1 Tögrög

The Mongolian People's Republic's currency in 1939 was printed entirely by Goznak in Moscow — an arrangement that reflected the MPR's near-total economic and political dependency on the Soviet Union during this period. The so-called Trade and Industry Bank was nominally Mongolian but operated under close Soviet oversight, and the printing contract with Goznak was never a matter of open commercial bidding.

P#14 belongs to the second major tögrög series, which replaced the first Soviet-era printings of the late 1920s. Notes from this 1939 issue circulated through the war years and well into the late 1940s before the next series superseded them.