The Mongol Bank today revealed
that companies and individuals have sold 1,409 kg of gold to the bank up to
July 26. This is 440.5 kg or 1.4 times more than the corresponding figure from
last year. The Director of the Currency and Economics Board said foreign
currency reserve stood at USD2.5 billion at the end of June.

Mongolia’s foreign debt is USD4.1
billion. This is the first time the Central Bank has released the figure of
foreign debt.