Tugrik continues to appreciate against US Dollar

B.Chimeg GoGo.mn

2017-04-10 17:10 GMT+8

As of today US$ 1 is selling at MNT 2422. 

Tugrik, the Mongolian currency has continued to appreciate against the US Dollar since July 2016 when selling rate of US$ 1 was approximately at MNT 2500. 

IMF`s stand-by program, US$ 500 million loans from South Korea and negotiation to receive US$ 800 million loans from Japan brought positive change in the currency market, causing an increase in Tugrik rates. 

However, the Dollar was selling at MNT 2002 at the same period of last year. 

Below table shows the Dollar depreciation against the Tugrik in last one month. 

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