BoM holds FX auction

Ulaanbaatar /MONTSAME/ On the Foreign Exchange Auction held on April 7, the Bank of Mongolia (BoM) received bid offers of USD 7.1 million in a rate between MNT 1,986.04-1,987.51 and CNY 76.0 million in a rate of MNT 320.67-321.00 from local commercial banks. ________________________________________ The BoM sold USD 4.6 million in a rate of 1,987.00 and CNY 37.7 million with rate of 320.72. The BoM received MNT Swap agreement bid offer in equivalent to USD 2.5 and USD Swap agreement bid offer of USD 95.0 million from local commercial banks and accepted the offer.