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Home News TIME DEPOSITS IN FOREIGN CURRENCY INCREASED BY 27.2 PERCENT

TIME DEPOSITS IN FOREIGN CURRENCY INCREASED BY 27.2 PERCENT

At the end of March 2020, the time deposit in domestic currency amounted to MNT 10.7 trillion, decreased by MNT 371.3 billion (3.4%) from the previous month, and by MNT 465.4 billion (4.2%) compared with the same period of the previous year.

 

The composition of the total time deposit in domestic currency shows that 88.1 percent (MNT 9.4 trillion) were individuals’ deposits, and 11.9 percent (MNT 1.3 trillion) were corporations’ deposits.

 

The time deposits in foreign currency amounted to MNT 3.7 trillion, increased by MNT 32.5 billion (0.9%) from the previous month, and by MNT 789.4 billion (27.2%) compared with the same period of the previous year.

 

 

 

Source: https://montsame.mn/en/read/222368

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