The USD exchange rate at some commercial banks in Mongolia is now equal to 1,950 MNT. However, the USD rates at Naiman Sharga currency exchange market are 1,941 MNT.
Since the new year, the exchange rate has increased steadily and the monetary policy committee of Mongol Bank organized a meeting and decided to raise its policy rate by 1.0 percentage points to 13 percent.
In the case that foreign investment does not increase and the flow of foreign currency to the economy does not recover, the USD exchange rate is expected to reach 2,500 MNT by the end of this year.
COMPARISON OF EXCHANGE RATES
Golomt Bank | 1,924.00 | 1,939.00 |
TDB | 1,922.00 | 1,939.00 |
Khaan Bank | 1,925.00 | 1,939.00 |
Khas Bank | 1,924.01 | 1,939.01 |
State Bank of Mongolia | 1,920.00 | 1,942.01 |
Capital Bank | 1,925.00 | 1,943.00 |
Credit Bank | 1,922.01 | 1,946.00 |
Capitron Bank | 1,920.00 | 1,950.00 |