Foreign exchange reserves reach USD 4 billionEconomy
Ulaanbaatar /MONTSAME/ The Bank of Mongolia (BoM) presented the monetary and financial statistics of Mongolia on July 25.
BoM purchased a total of 7.5 tons of gold during the period from January 1 to July 24, 2019. Compared with the same period of the previous year, it shows a decrease of 14.5 percent.
As of July 2019, the Darkhan-Uul and Bayankhongor branches of the BoM bought a total of 412 kg and 268 kg of gold respectively.
The total purchase of 7.8 tons of gold increased the foreign exchange reserves by USD 259 million. Thus, the foreign exchange reserves of Mongolia reached USD 4 billion.