BoM holds FX auction

Ulaanbaatar /MONTSAME/ On the Foreign Exchange Auction held Tuesday, the Bank of Mongolia (BoM) received bid offers of USD 19.0 million in a rate between MNT 1986.61-1993.32 and CNY 48.0 million in a rate of MNT 319.90-321.06 from local commercial banks. The BoM has sold USD 6.5 million in a rate of 1990.55 and CNY 48.0 million with rate of 319.90. The BoM received MNT Swap agreement bid offer in equivalent to USD 5.2 and USD Swap agreement bid offer of USD 85.0 million from local commercial banks and accepted the offer.