ID :
361703
Mon, 03/30/2015 - 11:59
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Preliminary balance of payments for 2015

Ulaanbaatar /MONTSAME/ As of the first two months of 2015, current account showed surplus of USD 91.1 million which indicates that the deficit had dropped by 148 percent from previous year. This was due to an increase of USD 303.9 million on surplus in trade in goods to USD 340.7 million, the Bank of Mongolia reported March 30. Capital and financial accounts had a deficit of USD 137.9 million, which is reduction of 165 percent or USD 350.8 million from same period of previous year. This sharp decline is explained by a drop in foreign direct investment and portfolio investment by USD 299.2 million and USD 335.8 million, respectively.

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