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25 000 Tögrög Magnificent Argali

Issuer Bank of Mongolia (Mongol Bank)
Year 2022
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Obverse description The obverse features the emblem of the Central Bank of Mongolia (Mongol Bank) at center, surrounded by the denomination and issuer inscriptions. The field is decorated with an intricate geometric pattern of traditional Mongolian ornamental motifs. The date 2022 and fineness specifications appear within the legend. Script appears in Latin, Cyrillic, and traditional Mongolian vertical script.
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Reverse description The reverse presents a highly detailed, naturalistic portrait of a Magnificent Argali (Ovis ammon) ram in close-up, rendered in high relief. The foreground features the ram's head in three-quarter view facing left, with its massive, deeply ridged spiral horns dominating the upper field. In the background to the left, a second Argali is depicted in incuse side profile, its body stylized with traditional Mongolian decorative linear patterning. The interplay between the naturalistic foreground figure and the stylized background creates a striking sculptural composition filling the entire coin field.
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Additional information

The argali (Ovis ammon) is the world's largest wild sheep and holds protected status in Mongolia under national conservation law, yet trophy hunting permits — controversially — remain available to foreign hunters willing to pay fees that channel funds back into wildlife management programs. The arrangement has been contentious for decades, drawing criticism from international conservation groups while Mongolian authorities defend it as pragmatic habitat funding.

KM#443 belongs to a broader Mongol Bank bullion and commemorative program that accelerated sharply after 2010, partly driven by demand from Chinese collectors across the southern border.

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