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Gold Purchase By Mongolia's Central Bank Down 24.1 Pct
(MENAFN- The Peninsula)
Xinhua
Ulan Bator: Mongolia's central bank purchased seven tons of gold from legal entities and individuals in the first seven months of 2025, marking a 24.1-percent decrease compared to the same period last year, according to the Bank of Mongolia on Monday.
As of July, average price of gold purchased by the Bank of Mongolia was 384,712.91 Mongolian tugriks (about 107.1 US dollars) per gram.
Purchasing gold is one of key ways for the central bank to ensure the country's economic stability by consistently increasing foreign currency reserves, said the bank.
Mongolia's foreign exchange reserves have risen to 5.206 billion dollars in the first half of 2025.
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