Balance of Payment as of first 10 months of 2016Economy
Ulaanbaatar /MONTSAME/ Current account and Capital and Financial account balance totaled to USD 453.9 million deficit which is 31% or USD 201.8 million decline compared to the same period of the previous year. The change was mainly due to decrease of USD 297.4 million or 35% in income account deficit.
Capital account had surplus of USD 443.3 million which is declined by USD 207.1 million or 32% compared to the same period of the last year. According to the interpretation of 6thedition of Balance of Payments manual, Mongolia has a net borrowing during this period, the Bank of Mongolia reports.