AKIPRESS.COM - Mongolia's official foreign exchange reserves exceeded $4.9 billion as of November 25, an increase of $38.8 million or 0.8% from the beginning of this year.

According to the Bank of Mongolia, this amount meets the country's foreign exchange paid import needs for 5.1 months.

The increase in foreign exchange reserves occurred mainly due to the improvement in the inflow of US dollars into Mongolia, including export revenues and foreign direct investment.

In particular, export revenues reached $13.4 billion as of the end of October, an increase of about $800 million from last year. 

Hard coal accounted for 55% of total exports, copper concentrate for 19.8%, and gold for 6%.