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Forex reserves in Mongolia reach high record in 2019 www.menafn.com
The central bank of Mongolia said on Thursday that the foreign exchange (forex) reserves in Mongolia have reached a high record in the previous year of 2019.
Governor of the central bank, Byadran Lkhagvasuren, said that "In 2019, the Bank of Mongolia has successfully implemented measures to ensure economic stability".
Adding that "As a result, our country's forex reserves exceeded 4.2 billion U.S. dollars at the end of the year, hitting an all-time high".
The central bank of the country said that the forex reserves of Mongolia increased about 20 percent in the earlier year of 2019 from USD3.5 billion by the end of 2018.
Published Date:2020-01-03
