Mongolia's inflation rate fell to 6.4% in April due to increased forex reserves and a stable Tugrik exchange rate.
Mongolia's inflation rate fell to 6.4% in April, a 4.9 percentage point decrease from the previous year, according to the National Statistics Office. The decline is attributed to a significant increase in foreign exchange reserves and a stable Tugrik exchange rate. The country's forex reserves reached an all-time high of $5.25 billion, aiming to stabilize inflation around 6% in the medium term.
May 09, 2024
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