FOREX AUCTION RUNS

Ulaanbaatar /MONTSAME/ On the Foreign Exchange Auction held Tuesday, the Bank of Mongolia (BoM) received bid offer of USD and CNY…

Governor Zoljargal meets Deutsche Bundesbank President in Germany

March 29 (Bank of Mongolia) In mid March, Governor of the Bank of Mongolia N.Zoljargal has paid a working visit to the Federal re…

Monetary Policy of Mongolia: Will it Finally Hit its Targets in 2013?

March 28 (Mongolian Economy) The Bank of Mongolia has been criticized for several years now for not being able to pursue monetary…

Mongol Bank Bought 22.6 Million US Dollars

Mongol Bank held a regular exchange auction sale on October 2nd. During the exchange auction sale commercial banks offered to sel…

Parliament Discusses Monetary Policy

The President of the Bank of Mongolia (BM), N.Zoljargal, has held an informal meeting with journalists to inform people about the…

Mongolbank sells USD 30 million by forex auction

The Mongolbank announced on June 14, 2012, by forex auction, the BoM sells USD 30 million at closing rate of MNT 1321.53 as recei…

Mongolia raises interest rates to curb inflation

ULAN BATOR, April 18 (Xinhua) -- The Mongolian central bank has decided to increase interest rates yet again to contain runaway i…

The Bank of Mongolia increases Monetary Policy Rate in order to stave off inflation

The Board of Directors of the Bank of Mongolia have made a decision to increase the policy rate by 0.5 % to 13.25, with reserves …