External reserve of Mongolia reaches $3.9 billion

AKIPRESS.COM - The National currency reserve of Mongolia reached $3.9 billion, the Mongolbank reports. This will cover the country's demand for foreign currency within 9 months of import trade.
The government of Mongolia should focus on reduction of budget deficit and debt of the Cabinet of Ministers, accurate evaluation of tax revenues and attraction of foreign investments while discussing the state budget for 2020.
Mongolia will have to act with diligence with the reserve collected within 3 years to avoid the intervention in the currency market for stabilization of exchange rates.