1000 Tögrög

Thomas De La Rue's involvement with Mongolian currency printing goes back several decades, and this series — issued across the tumultuous post-Soviet transition years — reflects the monetary instability Mongolia faced after abandoning the fixed-rate tugrik system tied to COMECON trade. Inflation ran at over 300% in 1993, the year this denomination entered circulation, which meant a 1000-tögrög note was losing real value faster than the ink dried.

The cotton substrate and De La Rue's standard two-feature security package were modest by the printer's own capabilities at the time, suggesting budget constraints in the commission.