MONGOLIA'S FOREIGN CURRENCY RESERVE INCREASES

Ulaanbaatar, /MONTSAME/ Foreign currency reserves of the Bank of Mongolia (Central Bank) reached a new record high of USD 1.3 billion, the "Udriin Sonin" daily reported Monday.
According to the article, foreign currency reserve decreased to USD 400 million two years ago. In recent days, the Mongolian currency Tugrug exchange rate against US Dollar has been relatively stable and increasing. Economists forecast that this might be a temprorary occurence.
S.Batbayar