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Most banks and the larger hotels in Ulaanbaatar will be able to change the major currencies, although US Dollars are the most widely accepted.

The facilities available for changing money, cashing traveler’s cheques, but obtaining cash advances on credit cards and transferring money are limited, although available. The normal banking hours are 9 am - 1pm and 2- 4pm although there are variations. American Express Travelers Cheques are the most widely accepted along with VISA, MasterCard and American Express Credit Cards. There are a few places other than banks that are able to change money, but visitors are advised to be careful of their money and possessions, visiting such places. If you have US dollars in cash, you can get better rates of exchange from the licensed money changers. A number of different currencies can be exchanged. Ask your guide or driver for the best money exchange places.

In the Provincial centers, you'll certainly find at least one bank, but they will not be able to accept credit cards or traveler’s cheques. They may be able to change US Dollars but the exchange rate will be a lot lower than that available in the capital.

Following are some banks and money changers, located in the center of Ulaanbaatar.

BANK OF MONGOLIA, Khudaldaanii Gudamj - 6
Telephone: (976-11) 322166. Fax: (976-11) 311471.
Opening Days/Times: Monday to Friday 9am – 1pm and 2pm – 6pm

GOLOMT BANK, Sukhbaatar Square.
Telephone: (976-11) 311530; 327812; 311971.
Fax: (976-11) 312307.
Opening Days/Times: Monday to Friday 9am – 4pm

ANOD BANK, Khudaldannii Gudamj.
Telephone: (976-11) 312412; Fax: (976-11) 313070.
Opening Days/Times: Monday to Friday 9am – 1pm and 2pm – 5pm

SAVINGS BANK, Khudaldaa Street.
Telephone: (976-11) 327467; 311966; 327329.
Fax: (976-11) 310621; 320057.
Opening Days/Times: Monday to Friday 9am – 1pm and 2pm – 6pm

TRADE AND DEVELOPMENT BANK, Khudaldaa Street. Telephone: (976-11) 312363. Fax: (976-11) 325449.
Opening Days/Times: Monday to Friday 9am – 12:30pm and 2pm – 3:30pm

ULAANBAATAR BANK, Baga Toiruu -15.
Tel: (976-11) 312155. Fax: (976-11) 325017.
Opening Days/Times: Monday to Friday 9am – 1pm and 2pm – 4pm

MONGOL POST BANK, Central Post Office.
Tel: (976-11) 310993/310603. Fax: (976-11) 312351.
Opening Times: Monday to Friday 9am – 1pm and 2pm – 6pm

INNOVATION BANK, Huvisgalchid Street 5-1.
Tel: (976-11) 312531. Fax: (976-11) 310833.
Opening Times: Monday to Friday 9am – 1pm and 2pm – 4pm

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