Fall of Mongolian Tugrik against US Dollar continues - News.MN

Fall of Mongolian Tugrik against US Dollar continues

Friday

2019/03/22

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

Fall of Mongolian Tugrik against US Dollar continues

According to the Central Bank of Mongolia’s exchange rates published on 10 January, the Mongolian tugrik stood at MNT 2,666.36 against the US dollar; this represents a fall of MNT 16 in the last four days.

As of 10.30 a.m., today (10 January), the exchange rate stood MNT 2670- MNT 2675 at the ‘Naiman Sharga’ market.

The Bank of Mongolia increased its foreign reserve to USD 3.4 billion and purchased 22 tonnes of gold in 2018. As a result of high commodity prices on international markets, Mongolia’s export revenue rose and the State Budget was positive for first time in last six years. However, Mongolia’s currency rate is continuing to fall against the US Dollar.

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