The Bank of Mongolia is focusing on reducing fluctuations caused by the supply and demand imbalance, as the pressure on tugrug’s depreciation caused by the balance of payments deficit has been increasing in the first quarter of 2025.
The pressure on the depreciation of the tugrug is expected to decrease based on factors including the reduction in the balance of payments deficit, the depreciation of the US dollar in international markets, and the increase in the relative return of the tugrug.
As of March 2025, the balance of payments deficit is projected to be USD 616.3 million. The Bank of Mongolia announced that the decline in coal exports contributed to the balance of payments deficit.

Published Date:2025-04-14