Mongolia Business and Mongolian Daily Business News

Consumer Price Index (CPI) of August, 2009 was decreased by 0.6% in comparison to the previous month and was increased by 2.2% from the end of last year. According to Mongol Bank (Central Bank of Mongolia), Money Supply (M2) is 2564.0 billion MNT at the end of August which is an increase of 54.2 billion MNT or 2.2% from the previous month. This is also 12.8 billion MNT or 0.5% less than the same time last year.

Money in circulation reached 384.1 billion MNT, increased by 33.5 billion MNT or 9.5% from the previous month but was decreased by 11.5 billion MNT or 2.9% if compared to the same period last year. Outstanding debt loaned out to individuals, organizations and businesses was calculated at 2558.8 billion MNT. Insecure loans reached 355.1 billion MNT which is making up 13.7% of all outstanding debt and was increased by 2.2 billion MNT or 0.6% if compared to the previous month.

21 Stock trades were held in August and 2.6 million shares were traded which is worth 1.1 billion MNT in value. In comparison to the previous month, Stock trades were increased by 564.6 thousand units or 27.3% but was decreased by 34.7 million units or 14.2 fold if compared to the same period last year. Total state budget revenue for August was 1137.9 billion MNT and total cost or loans to repay was calculated at 1472.4 billion MNT bringing the budget deficit to 334.5 billion MNT. Budget deficit was increased by 338.2 billion MNT in comparison to the same period last year.

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