Ulaanbaatar
Preliminary Balance of Payments for June, 2016
Daily FinanceUlaanbaatar /MONTSAME/ Current account totaled to USD 93.6 million deficit which is 65% or USD 171.6 million decline compared with the same period of the previous year. The change was mainly due to increase of USD 146.9 million or 21% in goods account surplus, and decrease of USD 138.9 million or 26% in income account deficit, reports the Bank of Mongolia (BoM).
Capital and financial account had surplus of USD 178.4 million which has declined USD 179.4 million or 50% over the past year. Although foreign direct investment increased by 65.2 million, the decline mainly reflected decrease of USD 162.9 million in portfolio investment surplus and the increase of USD 71.6 million in other investment deficit.
