Since the beginning of 2019, Mongolia’s foreign exchange reserves have reached the 3.6 billion US dollars

Since the beginning of 2019, Mongolia’s foreign exchange reserves have reached 3.6 billion us dollars. This was reported today
by local media, citing data from the Central Bank of Mongolia.

A slight increase in the country’s foreign exchange reserves is due to the reduction in purchases of gold by the Central Bank due to the expiration of the law, which reduced the royalty rate on gold to 2.5 percent from January 1, 2019, the report said.

In this regard, the Central Bank of Mongolia is working to increase foreign exchange reserves to $ 4 billion in the short term.