Ulaanbaatar
BoM holds FX auction
Daily FinanceUlaanbaatar /MONTSAME/ The Bank of Mongolia (BoM) held a FX auction on Wednesday. Spot trade: On the Foreign Exchange Auction held on September 1st, 2016, local commercial banks asked USD49.8 million in a rate between MNT2186.00-2223.00 and bid offers of CNY0.5 million in a rate of MNT323.10 and asked CNY8.0 million in a rate between MNT330.00-331.00. The BOM has received bid offers of USD49.8 million in a rate of MNT2223.00.
Swap and forward trade: The BOM has received MNT Swap agreement bid offer equivalent to USD38.3 million and USD Swap agreement bid offer equivalent to USD20.3 million from local commercial banks and the BOM accepted the offers.
