Posts Tagged ministry of education
The Ministry of Education, Culture and Science bought 52 pieces of coins which is with stamps and names of ancient khans and the first banknote which emitted in Yuan State period. Coin collector, chronologist and scientist B.Nyamaa bought these ancient rare coins and banknotes from an international auction. The banknote of Yuan State is very rare in the world and there is no banknote of Yuan State left in Mongolia. This is the first time that a joint venture between the Government and The Ministry of Education, Culture and Science bought historical documents.
Mongolia is considered to have created the first bank note in the world. The Yuan State’s banknote was created in 1287 by the order of Khubilai Khan. When there was an economical crisis, Khubilai Khan ordered to create the banknote which is equal to coins and this helped to limit the inflation. The banknote was written in Mongolian and Chinese and confirmed by the stamp of the Khan. Researchers said that this banknote costs over USD 200 thousand at the international auction. The coin collector B.Nyamaa also gave a precious collection of 52 pieces of ancient rare coins. This collection is with the stamps and names of 24 khans Ugudei, Guyeg, Munkh, Arigbukh and it is considered as very uncommon in the world.
The Minister of Education, Culture and Science, Yo.Otgonbayar, is spearheading the movement to revive the historical heritages of Mongolia. During the exhibition “Chinggis Khaan,” which was held in National Historical Museum, the banknote of Yuan State was brought in by invitation. Some people said “Why is such an important legacy not in Mongolia?” Head of the Culture’s Policy Department of the Ministry of Education Culture and Science, B. Naranzun said, “Coin collector, chronologist and scientist B.Nyamaa said “This is one of my precious collections. If the State wants to take my collection its own protection, I will give it by bargaining.” The council agreed on the price and the 52 coins were bought for 230 million MNT. The collection memorializes the fact that Mongolia published the first banknotes.