Source: InfoMongolia.com

The Bank of Mongolia has directed the exchange rate to stability by selling USD 11.8 million on 13 January.

Commercial banks submitted proposals to sell USD 20 million; however the Bank of Mongolia did not make any purchases. Instead, the Central Bank accepted the offer to buy MNT 22.8 million, with the lowest rate of MNT 1,355 and the highest at MNT 1,398, and has sold million USD at the closing rate of MNT 1,387.