Other

When replacing a hybrid vehicle battery in Mongolia, consider local options. There are reports that import taxes on vehicle parts, such as hybrid batteries, are significantly lower in Mongolia compared to Russia, making local procurement or replacement potentially more cost-effective.

The cost of vehicle insurance in Mongolia depends on the engine volume (объем двигателя). A previous report mentioned a cost of 2000 RUB in spring, implying smaller engines or older rates.

Insurance in Mongolia can be difficult to obtain. Travelers have reported being denied insurance in official offices. When insurance is obtained, it may lack clear terms and conditions regarding coverage amounts and responsibilities. It is advisable to be prepared for potential challenges in securing insurance and to understand the risks of traveling without it, especially in case of accidents or breakdowns where language barriers and financial constraints can exacerbate the situation.

Street currency exchange in Ulaanbaatar carries a high risk of fraud (e.g., being short-changed by 48,000 MNT). It is safer to use official exchange offices (конторные), which often provide better rates (e.g., 42.50-42.60 MNT/RUB in city center) and use money counting machines. Banks are unlikely to exchange Russian rubles. A known location for exchange kiosks is near the round stadium in Ulaanbaatar.

Currency exchange at Naiman Sharga in Ulaanbaatar for Rubles is possible, but official exchange booths often refuse Sberbank transfers. While some street money changers accept transfers, they are prone to miscounting or overcharging. Always count cash immediately before walking away.

Currency exchange scams are common in Mongolia (specifically in Ulgii and Ulaanbaatar's Naiman Sharga market). Staff may intentionally withhold 100k-200k MNT from the total. Always count money in front of the teller and prioritize exchange points that use automated counting machines.

To obtain a bank card in Mongolia, a visa application process is typically required first. Simple exchange of foreign currency for Mongolian Tugrik is possible, but opening a bank account and receiving a card usually involves a more formal application, potentially including visa processing.

Banks in Bayankhongor do not exchange Russian Rubles. The Russian store 'Oros Delyur' in the city center may offer exchange services for Russian Rubles. USD and EUR can typically be exchanged at banks.

Individuals in Ulaanbaatar are looking to exchange large amounts of Mongolian Tugrik for USDT (Tether) and vice versa, specifically requesting face-to-face transactions. They are interested in obtaining competitive rates and connecting with reliable exchange partners.

The e-barimt application in Mongolia allows users to claim VAT refunds on purchases. To use the app, a Mongolian mobile number, registration as a taxpayer (requiring a residential permit), and a Mongolian bank account are necessary. Data entry accuracy by the tax authority is crucial for functionality. Assistance with VAT refunds may also be available at larger retail stores by inquiring with staff ('VAT bucah heregtei').