BOM HOLDS FX AUCTION

Ulaanbaatar /MONTSAME/ On the Foreign Exchange Auction held on Thursday, the Bank of Mongolia (BoM) did not receive selling bid offers of USD 5.5 million in a rate between MNT 1949.80-1952.00 from local commercial banks. The BoM did not accept the offer. The BoM received USD Swap agreement bid offer in equivalent to USD 8.0 and MNT Swap agreement bid offer of USD 2.0 million from local commercial banks and the BoM has accepted the offer.