Saturday, August 9, 2014

Mongol bank trades USD at 1,873 MNT

Mongol bank held its regular Tuesday Foreign Exchange Auction on August 5. During the auction, Mongol bank sold 16.3 million USD at a closing rate of 1,873 MNT, and 101.5 million CNY at a closing rate of 303.11 MNT. On the same day, Mongol bank received a MNT swap agreement bid offer equivalent to 6.5 million USD and a USD swap agreement ask offer of 85 million USD from local commercial banks and accepted all offers.

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