50 Tögrög

Mongolia's 1993 note series, of which this 50 Tögrög is part, was issued in the early years following the country's transition away from Soviet-era monetary arrangements. The Mongolian Tugrik had been tied to the Soviet ruble system; once that collapsed, Mongolbank moved quickly to establish a new independent note series with internationally credible production credentials. Thomas De La Rue was the natural choice — trusted by dozens of newly reconfigured central banks in the early 1990s.

The sole declared security feature is a watermark, which places this at the modest end of De La Rue's available specification range for the period.