Ulaanbaatar
BoM holds FX auction
Daily FinanceUlaanbaatar /MONTSAME/ During the Foreign Exchange Auction held May 26, commercial banks bid MNT1989.50-MNT1994.00 for USD1.9 million and MNT303.00-MNT303.20 for CNY4.5 million and asked MNT1997.81-MNT1997.83 for USD8 million and MNT304.70 for CNY0.65 million. The BOM did not accept any offers.
On the May 26th, 2016, commercial banks bid for USD21.7 million of MNT swap agreement and asked for USD25 million of USD swap agreement. The BOM accepted both offers.
