On July 18, the National Statistical Office (NSO) released its Social and Economic Situation of Mongolia report on the first half of 2018.
According to the report, the inflation rate reached 7.2 percent, mainly due to price hikes for vegetables, dairy products, and petroleum products. The money supply rose by 3.9 trillion MNT when compared to 2017, bringing the total amount to 17.3 trillion MNT.
Outstanding loans at commercial banks amounted to 15.4 trillion MNT as of June 2018, an increase of 2.5 trillion MNT year over year. The amount of non-performing loans went up by 184 billion MNT to 1.3 trillion MNT. In the first six months of 2018, foreign trade turnover stood at 6.3 billion USD with a net surplus of 822.2 million USD, reflecting a decline of 1.2 billion USD from the same period in 2017. The state budget saw a surplus of 12.9 billion MNT in the first six months of 2018.
On July 18, the National Statistical Office (NSO) released its Social and Economic Situation of Mongolia report on the first half of 2018.
According to the report, the inflation rate reached 7.2 percent, mainly due to price hikes for vegetables, dairy products, and petroleum products. The money supply rose by 3.9 trillion MNT when compared to 2017, bringing the total amount to 17.3 trillion MNT.
Outstanding loans at commercial banks amounted to 15.4 trillion MNT as of June 2018, an increase of 2.5 trillion MNT year over year. The amount of non-performing loans went up by 184 billion MNT to 1.3 trillion MNT. In the first six months of 2018, foreign trade turnover stood at 6.3 billion USD with a net surplus of 822.2 million USD, reflecting a decline of 1.2 billion USD from the same period in 2017. The state budget saw a surplus of 12.9 billion MNT in the first six months of 2018.