On Tuesday, 8^th of November, the US dollar exchange rate hit  MNT 2430 in the commercial banks. The US dollar has been steadily rising against the national currency, the Mongolian tugrik, one of the results has been an automatic increase in the volume of foreign debt. Mongolia has lost control of the USD exchange rate. In August, the Central Bank of Mongolia increased its interest policy rate by 4.5% to restrict rolling on the exchange rate. In September, however, it launched a MNT 765.8 billion and 9% credit risk. A total of 37% of total credit risk was from mining sectors, which indicates that the main segment of Mongolia's economy has been working at a considerable loss.

The currency credit risk balance amounted for USD742.5  thousand and the tugrik credit risk balanced MNT 372.8 billion; thus, the total credit risk for  banks has reached MNT115.3 billion. The devaluation of the Mongolian tugrik has directly affected debt repayment.

Mongolia, indeed has problems: it must make debt repayments which are three times larger than annual GDP.  By the end of the year, the country  is required to repay a debt equivalent to 21% of GDP. On this occasion the stand-by programme of the International Monetary Fund (IMF) is much needed in Mongolia; sadly, it will not solve the whole of Mongolia's economic crisis in. The IMF has said that can give a maximum of  USD1.5 billion financial aid to Mongolia.