Preliminary Balance of Payments for July, 2017 www.mongolbank.mn
Main indicators
Current and capital account balance totaled to USD 358.9 million deficit, which is 37% or USD 212.7 million decrease compared to the same period last year. The change was mainly driven by USD 470.2 million decrease in deficit of goods and services account, resulting a surplus of USD 248.1 million.
Financial account totaled to a surplus of USD 313.0 million. In the first 7 months of last year, Mongolia had a net borrowing of USD 645.3 million from other countries, while this year the amount totaled to USD 313.0 million. Thus, the net external financing is decreased by USD 332.4 million.
As of July 2017, balance of payments aggregated a deficit of USD 48.8 million.
Published Date:2017-09-01