Mongolia's foreign exchange reserves reached 7 billion USD
Montsame, Ulaanbaatar, January 6th. As of the end of 2025, the total amount of official foreign exchange reserves of the State Bank of Mongolia has reached as high as 7 billion USD, setting a new historical record. This is an increase of 1 billion USD from last month, with an increase of about 20%. The Mongolian government and the central bank have successfully implemented debt management by re-financing bonds issued in overseas markets according to actual economic conditions and repaying a large amount of foreign debt, thus promoting the growth of official foreign exchange reserves.
Additionally, the prices of major export commodities such as copper and gold have reached record highs, which has influenced the increase in foreign exchange reserves. Since September of last year, Mongolia's official foreign exchange reserves have rapidly increased. As a result, the Mongolian Tugrik has gradually weakened against the US Dollar in the market.
According to Article 5 and Article 21 of the "Central Bank Law", the duties of the State Bank of Mongolia are to ensure the timeliness and reliability of foreign payments for the country's foreign exchange reserves that it owns and manages.
According to the law, the state foreign exchange reserves of the central bank consist of several types of assets.
They include:
• Monetary gold held in foreign banks and financial institutions;
• Foreign currencies freely convertible, held in cash or non-cash form;
• Bills payable freely in foreign currencies;
• Various securities issued or guaranteed by foreign governments, central banks or international financial institutions, denominated and payable in freely convertible foreign currencies;
• Other assets recognized internationally as foreign exchange reserves.
Original article: toutiao.com/article/1853575487209472/
Statement: This article represents the personal views of the author.