Mongolia's central bank buys 14.4 tons of gold so far this year

Section:

From Xinhua, Beijing
Tuesday, December 3, 2019

ULAN BATOR, Mongolia -- Mongolia's central bank announced on Tuesday that it has bought a total of 14.4 tons of gold from legal entities and individuals in the first 11 months of this year.

As of November the bank's average gold purchase price was 128,002.45 Mongolian tugriks (more than US$47) per gram, the Bank of Mongolia said in a statement.

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Purchasing gold is said to be one of the key instruments for the Asian country's central bank to increase its official foreign exchange reserves. ...

... For the remainder of the report:

http://www.xinhuanet.com/english/2019-12/03/c_138602689.htm

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