Exchanges rate

May 14, 2007 at 1:25 am Leave a comment

A national banknote rate has been weakening last 5 years by approximately 2, 4 percent. However, it weakened by only 1 percent in 2005. In the beginning of 2005, the banknote rate was strutted. At was caused by favorable condition on external trade, increase on foreign direct investment and personal remittance. At the end of 2005, US dollar rate reached at 1221 tugrigs, previous year. The average US dollar rate will be reached at 1205 tugrigs.

Cor current rate, see rate of Bank of Mongolia (central bank).

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Entry filed under: Exchanges rate.

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Information contained in this web site are partly derived from a CD-ROM "Guide to Investment and Trade-Mongolia", produced by Foreign Investment and Foreign Trade Agency (FIFTA). All trademarks are properties of their own respective owners.

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