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3 Dollars

Issuer Mongolian People's Government
Year 1924
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Shape Rectangular
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Obverse lettering ᠪᠤᠰᠤᠳ ᠬᠦᠮᠦᠨ ᠳᠠᠭᠤᠷᠢᠶᠠᠨ ᠦᠢᠯᠡᠳᠪᠡᠰᠦ ᠬᠠᠤᠯᠢ ᠶᠣᠰᠣᠭᠠᠷ ᠢᠯᠠᠯᠤᠮᠤᠢ THREE DOLLARS
(Translation: Anyone who counterfeits will be prosecuted by law)
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Reverse lettering 3 DOLLARS ᠮᠣᠩᠭᠣᠯ ᠤᠯᠤᠰ ᠤᠨ ᠬᠦ ᠶᠢᠨ ᠮᠥᠩᠭᠥᠨ ᠦ ᠲᠡᠮᠳᠡᠭᠲᠦ ᠴᠠᠭᠠᠰᠤ᠂ ᠓ ᠲᠥᠭᠥᠷᠢᠭ᠂ ᠗ ᠨᠢᠭᠡᠪᠦᠷᠢ ᠴᠢᠨ᠂ ᠮᠣᠩᠭᠣᠯ ᠤᠨ ᠠᠷᠪᠠᠨ ᠨᠢᠭᠡᠳᠦᠭᠡᠷᠣᠨ ᠳᠤ ᠬᠡᠪᠯᠡᠨ ᠭᠠᠷᠭᠠᠪᠠᠢ᠂ ᠤᠯᠤᠰ ᠤᠨ ᠬᠦ ᠶᠢᠨ ᠪᠡᠯᠡᠨ ᠮᠥᠩᠭᠥ ᠪᠡᠷ ᠪᠠᠲᠤᠯᠠᠪᠠᠢ᠂ ᠰᠠᠩ ᠤᠨ ᠶᠠᠮᠤᠨ ᠤ ᠲᠡᠷᠢᠭᠦᠨ ᠰᠠᠶᠢᠳ ᠳᠠᠨᠽᠠᠨ᠂ ᠬᠦᠦ ᠶᠢᠨ ᠨᠢᠷᠪᠠ ᠳᠠᠪᠠᠭ᠎ᠠ᠂
(Translation: Mongolian State Treasury Paper Banknote, 3 Tögrög, each 7 mace, Printed in the 11th year of Mongolia, Guaranteed by State Treasury cash, Minister of Finance Dangzan, Treasury Keeper Davaa.)
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Comments

The Mongolian People's Government established its first national bank, the Mongolian Trade and Industrial Bank (Mongol bank), in 1924 — the same year this note was issued. The currency was denominated in dollars rather than any Mongolian unit, a pragmatic decision reflecting the dominance of Chinese silver dollars in regional trade at the time. A distinct Mongolian monetary identity came later.

The "R" suffix in the Pick reference denotes a remainder — unissued stock, never formally released into circulation. Remainders from this series survive in far better condition than circulated examples, which are exceptionally rare.

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