BoM holds FX auction

Ulaanbaatar /MONTSAME/ On the Foreign Exchange Auction held Tuesday, the Bank of Mongolia (BoM) received bid offers of USD 25.23 million in a closing rate of MNT 1970.11-1980.15 and CNY 114.0 million in a closing rate of MNT 314.70-315.90 from local commercial bank. The BoM sold USD 15.5 million in a rate of 1978.11 and CNY 57.0 million with rate of 315.14. The BoM received MNT Swap agreement bid offer in equivalent to USD 21.3 from local commercial banks and accepted the offer.