Mongol Bank on Thursday sold USD 66.35 million in a foreign currency auction at a rate of MNT 1,414. The amount was 78.7 percent of the tendered amount.

Mongol Bank holds foreign currency auctions on Tuesdays and Thursdays, with banks licensed in Mongolia eligible to participate. 

Mongol Bank says it works to openly deliver information. But critics say the bank did not provide the public with information about the participants in the foreign currency auction that took place on December 27, 2010. Only the closing rate was made available to the public.