Tugrik has depriciated sharply against the foreign currencies in recent days. In this regard, Bank of Mongolia (BoM) held press session today.
Officials of BoM said Tugrik deflation is temporary, adding that the financial problems will be solved in the near future.
Moreover, they highlighted "The Government of Mongolia will hold effective negotiations with the international organizations and investors soon. Bank of Mongolia will take all necessary measures to temper sharp fluctuations in the exchange rate".
Tugrik has depriciated sharply against the foreign currencies in recent days. In this regard, Bank of Mongolia (BoM) held press session today.
Officials of BoM said Tugrik deflation is temporary, adding that the financial problems will be solved in the near future.
Moreover, they highlighted "The Government of Mongolia will hold effective negotiations with the international organizations and investors soon. Bank of Mongolia will take all necessary measures to temper sharp fluctuations in the exchange rate".