▲ Up
08:22 24-09-2018
АКИpress CA-News Tazabek Turmush
Mongolia's central bank buys 12.2 tons of gold
Central Asia | business | 10:21, 07 September 2018 | 573

AKIPRESS.COM - The Bank of Mongolia said Thursday that it had purchased 12.2 tons of gold from legal entities and individuals in the first eight months of this year.

The figure is the same as the amount of gold purchases in the first eight months of 2017, the central bank said in a statement, Xinhua reports.

As of August, the bank's average gold purchase price was 95,042.34 Mongolian tugrik (about 38 U.S. dollars) per gram.

"The Bank of Mongolia has set a target to buy 22 tons of gold this year. If we reach this goal, the foreign exchange reserves will increase by at least 700 million U.S. dollars," Byadran Lkhagvasuren, vice chairman of the Bank of Mongolia, told reporters, adding "September and October are peak season for gold mining. So, we believe the goal will be fulfilled."

Gold miners submitted 20.01 tons of gold to the central bank in 2017, worth over 800 million dollars.

Mongolia's annual gold production has remained below 21 tons since 2005, when it reached a record high at 25 tons.

15:57 IMF mission began to operate in Kyrgyzstan15:44 Sulukta town celebrates 150th anniversary15:35 Bishkek International Half Marathon to be held on Sept 2315:20 Delegation of Republic of Komi arrived in Issyk-Kul region15:00 California prohibits full-service restaurants from automatically providing plastic straws14:37 National Security Committee opened criminal case against 20yo member of Hizbut-Tahrir terrorist organization14:30 Commission for combating financing of terrorism created in Uzbekistan14:15 Investment forum with participation of Kyrgyz companies and government agencies to be held in Seoul14:10 Congo confirms Ebola case at Ugandan border13:57 Several killed as gunmen attack military parade in southwest Iran13:40 Tanzania ferry tragedy: At least 136 dead after overcrowded boat sinks in Lake Victoria13:25 Financial police celebrated Day of Kyrgyz language and 90th anniversary of Chingiz Aitmatov13:10 Gulbara Kaliyeva elected as chairman of Supreme Court12:58 Rosselkhoznadzor denies import of 41 tons of grapes, nectarines, plums and pomegranate from Kyrgyzstan12:42 Baktybek Turusbekov appointed vice-president of Triathlon Federation of Kyrgyzstan12:21 Kindergarten for 17mln soms opens in Batken region11:50 Speaker Jumabekov lays wreaths to Heydar Aliyev’s grave in Azerbaijan11:38 Speaker Jumabekov participated in Milli Majlis session on occasion of 100th anniversary of Azerbaijani parliament11:14 New milk processing plant to be launched in Naryn region in 201911:01 Ambassadors of Kyrgyzstan and Benin to Russia discussed Kyrgyz-Benin cooperation
© AKIpress News Agency - 2001-2018. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)65-03-06