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AmCham Mongolia Daily Newswire

March 11, 2019

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President Kh. Battulga receives Commander of the United States Special Operations Command General Raymond Thomas
General Raymond Thomas, Commander of the United States Special Operations Command, and other U.S. representatives paid an official visit to Mongolia and met with Commander of the Mongolian Armed Forces President Kh. Battulga and Minister of Defense N. Enkhbold. The parties exchanged views on developing bilateral defense relations, armed forces, and cooperation, especially in pursuing peace and skills development for military personnel to perform specialized tasks.

Today /page A2/
The BoM reports that the USD exchange rate has been stable            
According to the Bank of Mongolia (BoM), the USD exchange rate was at 2,634.61 MNT as of March 10. The USD exchange rate was reported as stable, ranging from 2,631 to 2,635 MNT last month. Despite a steady USD exchange rate, the CNY exchange rate has recently increased. As of January 2019, the USD exchange rate was between 2,670 to 2,680 MNT. The BoM supplied 400 million USD to the market in the first two months of this year and provided 14 million USD to the market in March.

Today /page B1/
Mortgage loan issuance reaches 15.7 billion MNT as of February 2019
The Bank of Mongolia (BoM) approved 15.7 billion MNT in mortgage loan financing to 210 applicants as of February 2019. Last year, commercial banks approved loans for 5,600 applicants, valued at 345 billion MNT, which was low compared to the expected demand. According to the BoM, while the number of mortgage loans granted has decreased, the number of interested applicants rose last year. The BoM and the government plan to spend 300 billion MNT on mortgage loan financing this year, and 192 billion MNT will come from loan repayments.
The Official Gazette /page 11/
Government bond rates have decreased by 0.5 to 0.6 percent since February 27
The Chinggis Bond’s rate, which expires in 2022, has fallen by 0.6 percent since February 27, reaching 99.6 points. The Mazaalai Bond’s rate, which expires in 2021, has dropped by 0.5 percent since February 27, reaching 111.4 points. Investors' returns rose by 4.4 percent during the reporting period. The macroeconomic and political situation in Mongolia have been the main factors impacting government bond rates. Government bond rates are also a key measure for determining investor confidence.
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