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Gold purchase by Mongolia's central bank down 29.3 pct in 1st 5 months of 2025 www.xinhuanet.com
The Bank of Mongolia, the country's central bank, said on Wednesday that its purchase of gold decreased by 29.3 percent in the first five months of 2025 compared with the same period last year.
The Bank of Mongolia has purchased a total of 4.3 tons of gold from legal entities and individuals in the January-May period.
As of May, the central bank's average gold purchase price was 376,606.51 Mongolian tugriks (around 105 U.S. dollars) per gram.
Purchasing gold is one of the key ways for the central bank to ensure the country's economic stability by consistently increasing foreign currency reserves, said the bank.
According to the regulator, Mongolia's foreign exchange reserves stood at 5.135 billion dollars by the first quarter of this year.
Published Date:2025-06-05
