Central Bank of Mongolia sells USD 615 million - News.MN

Central Bank of Mongolia sells USD 615 million

Central Bank of Mongolia sells USD 615 million

As of today (29 July), one US dollar is being sold for MNT 2844.58 at commercial banks,while one Euro for MNT 3331.29, and one Russian Rbl for MNT 39.51. The Mongolian Tugrik continues to fall against the US dollar, theChinese Yuan (CHY) and the Euro, however, is rising against the Russian Rbl.

The Central Bank of Mongolia reported that total of USD 615 million has been sold to exchange market in order to support short-term transactions of commercial banks. Furthermore, the bank is working to establish short-term swap agreements of the USD and MNT.

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