Preliminary Balance of Payment for AugustEconomy
Ulaanbaatar /MONTSAME/ Current account totaled to USD 31.5 million deficit which is 85% or USD 181.1 million decline compared to the same period of the previous year. The change was mainly due to decrease of USD 249.3 million or 37% in income account deficit.
Capital and financial account had surplus of USD 195.2 million which is declined by USD 356.1 million or 65% compared to the same period of the last year. The change was mainly due to decrease of financing for portfolio investment and currency and deposit. The notable change in direct and other investment accounts was that OT refinanced its intercompany loan through commercial loan, reports the Bank of Mongolia.