Mongolia Exchange Rate (MNT per USD, eop)

Exchange Rate in Mongolia

Inflation dropped to 11.3% in April from 12.2% in March, above the Central Bank’s 4.0–8.0% target range. In March, the Central Bank left the policy rate at 13.00%, after doubling the rate over the prior 12 months. Inflation is seen dipping this year but will average in double digits, boosted by strong economic growth, a recovery in tourist arrivals and January’s minimum wage hike.