Pickpockets may occasionally occur in places in the capital that are heavily frequented by foreigners. The streets of the capital are more dangerous at night. Unlicensed taxis charge exaggerated prices or allow accomplices on the way, who then rob the passengers. Greater caution is called for here. Otherwise, Mongolia is quite a safe travel destination.
The import of the national currency is forbidden, the carrying of foreign currency is allowed without limit, but is subject to declaration. Undeclared foreign currency may be confiscated upon departure. It is advisable to bring dollars or euros in cash or traveller’s cheques. Credit cards are not always accepted. Personal items may be imported duty-free (including 600 cigarettes and 2 litres of alcohol). Customs and foreign exchange declarations must be presented at the time of departure.
The national currency is freely convertible. It is recommended to exchange money only in banks or official exchange offices. In rural areas, it is often not possible to exchange foreign currencies. Sufficient local currency should therefore be exchanged in Ulaanbaatar before travelling inland.
In Ulaanbaatar it is possible to fix the local currency at ATMs with credit cards, sometimes also with Maestro cards, and in larger banks it is possible to withdraw money with credit cards. Large hotels, restaurants and shops frequented by foreigners (larger supermarkets, souvenir shops and cashmere shops) accept the usual credit cards.
The export of the national currency is prohibited, the carrying of foreign currency is allowed up to the amount declared at the time of entry. When exporting, the authorities often search for antiques, precious minerals, metals and hunting trophies. Hunters are allowed to bring in and out their personal hunting weapons, including ammunition.