TIME DEPOSIT IN DOMESTIC CURRENCY GROWS BY MNT 3.7 TRILLION

At the end of August 2021, the time deposit in domestic currency amounted to MNT 15.1 trillion, decreased by MNT 130.4 billion (0.9 percent) from the previous month, and increased by MNT 3.7 trillion (32.9 percent) from the same period of the previous year.

In terms of the type of time deposit in domestic currency, individuals’ deposits make up 88.4 percent (MNT 13.3 trillion) while 11.6 percent (MNT 1.8 trillion) were deposits of enterprises.

The time deposits in foreign currency amounted to MNT 4.0 trillion, decreased by MNT 57.2 billion (1.4 percent) from the previous month, and decreased by MNT 629.3 billion (13.5 percent) from the same period of the previous year.