On January 10, Mongol Bank held a foreign currency auction, selling USD 5.5 million at a rate of MNT 1,410 to one U.S. dollar.

Banks tendered to sell USD 2.5 million and to buy USD 5.5 million. The amount sold was 100 percent of the tendered amount.

Mongol Bank holds foreign currency auctions on Tuesdays and Thursdays, with banks licensed in Mongolia eligible to participate. It held its previous foreign currency auction on January 5.