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.
Mongolia’s Supreme Court has ruled against the government’s attempt to nationalise a 49% stake in Erdenet copper mine, industry sources told Reuters on December 8. ... ... more
Mongolia has been listed on the European Union’s first ever tax haven blacklist among 17 countries including South Korea, Namibia, Panama, Trinidad & Tobago, Bahrain and ... more
The Mongolia Stock Exchange (MSE) Top 20 Index is approximately up by 74% year-to-date, marking the largest gain among all benchmarks tracked by Bloomberg. ... ... more