Ulaanbaatar
Balance of Payments for Quarter 2 of 2016
Daily FinanceUlaanbaatar /MONTSAME/ Compared with the preliminary estimates of Balance of Payments (BOP) which were released on the July 29, 2016, the revised estimates show that current account deficit has increased by USD 54.9 million reached surplus of USD 148.5, whereas capital and financial account surplus has increased by USD 212.3 million reached surplus of USD 390.8 million. As a result, errors and omission have increased by USD 157.4 million.
These changes are subject to quarterly survey received from enterprises. Particularly, the increase is caused by the enterprises’ trade credits as well as foreign bank accounts changes, reports the Bank of Mongolia (BoM).
