Mongolia's M2 money supply grew to MNT9,969bn ($5.32bn) in October, up from MNT8.716bn in October 2013, the central bank said in its monthly bulletin published on November 18.
M2 money supply peaked in January 2014 to MNT10,022bn and remained stable throughout 2014. M1 money supply was MNT1,751bn in October, down by 9.6% from October 2013.
The country's monetary authorities are phasing out the expansionary monetary policies adopted in 2012 and 2013 to tackle growing inflationary pressure - CPI jumped to 14.9% y/y in July and was 12.1% y/y in October.
Some 31 members of the Mongolian People`s Party (MPP) have submitted a request to dismiss Prime Minister Jargaltulgyn Erdenebat and his government, GoGo Mongolia news agency ... more
Mongolia’s economy grew by 5.3% y/y in the first half of 2017, state-run Montsame news agency reported on August 18. Growth was mainly driven by increased ... more