Monetary statistics released
According to the National Statistic Committee, at the end of October the monetary supply reached MNT 6 trillion, an increase of MNT 2.2 trillion compared to the end of October 2010. It’s estimated that cash allowances from the Human Development Fund accounted for between MNT 700 billion and MNT 800 billion of the cash supply.
Loan debt stood at MNT 5.2 trillion at the end of October, an increase of MNT 2.1 trillion from same period of 2010. But repayment rates are high.
The foreign trade deficit increased by USD 201.3 million compared to the same period a year earlier. The total foreign trade deficit is pegged at USD 1.5 trillion.
Industrial production has reached MNT 1.6 trillion, an increase of MNT 152 billion. But economists said that figure is not a good indicator of economic growth, because crude oil, coal, and iron ore account for most of the growth, while processing and industrial production have shown little growth.
Loan debt stood at MNT 5.2 trillion at the end of October, an increase of MNT 2.1 trillion from same period of 2010. But repayment rates are high.
The foreign trade deficit increased by USD 201.3 million compared to the same period a year earlier. The total foreign trade deficit is pegged at USD 1.5 trillion.
Industrial production has reached MNT 1.6 trillion, an increase of MNT 152 billion. But economists said that figure is not a good indicator of economic growth, because crude oil, coal, and iron ore account for most of the growth, while processing and industrial production have shown little growth.
Comments
Post a Comment