Bank of Mongolia introduced the balance of payments for Q1 of 2015. According to BoM the balance of payments bears losses of USD 271.1 million, which is the lowest in the last three year's period.
The drop in the loss of balance of payment was evidently related with the decline in imports, although the significant drop in investment flow has been happening for the last three years. Mongolia has imported goods worth USD 626.9 million and paid duties for transportation services worth USD 105.3 million in the Q1 of 2015, which is the significant drop in the amounts compared to previous years.
Losses at income account in the first quarter of 2015 has totalled to USD 239.8 million, which has increased compared to last two years, while losses of asset and financial account reached USD 126.7 million, which relates to the shrinked investment flow.
The investment flow for the previous two years was at USD 283.5-843.9 million respectively. The report also mentions that the income from the credit lines and loans have declined significantly.
BoM also reported that the currency reserves at the central bank has declined by 19.7 percent or USD 326 million.
Bank of Mongolia introduced the balance of payments for Q1 of 2015. According to BoM the balance of payments bears losses of USD 271.1 million, which is the lowest in the last three year's period.
The drop in the loss of balance of payment was evidently related with the decline in imports, although the significant drop in investment flow has been happening for the last three years. Mongolia has imported goods worth USD 626.9 million and paid duties for transportation services worth USD 105.3 million in the Q1 of 2015, which is the significant drop in the amounts compared to previous years.
Losses at income account in the first quarter of 2015 has totalled to USD 239.8 million, which has increased compared to last two years, while losses of asset and financial account reached USD 126.7 million, which relates to the shrinked investment flow.
The investment flow for the previous two years was at USD 283.5-843.9 million respectively. The report also mentions that the income from the credit lines and loans have declined significantly.
BoM also reported that the currency reserves at the central bank has declined by 19.7 percent or USD 326 million.