The exchange rate of Mongolia’s national currency, the Tugrik, against the U.S. dollar has been depreciating faster in recent days. According to the Central Bank of Mongolia’s exchange rates published on 24 September, the Mongolian tugrik stood at MNT 2530 against the US dollar, its lowest since March. The exchange rate was 2,490 a week ago.

The depreciation was directly related to higher imports and seasonal business activities that has led to the outflow of dollars said experts.

The Central Bank of Mongolia sets and announces official foreign currency exchange rates each day.