As of Friday (2022.10.28), the exchange rate of Mongolia’s national currency the Tugrik against the U.S. dollar has weakened by 18 percent year on year.

The exchange rate of the U.S. dollar against the Tugrik is at 3,383.20 on Friday.

The depreciation is largely related to higher imports that led to the outflow of dollars.

Mongolia’s total imports were worth 6.4 billion dollars in the first three quarters of this year, up 24 percent year on year.