Ulaanbaatar
BM holds FX auction
Daily FinanceUlaanbaatar /MONTSAME/ On the foreign exchange auction of Tuesday, the Bank of Mongolia (BoM) received bid offers of USD 12.0 million at a weighted average bid rate of MNT 2,492.06 and CNY 78.0 million at a weighted average bid rate of MNT 358.09 from local commercial banks.
The BoM sold USD 6.2 million at a closing rate of MNT 2,498.00 and CNY 78.0 million at a closing rate of MNT 352.00, respectively.
The same day, the BoM received MNT Swap agreement bid offer equivalent to USD 1.0 million from local commercial banks. However, the BoM has not accepted their offers.
