Some banks are not dealing with USD

Some folks reported that banks are usually not buying and selling USD, and limits on spending from foreign money accounts have been set on accounts of residents and enterprises. In clarifying this, the Commerce and Improvement Financial institution talked about that they don’t seem to be buying and selling in USD in all branches. Additionally, the service employee mentioned that the utmost spending restrict for the foreign money account is 50 million MNT, and the variety of USD to be withdrawn should be declared sooner or later prematurely. Nonetheless, Khan Financial institution and Golomt Financial institution didn’t restrict the buying and selling of MNT into USD. As well as, they mentioned, when receiving USD equal to greater than 50 million MNT, it should be reported sooner or later prematurely. A foreign money seller mentioned that as of Wednesday, there was no scarcity of USD on the “Naiman Sharga” foreign money buying and selling market, and it was buying and selling usually. Furthermore, from the start of 2023 till the seventh of this month, the Mongol Financial institution provided 325 million USD in overseas foreign money auctions. Overseas foreign money reserves have been 3.55 billion USD as of final month, which is a 9.7 % lower from the identical interval in 2022.