Ulaanbaatar
BM holds FX auction
Daily FinanceUlaanbaatar /MONTSAME/ On the foreign exchange auction held Thursday, the Bank of Mongolia (BoM) received buying bid offers of USD 33.0 million in a rate between MNT 2,037.00-2,042.00 and selling bid offers of CNY 2.0 million in a rate with MNT 315.36. The BoM did not accept any bid offers.
The same day, the BoM received MNT Swap agreement buying bid offers equivalent to USD 4.0 million, USD swap agreement selling bid offers equivalent to USD 20.0 million and MNT-CNY swap agreement buying bid offers equivalent to CNY 20.0 from local commercial banks respectively. The BoM accepted the MNT swap agreement buying bid offers of USD 4.0 million and MNT-CNY swap agreement buying bid offers of CNY 20.0 million and did not accept the USD swap agreement selling bid offers of USD 20.0 million.
