.
Mongolia's 1925 currency introduction was the first time the country had issued its own paper money as an independent state — the tögrög replaced the Chinese tael and a chaotic mixture of foreign currencies that had circulated under Chinese rule and during the revolutionary transition. The Goznak facility in Moscow was the natural choice for a Soviet-aligned state with no printing infrastructure of its own, and the entire founding series was produced there.
P#11 is among the higher denominations of that inaugural issue, making circulated survivors relatively uncommon. The 1925 series was not replaced until 1939.