Social and Economic report of Mongolia, 2010 – Part 2

Jan 14 • Economy, News • 996 Views • No Comments on Social and Economic report of Mongolia, 2010 – Part 2

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Mongol Bank and value of MNT

Value of MNT against EURO and USD dropped significantly in the year 2009 but it in mid 2010 it started to gain its value. According to statistics of Mongol Bank, value of MNT against the USD is 1357 MNT (increase of 5 percent), value of MNT against the EURO is 1805 MNT (10.1 percent increase) and value of MNT against the Yuan is 200.93 MNT (increase of 4.7 percent).

Foreign trade balance

Mongolia traded with 132 countries last year and the total goods turnover reached 6177.1 million USD of which 2899.2 million USD is export and 3277.9 million USD is export. Trade deficit of Mongolia last year was 378.7 million USD and was increased by 126.4 million USD or 50.1 percent if compared with the year 2009.

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