Mongolia’s foreign exchange  reserves have exceeded USD 4 billion again, said Minister of Economy and Development Ch.Khurelbaatar.

The country’s forex reserves stood at USD 4.124 billionat the end of September, the third straight monthly rise.

Due to the deepening of a current account deficit caused by external and internal economic conditions, the country’s forex reserves had shrunk to 2.695 billion dollars at the end of August 2022, hitting the lowest level since 2017, according to the country’s central bank.

The country’s forex reserves hit an all-time high of 4.892 billion dollars at the end of April 2021.