USD exchange rate still on the rise - News.MN

USD exchange rate still on the rise

Old News! Published on: 2015.02.04

USD exchange rate still on the rise

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Commercial banks are offering USD exchange rates at 1,953 MNT. However, rates at Naiman Sharga currency exchange market are 1,949 MNT. The official USD exchange rate of Mongol Bank is 1,950 MNT.

Analysts say that due to the 74 percent decrease in foreign investment and decreased revenue from mineral resources, the inflow of USD to the domestic market has dramatically decline.  Economists warn that if appropriate measures are not taken to increase the inflow of USD to the domestic market, the USD exchange rate will reach 2,500 MNT.

 

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