BoM holds FX auction

Ulaanbaatar /MONTSAME/ On the Foreign Exchange Auction held May 5, the Bank of Mongolia (BoM) received selling bid offers of USD 1.2 million in a rate between MNT 1958.00-1963.00 from local commercial banks. The BoM did not accept the offer. The BoM received USD Swap agreement bid offer in equivalent to USD 70.0 and MNT Swap agreement bid offer of USD 7.5 million from local commercial banks and accepted the offer.