The Bank of Mongolia on 27 October sold CNY83.5 million to commercial banks at currency auction (out of total bids for USD52.1 million and CNY83.5 million) for a closing rate of MNT344.53. Also that day, it rejected an equivalent of USD16 million in tugrik swap agreements.
On 24 October, the central bank issued MNT280 billion in one-week bills at a weighted interest of 15 percent. On 26 October, it received MNT30 billion in bids for 28-week bills with a face value of MNT20 billion at a discounted price and weighted average yield of 16.9 percent. It received MNT20 billion in bids for 52-week bonds with a face value of MNT20 billion that was sold at a discounted price and weighted average yield of 17 percent.
Source: Bank of Mongolia