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10 000 Tögrög

Issuer Mongolyn Bank (Bank of Mongolia)
Year 1995
Type Standard circulation banknote
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Obverse description Central vignette of Chinggis Khaan (born Temüjin, c. 1162–1227) in portrait, flanked by a Paiza (Gerege) — a gilded tablet of authority issued to Mongol officials and envoys granting rights to demand goods and services from the civilian population. The National Coat of Arms of Mongolia appears alongside the portrait. Inscriptions are rendered in both traditional Mongolian script and Cyrillic.
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Reverse description Central intaglio vignette of the inner square of the ancient city of Kharkhorin (Karakorum), the former imperial capital of the Mongol Empire, with figures and traditional structures rendered in fine line engraving. The denomination numeral 10000 appears at left and right in guilloche-framed panels, with the issuer name МОНГОЛБАНК in vertical orientation at left and МОНГОЛ УЛС across the top. The year 1995 is printed in the lower-left margin.
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Mongolia's highest-denomination note at the time of issue, the 10,000 Tögrög emerged from a period of severe monetary stress following the collapse of Soviet subsidies in the early 1990s. Inflation ran at several hundred percent annually through much of that decade, and the note's face value — enormous by Mongolian standards in 1995 — reflected how rapidly purchasing power had eroded since the country's painful pivot to a market economy.

Thomas De La Rue produced the series at their London facility. The security package is relatively modest for a flagship denomination, which occasionally draws comment from specialists familiar with the inflationary pressures that made high-value notes necessary in the first place.

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