Ch. Khurelbaatar, Minister of Economy and Development, reported to the cabinet meeting on the summary of the activities carried out within half a year since the approval of the Government Resolution to increase foreign exchange reserves.Speaking at the press briefing after the cabinet meeting, Ch. Khurelbaatar said the foreign currency reserves, which had decreased to USD 2.5 billion, increased to USD 3.4 billion.
The Minister of Economy and Development highlighted that the port recovery had influenced the increase in foreign exchange reserves. Mongolia exported 14 million tons of coal in the first three months of 2023, showing an increase of 10 million tons from last year. He also said that by registering mineral export contracts in the automatic customs and tax system, we made the information transparent, increasing mineral resource royalties.
