As of Nov 14, the commercial banks are trading US dollar at 2464-2484 Tugrik (MNT) while the currency exchange centers are selling dollar by 2560 Tugrik.
Nevertheless, the dollar stabilized after reaching its record high against tugrik. The Bank of Mongolia (BoM) has announced to supply dollar to the market, if foreign currencies rise sharply. In regards, the BoM hold irregular auction on Nov 11 and received bid offers of MNT 2450 for US$ 72.4 million respectively. The BoM accepted bid offers of USD in a closing rate of MNT 2450.
As of Nov 14, the commercial banks are trading US dollar at 2464-2484 Tugrik (MNT) while the currency exchange centers are selling dollar by 2560 Tugrik.
Nevertheless, the dollar stabilized after reaching its record high against tugrik. The Bank of Mongolia (BoM) has announced to supply dollar to the market, if foreign currencies rise sharply. In regards, the BoM hold irregular auction on Nov 11 and received bid offers of MNT 2450 for US$ 72.4 million respectively. The BoM accepted bid offers of USD in a closing rate of MNT 2450.