Ulaanbaatar
Time deposit increases by MNT750.3 billion
Economy
Ulaanbaatar/MONTSAME/.
At the end of February 2020, the national currency in circulation reached MNT
966.4 billion, increased by MNT 112.3 billion (13.1%) from the same period of the
previous year. The current account reached MNT 2.9 trillion, increased by MNT
26.2 billion (0.9%) and currency outside depository corporations reached MNT 625.7
billion, increased by MNT 48.6 billion (8.4%) from the same period of the previous
year.
At the end
of February 2020, the time deposit in domestic currency amounted to MNT 10.9
trillion, increased by MNT 108.4 billion (1.0%) from the previous month and by
MNT 750.3 billion (7.4%) from the same period of the previous year.
The
composition of the total time deposit in domestic currency shows that 86.2
percent (MNT 9.4 trillion) were individual deposits and 13.8 percent (MNT 1.5
trillion) were corporations’ deposits.
The time
deposits in foreign currency amounted to MNT 3.7 trillion, increased by MNT
96.7 billion (2.7%) from the previous month and by MNT 616.2 billion (20.3%)
from the same period of the previous year.
Source: National
Statistics Office of Mongolia
