Term deposits in foreign currency rise by 58.6 percent from previous year

Economy
unurzul@montsame.gov.mn
2020-09-15 12:29:11

Ulaanbaatar/MONTSAME/. The national currency in circulation reached MNT 928.2 billion at the end of August 2020 increased by MNT 1.9 billion (0.2%) from the previous month, and MNT 2.5 billion (0.3%) from the same period of the previous year.

At the end of August 2020, the time deposit in domestic currency amounted to MNT 11.2 trillion, increased by MNT 1.3 billion (0.01%) from the previous month, and increased by MNT 383.4 billion (3.5%) from the same period of the previous year.

The composition of the total time deposit in domestic currency shows that 89.7 percent (MNT 10.1 trillion) were individuals deposits and 10.3 percent (MNT 1.2 trillion) were entities deposits.

The time deposits in foreign currency amounted to MNT 4.7 trillion, increased by MNT 74.0 billion (1.6%) from the previous month and MNT 1.7 trillion (58.6%) from the same period of the previous year.

 

Source: National Statistics Office