Money Supply Rises by 8.7 Percent

Ulaanbaatar, January 19, 2026 /MONTSAME/. According to the National Statistics Office, Mongolia’s money supply (M2) reached MNT 47.1 trillion at the end of December 2025, up by MNT 3.8 trillion, or 8.7 percent, year on year. The growth was mainly driven by a MNT 4.0 trillion (18.3 percent) increase in deposits in domestic currency.

Preliminary results show that money supply (M1) stood at MNT 11.2 trillion, down 3.9 percent from the previous year but up 1.0 percent from the previous month. Of the M1 total, 91.1 percent was held in current accounts, while 8.9 percent was currency outside depository institutions.

Quasi-money reached MNT 35.8 trillion at the end of December, marking a 13.4 percent increase from a year earlier and a 3.3 percent rise from the previous month. Time deposits in domestic currency accounted for the largest share, 72.7 percent, of the quasi-money.  

Meanwhile, currency in circulation totaled MNT 1.2 trillion, increasing by 1.8 percent year on year and 3.0 percent from the previous month.