Bank of Mongolia reports on key economic indicators

The American Chamber of Commerce in Mongolia

2018-08-31 09:55 GMT+8

On August 29, the Bank of Mongolia released the most recent monetary, finance and foreign currency data for Mongolia's economy.

As of the first half of 2018, the nation's balance of payments saw a deficit of 135.2 million USD. In July, commercial banks granted financing valued at more than 200 billion MNT, 20 percent of which was in the form of consumer loans.

While outstanding loans reached 7 trillion MNT, aggregate savings stood at 12 trillion MNT in July. In the first six months of 2018, Mongolian nationals living overseas sent home 135 million USD through remittance.

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