Mongolia Business and Mongolian Daily Business News

The Bank of Mongolia attributes the current soaring of the US$ rate against the MNT to the few people who only pursue the short run benefits. MNT is the official currency in Mongolia. Breaching the law creates artificial demand in the market. RMB and US$ in the black market is less than 0.1% of the market reserve. The Bank of Mongolia informed that inspectors and officials are checking currency exchanges to ensure legitimacy by the Financial Regulatory Committee.

Related post

• MSE expands trading hours
• 1 trillion MNT is at halt
• Mongol Bank reduced its Interest rate by 1.25%
• Sales of houses and real estate were dropped by 90%
• The impact was harsh due to the late response from Mongolia
• Mongolia Development Fund money is to be placed at Combanks.
• Bank of Mongolia took control of Anod Bank management
• Resolution of the Financial Regulatory Committee
• Financial Regulatory Committee suspends trading of two companies
• MP O.Chuluunbat: If we don’t react quickly, we will die in hunger