The Mongolian currency, Tugrik weakened to 2420 against the US dollar today, according to the Naiman sharga currency exchange center.
Before the Naadam festival, Tugrik has strengthened to 2300 against the US dollar.
Due to the sudden increase in US dollar, Central Bank of Mongolia issued 1-week bills worth MNT 604billion at a weighted interest rate of 12.0 percent per annum on Jul 17th and sold it to the commercial banks.
The Mongolian currency, Tugrik weakened to 2420 against the US dollar today, according to the Naiman sharga currency exchange center.
Before the Naadam festival, Tugrik has strengthened to 2300 against the US dollar.
Due to the sudden increase in US dollar, Central Bank of Mongolia issued 1-week bills worth MNT 604billion at a weighted interest rate of 12.0 percent per annum on Jul 17th and sold it to the commercial banks.