Ulaanbaatar
BoM holds FX auction
Daily FinanceUlaanbaatar /MONTSAME/ The Bank of Mongolia (BoM) conducted a ForEx auction on Thursday. For spot trade, commercial banks bid MNT1950.00-1955.00 for USD1.6 million, asked MNT 1968.00 for USD 3.0 million and bid MNT296.11-296.80 for CNY 7.0 million respectively. The Bank did not accept any offers.
As for swap and forward trade, the BoM received the bid offers of USD 105.0 million of MNT swap agreement and bid offers of USD26.5 million of USD swap agreement from commercial banks. The BoM accepted all of the bid offers.
