Ulaanbaatar
Foreign Exchange Reserves exceed USD 2 billion
Economy
- Exports of major export commodities, especially copper and coal prices have risen to the international commodity market and export of Mongolia reached to USD 4.313.1 million as of September 2017, up by 32.0 per cent compared to the same period of previous year, making the balance of payments surplus of USD201.9 million;
- Under the Extended Fund Program implemented jointly with the International Monetary Fund, investors' confidence in Mongolia has increased and the pressure on the economy has decreased. First funding from the agreed USD5.5 billion has been allocated.
- Mongolia has successfully issued new bond on international capital market, raising USD800 million with an interest rate of 5.625 per cent and maturity of 5.5 years. The funding was provided on November 02 and the official foreign exchange reserve surpassed USD2 billion
- Amount of gold to sell to BoM by citizens and companies has increased, reaching 16.8 tons as of October 24, up by 8 percent compared to the same period of last year;
- The Bank of Mongolia has extended its CNY15 billion swap agreement with the People's Bank of China for three years and it prevents Mongolia from risk concerning to external debt repayments until 2021.
B.Ooluun
