Savings in foreign currency increased by 20.3 percentEconomy
Ulaanbaatar /MONTSAME/ At the end of February 2020, the time deposits in foreign currency amounted to MNT 3.6 trillion, showing an increase of 20.3 percent from the same period of the last year. This was 2.7 times dynamic growth compared with growth of time deposit in domestic currency. These factors also affected to money supply growth.
In the reporting period, money supply rose by around 5 percent from the previous year, reaching MNT 20.5 trillion. Remaining debt from total loans provided to entities, corporations and individuals amounted to MNT 17.3 trillion at the end of February. This is an increased performance by 0.6 percent from the same period of the previous year.