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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