BoM calls to trade with neighbors in their national currency

2018-10-19 12:54:05

Ulaanbaatar /MONTSAME/ At the time when Tugrug, Mongolian national currency weakened against the USD with 5.5 percent, but strengthened against CNY and RUB, the Bank of Mongolia (BoM) believes that Mongolia should trade with the neighbors in their national currency instead of USD.

Governor of the BoM N.Bayartsaikhan noted to the MPs thatan institution responsible for foreign trade, its analysis, policy and relevant measures is needed as foreign trade has great impact on our economy.

His proposal was supported by MP D.Erdenebat and he asked the Government to inspect and make conclusion regarding this matter.