Foreign exchange reserves excluding gold reached 2.84 USD bil in 2017 in Mongolia, according to the National Statistical Office. This is 129 % more than in the previous year.
Historically, foreign exchange reserves excluding gold in Mongolia reached an all time high of 3.93 USD bil in 2012 and an all time low of 0.016 USD bil in 1992. When compared to Mongolia's main peers, foreign exchange reserves excluding gold in China amounted to 3,159 USD bil, 18.2 USD bil in Kazakhstan, 1.89 USD bil in Kyrgyzstan and 356 USD bil in Russia in 2017.
Mongolia has been ranked 100th within the group of 151 countries we follow in terms of foreign exchange reserves excluding gold, 31 places above the position seen 10 years ago.
FX reserves in a strict sense are "only" the foreign currency deposits and bonds held by central banks and monetary authorities.