PKF-IFS Mongolia

News

Home News CENTRAL BANK PURCHASES 2.9 TONS OF PRECIOUS METAL IN AUGUST

CENTRAL BANK PURCHASES 2.9 TONS OF PRECIOUS METAL IN AUGUST

Ulaanbaatar /MONTSAME/. In August, the gold purchase of the Bank of Mongolia (BoM) was 2,915 kg, raising the BoM’s total precious metal purchase of 2022 to 12.6 tons. The figure shows a decrease of 3 percent as compared with the same period of the previous year.

This year, the BoM branches in Darkhan-Uul and Bayankhongor aimags bought 1,274.2 kg and 884.8 kg of precious metals respectively.

The average price of BoM’s purchase of 1 gram of gold was MNT 189,702 last month.

Source: https://montsame.mn/en/read/303392

PKF-IFS Mongolia is a member of PKF Global, the network of member firms of PKF International Limited, each of which is a separate and independent legal entity and does not accept any responsibility or liability for the actions or inactions of any individual member or correspondent firm(s).

“PKF" and the PKF logo are registered trademarks used by PKF International Limited and member firms of the PKF Global Network. They may not be used by anyone other than a duly licensed member firm of the Network.