FOREX AUCTION RUNS

Ulaanbaatar /MONTSAME/ On the Foreign Exchange Auction held Thursday, the Bank of Mongolia (BoM) received from local commercial banks ask offer of 41.0 million USD and 2.0 million CNY. BOM has refused all offers. The same day, BoM received MNT Swap agreement offer in equivalent to 105.7 million USD and USD Forward agreement offer of 5.2 million USD from local commercial banks. BOM has accepted MNT Swap agreement and sold 101.7 million USD.