Mongolia's forex reserves rise to 4.9 bln USD

ULAN BATOR, Nov. 25 (Xinhua) -- Mongolia's foreign exchange reserves have reached 4.96 billion U.S. dollars as of Nov. 22, the Bank of Mongolia announced on Monday.

The reserves have increased by 0.8 percent since the beginning of the year and recorded a growth of over 15 percent compared to the same period in 2023, according to a statement from the central bank.

This level of reserves is sufficient to co