Ulaanbaatar
Preliminary balance of payment in Feb 2016
EconomyUlaanbaatar /MONTSAME/ Current account amounted to the surplus of USD 84.9 million, increasing by 158% or USD 52.0 million compared to the same period of the last year.
The change was mainly due to decrease of USD 42.0 million or 35% in income account. Goods and services account surplus reached USD 142.6 million which was close to the last year’s level. This was primarily due to the set off for decrease of service deficit by decrease of goods surplus.
Capital and financial account had deficit of USD 147.4 million bringing the positive change of 42% or USD 108.0 million compared to the same period of the last year. The change was substantially due to the increase of foreign direct investment to the enterprises, reported the Bank of Mongolia on Wednesday.
