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The Bank of Mongolia

BANK OF MONGOLIA
Monthly Statistical Bulletin
2009-10


CONTENTS

Monetary survey

, 12
Annualized growth rate of monetary and financial aggregates


Money supply


Monetary surey


Balance sheet of Monetary Authorities (for Monetary Survey)


Balance sheet of Other depository corporations (for Monetary Survey)

10


Consumer price index

15


National consumer price index

18


Loans outstanding

19


Deposit rate

23

The Bank of Mongolia


Loan rate

24

-9
- 46

,
Interest rate applied by banks

25

Address
Baga toiruu 9


Trade balance

30

Fax


Real and nominal effective rate of togrog

32

976-11-311474


Exchange rates on foreign exchange market

33


The Government budget accounts

35


Securities market developments

37


Web site

www.mongolbank.mn

,
Year on year growth rate of monetary and financial aggregates

,
Year on year growth rate of monetary and financial aggregates

in percent

End-of-period

1991 12
1992 12
1993 12
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

(2)

(M1)

Money
supply
(M2)

Quasi
money

Money
(M1)

75.5
31.9
227.6
79.7
32.9
25.8
32.5
-1.7
31.6
17.6
27.9
42.0
49.6
20.4
34.6
34.8
35.7
42.1
46.6
50.5
40.2
39.1
42.2
47.3
42.4
46.4
40.9
56.3
48.3
48.5
40.6
31.0
28.0
27.2
23.9
17.4
15.2
4.1
0.3
-5.5
-4.6
-4.3
-4.2
-5.1
-4.4
-4.9
-3.3
-0.5
5.1
13.3

194.5
108.1
347.4
81.3
35.3
7.9
46.6
-9.9
24.4
21.6
36.6
61.5
73.7
27.6
39.2
38.3
38.9
45.5
46.7
49.0
37.1
35.1
39.2
44.6
38.8
42.0
36.0
50.3
43.8
45.4
39.6
31.8
28.5
28.1
23.4
16.5
14.6
3.2
-1.3
-10.4
-5.1
-5.5
-1.9
-3.1
-2.7
-2.3
0.8
1.7
5.7
14.8

54.0
4.5
142.8
77.2
29.7
50.8
18.4
8.5
39.0
13.9
19.4
20.2
13.4
4.0
21.6
23.3
25.2
30.7
46.3
55.4
50.3
52.8
52.9
56.1
55.6
63.6
60.0
77.9
64.7
60.3
43.9
28.2
26.6
24.4
25.6
19.9
17.1
7.2
5.5
9.6
-3.0
0.1
-11.5
-11.3
-9.9
-12.9
-16.4
-7.0
3.2
8.5

Currency
Currency
outside banks issued in
circulation
129.9
8.6
375.8
114.5
36.4
63.0
19.3
13.4
54.6
15.6
8.2
10.6
8.9
9.1
6.2
21.5
13.1
29.1
49.3
44.4
37.0
32.4
38.5
42.0
41.2
46.1
45.0
53.0
52.6
46.3
18.7
8.7
13.6
17.3
12.9
11.4
7.0
-0.5
0.5
16.0
4.7
24.6
6.2
5.2
1.4
-7.8
-9.0
-7.1
-1.3
4.6

169.7
44.6
272.4
102.2
36.5
54.9
23.3
8.7
48.3
17.3
11.0
12.9
13.5
10.3
13.7
27.9
12.8
33.0
42.0
44.6
35.2
32.5
32.5
39.0
39.2
36.0
38.8
48.5
50.7
38.1
24.0
10.1
15.7
21.2
13.7
12.5
8.3
1.9
2.3
11.8
2.4
28.2
3.0
3.3
2.0
-7.7
-5.1
-2.9
0.7
9.2

End-of-period

Reserve
money

157.1
168.6
104.1
28.7
36.5
23.1
18.7
49.9
18.6
8.2
21.9
14.5
17.0
19.7
35.8
22.8
35.1
42.4
44.5
43.6
38.9
33.0
22.9
22.4
17.7
16.4
40.1
22.9
8.2
3.7
-1.3
1.8
-1.9
10.9
16.5
12.8
8.3
18.3
18.4
22.7
49.3
31.5
9.6
4.7
48.5
23.1
31.4
28.5
53.4

Deposits
Deposits
1991 12
1992 12
1993 12
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
12
12
12
12
12
12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20
21
22

74.6
174.8
159.7
44.3
-1.3
26.6
1.4
18.0
32.5
45.2
62.2
66.5
42.3
29.8
48.2
44.4
53.2
54.9
54.6
38.7
38.3
40.0
43.8
40.5
38.4
36.4
49.7
48.4
44.5
39.9
31.3
27.0
22.9
18.7
13.2
13.2
3.3
-1.2
-10.1
-8.1
-7.5
-5.0
-2.1
-1.3
0.1
2.3
3.3
5.7
15.4

Current
account

19.1
222.7
19.1
16.0
36.5
52.6
-16.7
22.2
3.7
33.8
50.0
59.0
-10.7
69.8
12.6
26.9
22.3
26.8
44.6
45.8
45.0
50.5
60.4
48.0
70.8
52.3
76.5
45.9
60.9
53.8
41.9
38.3
43.6
43.3
31.5
24.3
8.2
4.2
-4.1
0.5
-7.5
-6.4
-15.9
-14.0
-14.5
-13.0
-6.0
6.4
11.9

Domestic
currency
deposits
175.0
121.9
128.1
186.4
33.1
-8.7
27.0
0.4
0.5
31.0
48.4
68.1
63.2
25.3
41.6
62.5
64.5
74.4
75.1
76.2
75.3
78.5
82.2
82.2
75.8
72.2
68.3
60.8
52.7
43.2
37.5
27.6
20.1
15.8
9.9
8.3
7.8
1.3
-6.2
-19.3
-20.9
-21.2
-15.9
-8.5
-10.5
-10.1
-10.1
-7.0
-3.6
5.7

,
Year on year growth rate of monetary and financial aggregates

continued

End-of-period


Foreign
currency
deposits
1991 12
1992 12
1993 12
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

284.9
-81.4
2014.7
46.1
137.0
33.7
25.3
4.9
72.3
35.1
39.6
51.3
73.2
75.6
13.5
23.3
9.0
13.5
16.0
14.8
-13.7
-17.2
-18.3
-10.4
-11.7
-11.9
-13.8
24.1
37.1
48.5
46.9
42.0
47.0
44.1
45.8
27.1
28.9
9.3
14.2
17.1
29.7
30.4
24.8
14.2
20.3
24.4
31.0
28.6
28.5
41.6

Current
account
(Foreign
currency)
1249.7
-2.0
10.0
41.7
98.0
-28.5
39.5
0.1
13.9
58.9
98.3
-14.7
84.0
5.0
17.5
14.8
15.8
29.2
30.5
20.8
35.3
48.6
31.1
60.1
34.2
53.5
21.2
49.8
37.7
33.9
35.2
54.3
45.8
32.8
21.3
2.6
-1.5
-11.6
12.5
4.6
13.7
-7.5
-8.2
-11.8
-4.7
-5.3
5.6
12.0


()

Current
Total
account
loans
(Domestic outstanding
currency)
42.8
52.7
3.5
48.8
68.5
65.2
44.5
67.2
20.9
18.7
32.6
3.3
16.6
-22.3
-0.8
70.0
5.4
-9.5
8.3
-13.9
57.5
102.3
42.5
71.4
21.5
91.0
-4.3
37.2
50.0
41.7
25.7
42.3
41.6
44.6
32.3
47.5
43.0
47.6
71.7
50.5
70.0
50.5
83.8
52.3
73.9
51.0
76.8
63.8
74.8
65.9
86.2
70.9
78.6
66.0
109.3
68.1
77.9
66.7
73.7
67.2
73.2
66.3
52.5
64.9
42.1
64.8
32.2
59.9
40.2
58.1
30.0
48.5
27.9
46.1
15.1
39.5
10.5
36.1
3.7
28.2
-10.1
25.2
-19.6
20.4
-25.6
14.4
-25.8
5.9
-20.7
1.9
-17.8
0.0
-23.3
-0.5
-7.0
-3.6
7.2
-3.2
11.9
-2.7

Net
foreign
assets

Domestic
credit

-102.6
-178693.1
26.9
74.1
42.6
83.7
-28.7
73.5
20.4
9.2
40.1
-16.9
21.3
83.3
98.5
102.5
108.0
103.7
97.0
63.4
60.7
50.6
52.8
44.7
38.6
19.9
19.5
21.2
20.4
10.5
-0.5
-6.8
-7.1
-6.2
-22.1
-26.5
-42.3
-51.0
-49.4
-54.2
-50.9
-46.3
-41.5
-31.3
-22.8
-14.3
7.3
20.8
81.2

46.5
52.1
101.1
-7.5
98.4
-25.0
101.2
-14.3
-27.3
52.4
54.7
157.3
25.8
18.8
-3.1
-13.3
-3.1
2.5
3.1
10.6
12.8
11.7
28.8
33.6
53.5
52.7
78.4
91.4
94.8
86.7
86.7
88.0
79.4
78.8
74.5
76.8
68.4
73.3
53.2
53.2
43.6
33.7
24.6
15.3
11.4
8.6
-1.2
-1.0
-12.1

Net
International
reserves

445.3
47.4
90.0
-19.6
88.7
-25.1
45.7
20.3
13.8
41.1
-42.9
26.8
82.2
130.6
167.5
161.3
143.6
158.3
139.9
153.9
140.4
127.6
104.8
80.9
51.3
41.9
31.8
26.4
15.0
11.4
1.5
-2.3
-4.2
-12.2
-17.8
-29.6
-39.8
-34.7
-48.0
-50.1
-48.6
-45.9
-42.0
-32.0
-31.8
-9.0
5.1
49.9

Net
Excahnge rate
internatiomal Togrog
reserves
against
(banking sector)US dollar
-70.0
6.8
184.9
20.7
4.4
62.3
14.4
-6.5
46.4
47.5
17.3
-35.8
10.9
49.9
18.9
23.5
2.3
9.5
0.5
38.4
2.1
-17.1
3.8
0.1
3.5
82.2
1.0
115.3
-4.6
137.9
-4.1
142.7
-3.0
131.3
-0.8
125.0
-2.2
82.7
-0.9
83.1
-0.7
67.7
-0.3
68.3
1.7
58.7
1.4
51.0
1.1
288.5
0.7
29.4
0.4
21.3
0.5
20.6
0.7
11.2
0.3
0.8
0.0
-5.1
-0.3
-4.7
-0.5
-3.6
-0.8
-17.5
-3.1
-22.0
-3.2
-38.3
-2.8
-48.2
-0.1
-50.8
8.3
-58.3
17.9
-58.2
25.5
-55.8
30.5
-49.0
22.2
-41.3
23.0
-35.4
24.0
-29.8
26.0
-6.0
24.2
3.4
24.4
49.8
24.4


Money supply

in millions of togrogs

End-of-period

1990 12
1991 12
1992 12
1993 12
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10


Currency issued in circulation

amount

monthly
changes %

742.7
2,003.0
2,896.4
10,786.1
21,804.8
29,755.7
46,095.8
56,816.5
61,754.2
91,567.5
107,394.4
119,205.8
134,642.8
152,826.6
168,521.1
191,688.3
245,098.9
224,615.1
224,539.6
264,875.0
312,432.3
322,894.9
319,860.0
325,062.4
351,604.5
333,389.7
323,094.0
323,651.7
364,074.4
338,462.7
310,026.9
328,462.5
344,092.3
373,613.3
387,718.8
369,636.8
395,670.4
361,057.2
329,316.5
330,943.3
407,210.5
346,623.4
397,300.9
338,280.4
355,608.6
381,150.2
357,754.2
350,644.3
384,122.6
363,478.7
359,644.3

13.2
3.1
0.8
11.8
3.1
5.7
13.8
7.8
5.7
0.5
1.1
1.7
3.1
5.1
-8.4
0.0
18.0
18.0
3.3
-0.9
1.6
8.2
-5.2
-3.1
0.2
12.5
-7.0
-8.4
5.9
4.8
8.6
3.8
-4.7
7.0
-8.7
-8.8
0.5
23.0
-14.9
14.6
-14.9
5.1
7.2
-6.1
-2.0
9.5
-5.4
-1.1

Bank's
vault
5.7
308.7
1,057.2
2,035.5
3,037.6
4,164.5
4,391.4
7,048.2
5,308.4
4,286.2
6,461.0
10,045.1
13,859.2
21,329.9
25,008.4
39,318.8
59,972.2
50,378.6
56,903.8
48,718.8
60,738.8
55,507.1
57,436.6
58,327.2
61,436.7
66,068.5
59,129.5
61,902.4
80,749.1
72,525.7
64,750.4
71,780.7
70,626.5
69,853.7
79,928.0
68,397.7
72,443.0
74,911.2
66,801.0
67,943.6
78,486.5
68,287.5
91,636.8
65,679.7
67,948.0
73,139.4
73,955.4
76,370.4
83,693.9
81,061.0
85,077.9

(1)
Of which
Money (M1)

Currency outside banks


amount

monthly
amount

changes %
monthly
changes %
737.0
4,749.9
1,694.3
7,313.7
1,839.2
7,640.2
8,750.6
12.0
18,548.4
-8.8
18,767.2
5.7
32,871.2
-0.4
25,591.2
2.6
42,636.5
-0.4
41,704.4
14.4
64,301.6
14.7
49,768.3
4.1
76,108.9
4.0
56,445.8
9.2
82,582.0
9.4
87,281.3
15.2
114,825.7
14.9
100,933.4
7.3
130,775.0
8.9
109,160.7
8.2
156,155.3
6.9
120,783.6
1.2
187,727.8
6.9
131,496.7
-2.1
212,833.4
4.4
143,512.7
3.9
221,327.6
4.1
152,369.5
-0.4
269,124.4
6.3
185,126.7
2.6
331,903.4
2.1
174,236.5
-5.9
334,997.0
0.9
167,635.8
-3.8
342,596.8
2.3
216,156.2
28.9
401,498.6
17.2
251,693.5
16.4
455,119.2
13.4
267,387.9
6.2
490,293.1
7.7
262,423.4
-1.9
502,223.4
2.4
266,735.2
1.6
497,043.9
-1.0
290,167.8
8.8
535,468.4
7.7
267,321.2
-7.9
515,432.2
-3.7
263,964.6
-1.3
523,434.3
1.6
261,749.3
-0.8
519,932.0
-0.7
283,325.3
8.2
590,471.6
13.6
265,937.0
-6.1
551,883.4
-6.5
245,276.5
-7.8
549,183.5
-0.5
256,681.7
4.6
577,707.5
5.2
273,465.9
6.5
583,650.2
1.0
303,759.6
11.1
620,609.8
6.3
307,790.8
1.3
624,894.1
0.7
301,239.1
-2.1
624,047.6
-0.1
323,227.4
7.3
642,216.9
2.9
286,146.0
-11.5
603,473.3
-6.0
262,515.5
-8.3
561,252.6
-7.0
262,999.8
0.2
548,309.3
-2.3
328,724.0
25.0
647,335.3
18.1
278,335.9
-15.3
535,268.2
-17.3
305,664.2
9.8
549,886.6
2.7
272,600.7
-10.8
511,386.8
-7.0
287,660.5
5.5
517,897.9
1.3
308,010.7
7.1
559,144.5
8.0
283,798.8
-7.9
544,382.1
-2.6
274,273.9
-3.4
521,831.8
-4.1
300,428.7
9.5
597,140.1
14.4
282,417.7
-6.0
622,707.3
4.3
274,566.4
-2.8
608,778.2
-2.2

Of which

Current
account
(Dom. currency)
3,915.9
5,592.1
5,789.8
9,757.2
14,104.0
17,045.3
22,597.2
26,340.6
26,136.2
27,544.4
29,841.6
46,994.6
66,944.1
81,336.7
77,814.9
116,754.9
146,776.7
160,760.5
174,961.0
185,342.4
203,425.7
222,905.2
239,800.0
230,308.7
245,300.7
248,111.1
259,469.8
258,182.7
307,146.3
285,946.5
303,907.0
321,025.8
310,184.3
316,850.2
317,103.3
322,808.4
318,989.5
317,327.3
298,737.1
285,309.5
318,611.3
256,932.2
244,222.4
238,786.1
230,237.3
251,133.8
260,583.2
247,557.9
296,711.4
340,289.6
334,211.8


Money supply

continued

End-of-period

1990 12
1991 12
1992 12
1993 12
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10


Quasi money

amount

monthly
changes %

883.2
2,601.1
5,412.1
24,215.8
43,905.8
59,408.1
64,093.7
93,956.6
84,667.6
105,341.3
128,067.7
174,908.9
282,397.8
490,499.0
625,704.9
871,014.4
1,204,590.0
1,221,013.9
1,285,170.9
1,345,255.8
1,428,505.6
1,475,801.1
1,513,866.8
1,597,615.7
1,659,946.0
1,676,505.5
1,740,922.4
1,715,148.7
1,810,778.1
1,755,432.1
1,868,412.7
1,877,439.7
1,883,037.6
1,896,008.5
1,939,790.0
1,971,535.5
1,934,607.6
1,921,537.3
1,796,456.5
1,693,506.9
1,622,666.1
1,665,977.4
1,764,924.4
1,841,171.2
1,823,929.7
1,845,529.8
1,894,865.5
1,987,939.3
1,966,857.2
2,030,707.4
2,062,242.6

10.6
-2.6
-4.7
-4.0
13.0
-0.5
-1.6
2.1
3.0
3.8
15.8
-0.2
1.6
-4.5
1.4
5.3
4.7
6.2
3.3
2.6
5.5
3.9
1.0
3.8
-1.5
5.6
-3.1
6.4
0.5
0.3
0.7
2.3
1.6
-1.9
-0.7
-6.5
-5.7
-4.2
2.7
5.9
4.3
-0.9
1.2
2.7
4.9
-1.1
3.2
1.6

Domestic
currency
deposits
726.3
1,996.9
4,430.2
10,103.1
28,937.5
38,529.1
35,164.2
44,673.8
44,840.1
45,052.3
59,004.3
87,590.4
147,211.7
240,280.1
300,976.4
426,033.6
692,483.4
734,902.8
802,675.3
835,676.4
855,496.0
897,146.0
944,032.3
996,877.3
1,019,702.1
1,031,160.0
1,058,746.0
1,079,409.4
1,113,729.7
1,121,925.2
1,149,065.7
1,149,303.5
1,091,227.7
1,077,329.3
1,092,859.0
1,095,655.6
1,104,663.1
1,111,986.0
1,072,371.1
1,011,971.4
898,692.5
887,761.4
905,268.2
966,546.7
998,035.9
964,341.2
982,461.0
985,294.2
1,027,885.7
1,072,211.9
1,133,696.4

Of which

Of which

Individuals
Corporate
726.3
1,553.3
2,985.7
7,969.6
25,287.3
36,602.7
33,819.1
42,892.7
42,044.5
43,257.9
54,125.9
79,321.6
137,182.7
228,133.5
287,894.4
399,980.0
647,774.2
687,742.5
754,942.5
786,524.9
800,771.8
838,129.4
872,878.8
912,256.7
933,639.7
935,610.7
954,998.8
975,460.3
1,014,880.8
1,034,850.0
1,063,357.0
1,065,250.8
1,004,197.2
984,752.0
986,760.4
980,549.0
985,065.5
982,604.1
949,584.7
893,529.9
829,539.3
812,383.6
834,311.2
890,798.6
912,356.6
892,364.0
921,066.3
923,163.3
962,780.0
1,004,645.2
1,050,083.3

443.6
1,444.5
2,133.5
3,650.2
1,926.4
1,345.1
1,781.1
2,795.6
1,794.4
4,878.4
8,268.7
10,029.0
12,146.6
13,082.0
26053.6*
44,709.3
47,160.3
47,732.8
49,151.5
54,724.2
59,016.6
71,153.5
84,620.7
86,062.3
95,549.4
103,747.2
103,949.0
98,848.9
87,075.2
85,708.7
84,052.8
87,030.5
92,577.3
106,098.7
115,106.6
119,597.5
129,381.9
122,786.4
118,441.5
69,153.1
75,377.9
70,957.1
75,748.1
85,679.3
71,977.2
61,394.8
62,130.9
65,105.7
67,566.7
83,613.1

Foreign
currency
deposits
157.0
604.2
112.5
2,378.0
3,474.1
8,233.1
11,006.8
13,795.6
14,468.6
24,925.9
33,681.9
47,017.1
71,147.8
123,253.9
216,434.0
245,675.0
302,921.7
277,463.9
279,842.6
287,407.4
303,130.1
309,090.0
316,914.4
323,247.2
355,266.9
350,625.3
363,061.3
352,319.6
375,987.2
380,535.0
415,702.1
422,249.3
430,456.5
454,228.3
456,723.0
471,167.1
451,467.0
451,975.6
396,720.8
402,408.1
440,199.5
493,644.4
541,914.8
526,807.9
491,566.5
546,650.5
568,226.2
617,006.3
580,364.3
580,759.1
561,906.8

Current
account

(2)
Money (M2)

amount

monthly
changes %

(For.currency)

869.4
11,734.7
11,494.2
12,645.9

17,922.7
35,487.2
25,358.9
35,363.2
35,381.5
40,301.5
64,038.2
126,965.0
108,294.5
199,305.8
209,184.9
208,647.2
202,653.1
222,172.0
269,879.5
269,565.1
252,920.0
277,491.2
284,977.1
294,720.1
319,115.1
283,419.7
321,061.2
252,971.9
303,644.8
305,886.9
361,353.4
364,450.9
390,208.0
404,712.8
378,477.5
357,575.8
327,364.6
279,127.4
283,774.2
284,571.5
317,741.3
347,816.7
334,327.3
334,538.0
344,178.2
385,638.8
358,607.2
377,736.4
366,639.5

5,633.1
9,914.8
13,052.3
42,764.2
76,777.0
102,044.6
128,395.3
170,065.5
167,249.6
220,167.0
258,842.6
331,064.3
470,125.6
703,332.4
847,032.4
1140138.8*
1,536,493.3
1,556,010.9
1,627,767.8
1,746,754.4
1,883,624.8
1,966,094.3
2,016,090.2
2,094,659.6
2,195,414.5
2,191,937.7
2,264,356.7
2,235,080.6
2,401,249.7
2,307,315.5
2,417,596.2
2,455,147.2
2,466,687.8
2,516,618.3
2,564,684.1
2,595,583.1
2,576,824.5
2,525,010.7
2,357,709.1
2,241,816.2
2,270,001.4
2,201,245.6
2,314,811.0
2,352,558.1
2,341,827.5
2,404,674.2
2,439,247.6
2,509,771.1
2,563,997.3
2,653,414.7
2,671,020.9

1.2
-1.7
-2.9
4.5
8.8
4.2
6.3
5.4
4.8
5.0
12.1
0.9
2.7
-3.1
1.3
4.6
7.3
7.8
4.4
2.5
3.9
4.8
-0.2
3.3
-1.3
7.4
-3.9
4.8
1.6
0.5
2.0
1.9
1.2
-0.7
-2.0
-6.6
-4.9
1.3
-3.0
5.2
1.6
-0.5
2.7
1.4
2.9
2.2
3.5
0.7


Monetary survey

in millions of togrogs

()

Of which

Total assets

End-of-period

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

: Of which:

Net foreign

Domestic

assets

credit (net)

General

Central

Local

Other financial

Public

Private

Government

Government

Government

corporations

sector

sector

495.4
-27.0
23,395.7
29,699.3
42,796.8
51,709.7
73,733.6
135,437.2
96,557.5
167,541.5
201,696.9
220,165.7
308,507.4
256,341.5
311,005.2
570,198.7
1,131,772.5
1,100,902.0
1,114,748.5
1,174,464.0
1,259,374.8
1,321,216.6
1,316,665.5
1,359,079.5
1,405,740.4
1,409,522.6
1,427,842.0
1,344,207.8
1,352,046.2
1,334,265.2
1,342,590.0
1,297,695.4
1,253,458.1
1,230,973.8
1,223,350.9
1,274,518.2
1,095,287.9
1,035,442.0
824,195.6
658,585.3
683,478.2
611,000.1
659,613.7
696,315.7
732,889.8
845,183.7
944,242.6
1,091,823.2
1,174,831.5
1,250,760.3
1,493,330.9

10,971.2
16,078.2
24,460.3
49,190.3
49,646.7
45,494.7
90,240.4
67,635.4
136,062.0
116,635.6
84,831.1
129,259.5
200,027.4
514,615.2
647,305.1
2
769,004.6
745,404.8
708,350.4
775,250.2
858,887.2
890,479.5
929,679.6
977,750.0
979,827.0
1,082,496.4
1,091,172.3
1,157,288.0
1,162,499.1
1,329,532.9
1,355,904.0
1,510,135.0
1,603,434.8
1,662,519.9
1,747,506.2
1,753,657.0
1,752,092.0
1,888,901.3
1,928,681.0
1,949,418.9
2,015,182.9
2,036,413.0
2,077,185.7
2,168,220.6
2,143,471.6
2,071,151.7
2,014,514.2
1,954,280.8
1,903,541.4
1,866,385.8
1,909,397.2
1,713,712.9

-1,883.7
-3,051.7
-7,143.4
-3,773.1
-14,688.9
-17,227.8
19,920.3
13,352.1
41,460.0
34,555.7
17,171.2
-6,829.1
-32,439.3
96,687.3
40,506.5
-90,847.2
-477,882.5
-571,814.0
-558,832.9
-545,685.9
-587,127.5
-580,058.8
-622,470.7
-660,543.5
-725,612.5
-767,948.6
-772,390.9
-798,579.6
-726,528.0
-777,542.6
-720,379.0
-732,494.0
-774,010.5
-740,088.6
-805,776.0
-841,434.9
-796,374.5
-788,177.6
-741,864.7
-652,936.3
-599,138.6
-594,808.6
-517,081.0
-528,255.0
-509,087.7
-520,392.8
-604,648.9
-677,237.1
-722,443.2
-721,537.5
-904,273.4

45,022.0
-87,822.4
-470,640.1
-561,881.8
-549,147.8
-537,827.8
-576,466.3
-568,931.0
-611,969.3
-649,373.7
-715,049.0
-756,170.4
-760,585.8
-787,655.1
-719,606.1
-764,880.2
-710,290.0
-724,161.0
-763,457.1
-727,565.8
-794,838.7
-828,737.1
-785,051.6
-776,727.4
-731,811.8
-642,107.8
-592,034.5
-587,332.0
-509,574.5
-521,560.0
-503,915.6
-512,841.0
-597,871.8
-670,801.7
-711,471.9
-711,174.5
-895,706.5

-4,515.6
-3,024.9
-7,242.4
-9,932.2
-9,685.1
-7,858.1
-10,661.2
-11,127.8
-10,501.3
-11,169.9
-10,563.5
-11,778.2
-11,805.1
-10,924.5
-6,921.9
-12,662.4
-10,089.0
-8,333.0
-10,553.5
-12,522.8
-10,937.3
-12,697.8
-11,322.9
-11,450.2
-10,052.9
-10,828.5
-7,104.0
-7,476.6
-7,506.5
-6,695.0
-5,172.1
-7,551.8
-6,777.1
-6,435.4
-10,971.3
-10,363.0
-8,566.9

455.1
498.8
1,597.1
1,531.0
2,588.9
2,605.8
2,834.0
2,451.4
2,437.1
1,349.8
1,890.8
2,025.3
2,846.7
2,747.5
2,828.5
3,568.9
3,990.8
5,723.8
9,492.7
7,729.6
8,520.5
7,459.0
5,064.2
4,442.2
5,227.2
4,497.8
3,412.1
3,934.3
3,278.4
4,039.9
4,078.1
4,385.7
3,767.8
4,021.2
5,155.8
4,274.1
4,310.8

9,779.6
12,204.2
21,744.4
12,193.3
8,892.2
10,883.3
14,520.3
11,713.0
18,295.6
8,564.5
6,281.5
10,402.0
12,184.9
16,203.6
13,125.7
34,169.2
36,731.6
34,991.1
36,437.9
38,207.6
36,051.3
23,141.8
25,409.5
21,653.4
23,436.7
22,979.8
20,139.3
18,132.7
27,331.8
32,307.5
31,830.7
31,726.2
22,429.4
10,826.0
10,977.9
14,331.2
17,206.9
19,053.9
18,413.0
23,977.7
34,794.6
26,411.5
25,436.3
26,158.4
22,441.4
21,635.9
20,199.9
27,764.4
26,099.5
24,402.5
23,089.8

3,075.3
6,925.7
9,859.3
40,638.0
55,297.8
51,653.5
22,851.9
28,112.6
43,667.5
31,408.6
45,482.9
114,670.4
203,567.2
365,024.4
365,057.9
489,064.7
659,019.3
692,193.1
731,510.3
776,783.7
835,943.2
874,857.8
937,067.2
954,650.4
1,061,048.0
1,081,407.4
1,115,052.5
1,121,277.0
1,166,149.5
1,183,043.6
1,261,279.5
1,287,578.5
1,348,231.4
1,422,272.7
1,472,125.9
1,491,902.6
1,530,246.2
1,556,911.6
1,555,213.6
1,553,081.3
1,570,398.9
1,631,658.9
1,653,170.0
1,672,342.0
1,617,792.1
1,607,257.3
1,653,214.5
1,662,311.1
1,639,487.7
1,663,783.5
1,652,200.0

Individuals

Other

Unclassified
loans

0.0
0.0
0.0
132.1
145.6
185.7
32,947.9
14,457.7
32,638.9
42,106.7
15,895.6
11,016.2
16,714.5
36,700.0
210,931.1
321,606.8
507,570.0
530,832.8
543,075.1
566,658.6
581,557.9
590,818.0
616,179.5
643,527.9
701,676.5
733,341.1
772,387.8
798,409.3
838,778.5
893,461.6
912,735.6
987,330.7
1,032,513.9
1,022,715.5
1,031,501.6
1,042,917.5
1,086,846.2
1,090,062.8
1,070,006.2
1,051,091.4
1,013,694.2
995,905.1
989,544.2
963,525.9
930,567.3
894,662.2
875,248.8
880,152.4
911,531.9
924,277.4
928,245.8

17,228.9
14,512.4
18,369.3
20,616.4
20,470.9
20,317.5
21,220.4
18,469.5
19,127.4
19,189.0
20,056.9
19,367.3
19,252.6
20,512.1
20,972.4
21,065.0
20,677.4
23,569.6
23,863.1
24,051.1
36,307.1
36,916.6
45,912.3
46,388.1
42,423.6
35,471.0
13,251.7
14,084.4
13,872.6
5,660.2
5,360.5
6,965.9
6,498.8
6,529.6
6,554.1
14,197.1
10,139.9

11,466.6
16,051.2
47,856.0
78,889.6
92,443.5
97,204.4
163,974.0
203,072.6
232,619.5
284,177.1
286,528.0
349,425.2
508,534.8
770,956.7
958,310.2
1,339,203.3
1,877,177.3
1,809,252.4
1,889,998.7
2,033,351.3
2,149,854.3
2,250,896.2
2,294,415.5
2,338,906.5
2,488,236.8
2,500,694.8
2,585,130.0
2,506,706.9
2,681,579.0
2,690,169.3
2,852,725.0
2,901,130.3
2,915,978.0
2,978,480.0
2,977,007.8
3,026,610.2
2,984,189.2
2,964,123.0
2,773,614.5
2,673,768.2
2,719,891.2
2,688,185.7
2,827,834.3
2,839,787.3
2,804,041.5
2,859,697.9
2,898,523.4
2,995,364.6
3,041,217.4
3,160,157.5
3,207,043.7

Data are revised, according to the changes in budget fund recording (Dec,2005-Aug,2006).


Monetary survey

continued

Money

Quasi-Money

()

Other items (net)

Total liabilities

End-of-period
Government lending loans

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

7,313.7
7,640.2
18,548.4
32,871.2
41,893.7
42,636.5
64,301.6
76,108.9
82,582.0
114,825.7
130,775.0
156,155.3
187,727.8
212,833.4
221,327.6
269,124.4
331,903.4
334,997.0
342,596.8
401,498.6
455,119.2
490,293.1
502,223.4
497,043.9
535,468.4
515,432.2
523,434.3
519,932.0
590,471.6
551,883.4
549,183.5
577,707.5
583,650.2
620,609.8
624,894.1
624,047.6
642,216.9
603,473.3
561,252.6
548,309.3
647,335.3
535,268.2
549,886.6
511,386.8
517,897.9
559,144.5
544,382.1
521,831.8
597,140.1
622,707.3
608,778.2

2,601.2
5,412.1
24,215.8
43,905.8
62,986.3
59,408.2
64,093.7
93,956.6
84,667.6
105,341.3
128,067.7
174,908.9
282,397.8
490,499.0
625,704.9
871,014.4
1,204,590.0
1,221,013.9
1,285,170.9
1,345,255.8
1,428,505.6
1,475,801.1
1,513,866.8
1,597,615.7
1,659,946.0
1,676,505.5
1,740,922.4
1,715,148.7
1,810,778.1
1,755,432.1
1,868,412.7
1,877,439.7
1,883,037.6
1,896,008.5
1,939,790.0
1,971,535.5
1,934,607.7
1,921,537.3
1,796,456.5
1,693,506.8
1,622,666.2
1,665,977.3
1,764,924.4
1,841,171.2
1,823,929.6
1,845,529.7
1,894,865.5
1,987,939.3
1,966,857.2
2,030,707.4
2,062,242.6

17,272.7
18,765.0
18,626.3
17,457.3
17,577.9
17,097.1
17,013.1
16,712.5
14,670.6
17,548.1
18,375.0
17,242.1
17,779.4
17,620.0
16,709.8
17,021.4
17,574.0
16,576.0
16,563.9
16,260.0
18,364.1
17,383.8
16,790.9
15,517.9
15,562.0
18,122.4
18,495.5
19,458.1
20,449.5
18,775.8
19,767.1
19,879.3
20,198.0
20,168.5
20,421.0
20,592.0

1,551.7
2,998.9
5,091.8
2,112.6
-12,436.5
-4,840.3
35,578.7
33,007.1
65,369.9
64,010.1
27,685.4
18,360.9
38,409.2
67,624.3
111,277.8
181,791.8
321,918.9
234,615.3
244,773.6
269,019.0
249,132.3
267,788.9
261,612.8
229,576.3
275,274.2
290,382.1
303,531.1
253,846.8
262,709.3
366,144.0
418,107.4
428,409.1
432,714.2
445,297.9
396,063.6
412,663.0
389,980.8
422,321.4
400,387.5
416,390.1
431,767.3
468,444.8
493,565.2
466,779.8
443,438.2
435,256.6
439,396.6
465,395.5
457,051.6
486,321.8
515,430.9

11,466.6
16,051.2
47,856.0
78,889.6
92,443.5
97,204.4
163,974.0
203,072.6
232,619.5
284,177.1
286,528.0
349,425.2
508,534.8
770,956.7
958,310.2
1,339,203.3
1,877,177.3
1,809,252.4
1,889,998.7
2,033,351.3
2,149,854.3
2,250,896.2
2,294,415.5
2,338,906.5
2,488,236.8
2,500,694.8
2,585,130.0
2,506,706.9
2,681,579.0
2,690,169.3
2,852,725.0
2,901,130.3
2,915,978.0
2,978,480.0
2,977,007.8
3,026,610.2
2,984,189.2
2,964,123.0
2,773,614.5
2,673,768.2
2,719,891.2
2,688,185.7
2,827,834.3
2,839,787.3
2,804,041.5
2,859,697.9
2,898,523.4
2,995,364.6
3,041,217.4
3,160,157.5
3,207,043.7


Balance sheet of Monetary Authorities

(for Monetary Survey)


in millions of togrogs

End-of-period

Foreign Assets

Claims on

Total assets

General

Public sector

Non-Bank

Private sector

Government

Banks

financial
institutions

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

1,989.0
2,212.3
25,615.6
42,589.0
48,137.4
54,544.5
67,811.4
113,769.2
114,166.1
173,895.5
209,409.6
227,993.2
301,875.6
237,578.1
252,331.8
414,620.6
838,510.5
943,846.9
972,479.6
1,029,211.1
1,076,529.0
1,130,451.9
1,170,561.4
1,255,572.7
1,265,794.2
1,275,409.0
1,267,962.8
1,217,685.1
1,173,166.2
1,232,818.1
1,221,757.0
1,178,447.8
1,189,363.1
1,136,918.2
1,133,869.4
1,187,902.0
1,074,746.6
1,012,420.1
866,902.6
735,925.9
836,153.7
766,329.1
777,765.2
796,730.1
899,360.7
928,588.8
1,126,806.0
1,193,901.1
1,378,905.0
1,517,945.3
1,800,892.1

82.0
0.0
759.2
6,405.3
1,513.3
433.7
38,361.2
23,979.6
26,120.9
24,234.4
19,658.8
13,570.5
0.0
164,216.0
105,300.0
99,372.9
34,443.8
33,696.0
33,696.0
33,696.0
33,696.0
33,696.0
33,696.0
23,696.0
23,696.0
23,696.0
23,696.0
23,696.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
60,000.0
61,147.2
168,273.2
172,547.2
230,658.9
233,271.2
230,767.0
207,332.1
207,968.6

0.0
0.0
0.0
0.0
0.0
0.0
5,513.4
3,908.3
8,960.1
4,565.4
903.2
867.6
866.6
556.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0

2.8
1.3
9.2
6.5
8.1
1.5
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0

150.3
150.3

1,528.5
6,152.7
6,637.3
10,374.9
8,713.5
7,739.5
1,712.4
3,092.8
5,631.5
6,651.2
4,777.0
7,347.6
8,038.0
12,688.7
22,331.5
17,743.8
18,191.3
18,467.0
19,679.3
22,209.6
22,074.1
22,032.7
19,960.9
18,107.1
18,715.9
21,886.0
21,541.1
22,108.3
18,549.7
17,554.4
18,720.5
21,282.6
23,149.1
23,599.5
16,774.4
17,231.1
64,223.7
53,526.4
92,333.7
185,098.2
243,076.9
244,339.1
250,443.6
234,104.9
208,137.1
152,093.6
152,501.5
142,133.6
142,521.0
156,188.1
156,293.6

3,602.3
8,366.3
33,021.3
59,375.7
58,372.3
62,719.2
113,398.5
144,749.9
154,878.6
209,346.6
234,748.6
249,929.2
310,930.5
415,039.0
379,963.3
531,737.3
891,145.6
996,009.9
1,025,854.9
1,085,116.7
1,132,299.1
1,186,180.6
1,224,218.4
1,297,375.9
1,308,206.1
1,320,991.0
1,313,200.0
1,263,489.4
1,191,715.9
1,250,372.5
1,240,477.5
1,199,730.4
1,212,512.1
1,160,517.8
1,150,643.8
1,205,133.1
1,138,970.3
1,065,946.5
959,236.3
921,024.1
1,079,230.6
1,010,668.3
1,088,208.8
1,091,982.2
1,275,770.9
1,253,229.6
1,509,966.4
1,569,305.9
1,752,193.0
1,881,465.5
2,165,154.3


Balance sheet of Monetary Authorities

(for Monetary Survey)

continued

End-of-period

Monetary base

Of which

Bank's cash

Banks' deposits

Private sector

Public sector

Time Savings &


Foreign currency

deposits

deposits

deposits

Currency outside
banks

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

2,068.1
5,316.2
14,277.1
29,139.1
35,430.5
37,507.7
51,210.2
63,017.1
74,778.7
112,073.6
132,932.4
143,785.4
175,305.4
200,795.5
234,905.4
281,236.3
381,792.0
383,588.8
401,314.0
431,034.1
496,012.3
521,640.5
514,656.9
483,436.0
454,220.3
454,286.5
439,776.4
415,073.6
535,047.7
471,407.0
434,145.2
447,109.3
489,337.1
531,285.6
505,056.2
535,979.9
529,024.4
512,573.6
476,188.5
491,052.8
633,682.0
578,299.5
648,330.2
587,775.2
536,077.4
556,513.7
749,832.2
659,996.6
695,029.1
658,907.5
730,344.2

1,694.3
1,839.2
8,750.6
18,767.2
25,034.7
25,591.2
41,704.4
49,768.3
56,445.8
87,281.3
100,933.4
109,160.7
120,783.6
131,496.7
143,512.7
152,369.5
185,126.7
174,236.5
167,635.8
216,156.2
251,693.5
267,387.9
262,423.4
266,735.2
290,167.8
267,321.2
263,964.6
261,749.3
283,325.3
265,937.0
245,276.5
256,681.7
273,465.9
303,759.6
307,790.8
301,239.1
323,227.4
286,146.0
262,515.5
262,999.8
328,724.0
278,335.9
305,664.2
272,600.7
287,660.5
308,010.7
283,798.8
274,273.9
300,428.7
282,417.7
274,566.4

308.7
1,057.2
2,035.5
3,037.6
3,886.4
4,141.9
4,391.4
7,048.2
5,308.4
4,286.2
6,461.0
10,045.1
13,859.2
21,329.9
25,008.4
39,318.8
59,931.8
50,328.3
56,845.3
48,655.8
60,681.3
55,417.7
57,355.8
58,274.9
61,384.0
66,011.4
59,080.5
61,846.4
80,695.9
72,457.0
64,695.7
71,723.1
70,569.7
69,790.2
79,868.9
68,346.0
72,379.9
74,853.2
66,750.0
67,889.9
78,431.5
68,239.5
91,568.5
65,620.1
67,893.1
73,087.0
73,901.0
76,311.0
83,638.1
81,011.2
85,031.6

37.8
2,408.6
3,450.4
7,334.3
6,509.4
7,774.6
5,114.4
6,200.6
13,024.5
20,506.1
25,538.0
24,579.6
40,662.6
47,968.8
66,384.3
89,548.0
136,733.5
159,024.0
176,832.9
166,222.0
183,637.6
198,834.9
194,877.7
158,425.9
102,668.5
120,953.9
116,731.4
91,477.8
171,026.5
133,013.0
124,173.0
118,704.4
145,301.5
157,735.8
117,396.5
166,394.7
133,417.1
151,574.4
146,923.0
160,163.2
226,526.5
231,724.0
251,097.6
249,554.4
180,523.8
175,416.0
392,132.3
309,411.8
310,962.3
295,478.6
370,746.2

0.0
0.0

27.3
11.2
40.6
0.0
0.0
0.0

0.1
0.0
0.0
0.0
0.0


Balance sheet of Monetary Authorities

(for Monetary Survey)

continued

End-of-period

Foreign liabilities

Long-term

()

()

Total liabilities

Central Bank bills


(net)

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

foreign liabilities

1,500.0
2,106.0
605.0
830.0
0.0
19,055.0
11,697.0
21,200.0
21,080.0
50,000.0
61,000.0
79,500.0
69,247.1 1
125,713.2
70,845.1
72,774.9
97,938.3
129,300.2
99,413.1
116,610.9
119,666.9
199,530.5
155,106.4
127,739.5
140,881.7
168,698.3
103,424.8
98,175.7
138,898.0
95,299.9
56,087.4
58,315.1
63,941.8
67,753.7
43,329.5
41,181.9
44,753.5
65,650.9
119,786.0
60,924.8
75,680.8
126,730.3
179,937.1
159,251.6
143,996.1
202,718.9
234,854.5
356,599.2
368,010.7

0.0
0.0
15,219.8
25,632.2
21,099.4
21,587.2
28,711.7
32,501.3
36,551.3
43,952.9
55,057.8
51,342.2
47,610.0
86,878.2
53,431.7
42,901.8
35,821.7
34,478.0
33,662.0
34,017.1
35,240.0
35,547.0
33,740.2
34,152.1
34,860.9
35,237.2
35,095.6
35,394.8
29,604.1
28,982.6
29,171.6
29,913.7
28,752.3
28,650.1
27,402.6
26,243.9
25,266.1
25,126.2
23,104.9
23,477.8
25,563.5
25,813.7
26,887.7
26,324.0
131,881.0
137,086.9
194,144.2
195,774.0
192,945.0
227,935.9
227,715.5

10.7
13.9
7,790.9
7,054.6
14,779.9
14,176.2
11,121.4
3,659.2

3,181.0
5,099.1
5,093.6
5,115.5
5,091.3
5,075.5
6,444.9
6,449.4
6,474.4
6,457.5
6,366.8
6,300.7
6,320.9
6,065.7
6,044.8
5,987.5
5,898.5
5,877.0
5,796.0
5,816.0
5,923.0
5,848.0
5,595.0
5,269.9
5,273.0
5,666.0
5,758.0
5,983.0
6,126.7
5,566.4
5,796.6
5,881.8
5,956.4
90,228.8
115,671.1
115,984.3

General
Government
deposits

784.4
1,201.8
638.6
2,465.1
4,038.9
1,649.5
8,388.0
12,819.9
2,908.1
4,821.7
17,940.0
16,930.5
33,516.6
91,713.9
53,025.8
90,298.2
405,129.0
509,013.6
513,965.7
500,790.6
532,588.2
523,784.1
578,969.3
616,321.4
661,975.8
698,368.6
707,713.8
724,004.0
606,580.3
622,085.6
573,102.1
567,741.6
569,220.1
498,016.9
528,287.6
551,479.1
553,371.9
504,819.8
461,283.4
383,930.9
208,445.7
222,096.6
186,170.6
193,338.9
289,274.8
282,133.4
312,564.0
374,920.1
444,203.2
415,728.5
597,677.0

Capital accounts

Other items (net)

Government lending loans

17,272.7
18,765.0
18,626.3
17,457.3
17,577.9
17,097.1
17,013.1
16,712.5
14,670.6
17,548.1
18,375.0
17,242.1
17,779.4
17,620.0
16,709.8
17,021.4
17,574.0
16,576.0
16,563.9
16,260.0
18,364.1
17,383.8
16,790.9
15,517.9
15,562.0
18,122.4
18,495.5
19,458.1
20,449.5
18,775.8
19,767.1
19,879.3
20,198.0
20,168.5
20,421.0
20,592.0

3,070.4
3,264.3
1,479.9
3,047.0
6,933.7
8,339.5
15,342.7
25,295.0
40,082.5
37,843.8
42,815.4
41,152.0
33,357.1
41,156.1
32,033.9
45,930.7
36,796.1
40,939.3
50,101.9
50,395.0
53,788.5
51,687.6
47,356.5
58,396.6
80,513.3
100,439.1
111,581.3
125,505.5
108,427.0
142,293.3
155,152.3
157,044.9
146,324.1
146,300.2
147,559.2
141,548.8
106,513.2
104,152.9
70,817.6
86,764.2
157,961.7
197,723.7
232,205.2
247,872.1
211,173.6
220,365.1
220,811.1
234,221.8
222,711.9
222,673.8
224,592.4

-2,331.4
-1,429.9
-7,885.0
-10,068.3
-24,515.1
-21,370.9
-1,375.5
-11,597.6
-11,139.0
-10,545.4
-35,077.1
-53,280.8
-39,858.7
-85,004.7
-62,680.6
-74,796.5
-63,102.5
-68,504.5
-93,699.8
-83,089.5
-106,915.7
-86,547.4
-93,333.3
-115,605.8
-102,476.3
-119,821.7
-145,391.7
-229,287.2
-215,053.7
-135,326.3
-113,000.6
-120,851.3
-99,661.9
-124,410.1
-143,679.5
-142,159.5
-141,766.5
-144,293.9
-137,699.5
-150,687.6
-89,996.7
-98,443.3
-106,506.9
-116,634.4
-96,915.1
-127,684.8
-137,142.3
-124,479.8
-147,948.1
-136,471.5
-119,761.7

3,602.3
8,366.3
33,021.3
59,375.7
58,372.3
62,719.2
113,398.5
144,749.9
154,878.6
209,346.6
234,748.6
249,929.2
310,930.5
415,039.0
379,963.3
531,737.3
891,145.6
996,009.9
1,025,854.9
1,085,116.7
1,132,299.1
1,186,180.6
1,224,218.4
1,297,375.9
1,308,206.1
1,320,991.0
1,313,200.0
1,263,489.4
1,191,715.9
1,250,372.5
1,240,477.5
1,199,730.4
1,212,512.1
1,160,517.8
1,150,643.8
1,205,133.1
1,138,970.3
1,065,946.5
959,236.3
921,024.1
1,079,230.6
1,010,668.3
1,088,208.8
1,091,982.2
1,275,770.9
1,253,229.6
1,509,966.4
1,569,305.9
1,752,193.0
1,881,465.5
2,165,154.3


Balance sheet of Other depository corporations

(for Monetary Survey)


in millions of togrogs

End-of-period

Claims on

Reserves

Central Bank

Foreign

: Of which:

bills

assets

General


Central

Local

Other

Government

Government

Government

financial
corporations

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

345.5
3,023.5
5,690.3
10,319.1
11,593.9
12,531.2
6,851.1
13,456.7
17,920.6
24,167.2
31,996.5
34,606.2
54,500.5
69,464.8
88,486.5
126,032.7
190,204.6
214,585.9
223,540.1
203,337.7
226,942.0
245,902.3
229,610.1
202,694.4
151,384.9
177,148.8
170,845.6
140,573.9
251,712.4
205,180.2
185,247.4
192,361.8
215,811.6
227,402.9
198,414.7
236,464.6
212,078.4
229,614.5
213,673.5
230,280.9
304,507.1
299,336.7
342,342.1
315,174.5
248,416.9
248,607.0
466,039.8
385,698.3
392,369.7
376,575.3
455,017.0

1,500.0
2,106.0
605.0
830.0
0.0
19,055.0
11,697.0
21,203.9
22,846.7
49,904.7
60,995.0
75,989.3
69255.6 1
125,677.9
70,813.9
72,739.5
97,784.6
129,164.6
99,097.0
116,417.7
119,467.0
199,215.2
154,863.6
126,849.3
139,966.1
168,055.6
102,798.4
97,838.2
138,466.1
95,095.9
55,629.4
57,888.1
63,328.4
67,578.2
43,177.4
41,088.1
44,710.4
65,665.2
119,723.3
60,882.2
75,768.0
126,712.2
179,946.6
159,379.0
143,993.5
202,720.1
234,870.0
356,697.2
367,667.9

3,214.6
2,090.6
16,325.2
17,271.4
23,553.8
25,412.1
43,254.0
66,415.6
26,115.7
41,710.6
53,211.3
52,338.6
70,715.8
157,070.1
165,806.3
256,492.7
410,185.2
354,748.7
343,182.1
353,732.8
399,238.3
419,417.0
383,224.9
346,082.9
385,409.9
382,443.6
414,971.6
382,192.3
423,587.1
358,548.5
391,225.0
418,158.1
410,385.4
444,123.8
453,862.4
515,034.1
449,548.1
432,265.0
376,266.3
337,847.8
294,472.1
312,060.1
386,948.1
410,285.9
390,891.9
469,964.7
431,398.8
522,101.7
497,368.4
445,918.4
407,106.4

5.0
99.9
232.7
737.4
1,563.5
642.6
12,534.8
35,450.8
38,328.4
39,268.8
40,059.5
32,457.8
30,742.6
46,905.0
31,225.8
3,167.1
4,887.4
2,002.0
2,526.6
3,384.4
13,368.4
16,880.8
23,557.5
31,475.6
35,177.7
39,890.9
46,048.6
41,260.1
24,102.2
20,404.4
19,702.2
12,055.6
4,797.6
4,798.1
6,260.2
7,087.5
7,325.5
7,550.3
8,858.2
9,135.0
2,503.9
2,583.8
3,336.3
3,060.4
2,221.0
2,522.2
3,331.0
3,848.0
4,359.1
4,295.0
12,731.4

31,225.8
3,167.1
4,887.4
2,002.0
2,526.6
3,384.4
13,368.4
16,880.8
23,557.5
31,475.6
35,177.7
39,890.9
46,048.6
41,260.1
24,102.2
20,404.4
19,702.2
12,055.6
4,797.6
4,798.1
6,260.2
7,087.5
7,325.5
7,550.3
8,858.2
9,135.0
2,503.9
2,583.8
3,336.3
3,060.4
2,221.0
2,522.2
3,331.0
3,848.0
4,359.1
4,295.0
12,731.4

455.1
498.8
1,597.1
1,531.0
2,588.9
2,605.8
2,834.0
2,451.4
2,437.1
1,349.8
1,890.8
2,025.3
2,846.7
2,747.5
2,828.5
3,568.9
3,990.8
5,723.8
9,492.7
7,729.6
8,520.5
7,459.0
5,064.2
4,442.2
5,227.2
4,497.8
3,412.1
3,934.3
3,278.4
4,039.9
4,078.1
4,385.7
3,767.8
4,021.2
5,155.8
4,274.1
4,310.8

10


Balance sheet of Other depository corporations

(for Monetary Survey)

continued

End-of-period

Total assets

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

Public

Private

sector

sector

9,779.6
12,204.2
21,744.4
12,193.3
8,892.2
10,883.3
9,006.9
7,804.7
9,335.5
3,999.1
5,378.3
9,534.4
11,318.3
15,647.4
13,125.7
34,169.2
36,731.6
34,991.1
36,437.9
38,207.6
36,051.3
23,141.8
25,409.5
21,653.4
23,436.7
22,979.8
20,139.3
18,132.7
27,331.8
32,307.5
31,830.7
31,726.2
22,429.4
10,826.0
10,977.9
14,331.2
17,206.9
19,053.9
18,413.0
23,977.7
34,794.6
26,411.5
25,436.3
26,158.4
22,441.4
21,635.9
20,199.9
27,764.4
26,099.5
24,402.5
23,089.8

Individuals

Unclassified

Other

loans

3,072.5
6,924.4
9,850.1
40,631.5
55,289.7
51,652.0
22,851.8
28,112.6
43,667.5
31,408.6
45,482.9
114,670.4
203,567.2
365,024.4
365,057.9
489,064.7
659,019.3
692,193.1
731,510.3
776,783.7
835,943.2
874,857.8
937,067.2
954,650.4
1,061,048.0
1,081,407.4
1,115,052.5
1,121,277.0
1,166,149.5
1,183,043.6
1,261,279.5
1,287,578.5
1,348,231.4
1,422,272.7
1,472,125.9
1,491,902.6
1,530,246.2
1,556,911.6
1,555,213.6
1,553,081.3
1,570,398.9
1,631,658.9
1,653,170.0
1,672,342.0
1,617,792.1
1,607,257.3
1,653,214.5
1,662,311.1
1,639,487.7
1,663,783.5
1,652,200.0

132.1
145.6
185.7
32,947.9
14,457.7
32,638.9
42,106.7
15,895.6
10,865.9
16,564.2
36,700.0
210,931.1
321,606.8
507,570.0
530,832.8
543,075.1
566,658.6
581,557.9
590,818.0
616,179.5
643,527.9
701,676.5
733,341.1
772,387.8
798,409.3
838,778.5
893,461.6
912,735.6
987,330.7
1,032,513.9
1,022,715.5
1,031,501.6
1,042,917.5
1,086,846.2
1,090,062.8
1,070,006.2
1,051,091.4
1,013,694.2
995,905.1
989,544.2
963,525.9
930,567.3
894,662.2
875,248.8
880,152.4
911,531.9
924,277.4
928,245.8

17,228.9
14,512.4
18,369.3
20,616.4
20,470.9
20,317.5
21,220.4
18,469.5
19,127.4
19,189.0
20,056.9
19,367.3
19,252.6
20,512.1
20,972.4
21,065.0
20,677.4
23,569.6
23,863.1
24,051.1
36,307.1
36,916.6
45,912.3
46,388.1
42,423.6
35,471.0
13,251.7
14,084.4
13,872.6
5,660.2
5,360.5
6,965.9
6,498.8
6,529.6
6,554.1
14,197.1
10,139.9

16,417.2
24,342.6
55,342.7
83,390.8
101,643.7
102,136.9
127,446.5
184,753.1
179,703.6
203,865.0
214,870.8
304,377.9
448,403.7
766,800.9
892,317.2
1,371,222.2
1,899,378.5
1,924,240.5
2,001,116.5
2,094,192.6
2,216,252.7
2,308,356.2
2,356,080.2
2,419,838.6
2,534,945.1
2,585,453.5
2,701,510.8
2,693,160.5
2,858,261.0
2,815,418.0
2,965,154.7
3,053,600.3
3,123,154.5
3,221,807.6
3,281,298.7
3,419,691.4
3,397,405.2
3,427,376.6
3,334,792.1
3,311,048.2
3,356,758.0
3,346,857.1
3,493,696.0
3,526,959.6
3,401,715.8
3,415,379.8
3,603,692.8
3,695,146.7
3,717,796.3
3,814,420.7
3,860,509.0

11


Balance sheet of Other depository corporations

(for Monetary Survey)

continued

End-of-period

()

Demand
deposits

Time savings
deposits, and foreign

Foreign
liabilities

currency

Long-term
foreign

General
Government

liabilities

deposits

demand deposits

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

5,592.1
5,789.8
9,757.2
14,104.0
16,859.0
17,045.3
22,597.2
26,340.6
26,136.2
27,544.4
29,841.6
46,994.6
66,944.1
81,336.7
77,814.9
116,754.9
146,776.7
160,760.5
174,961.0
185,342.4
203,425.7
222,905.2
239,800.0
230,308.7
245,300.7
248,111.1
259,469.8
258,182.7
307,146.3
285,946.5
303,907.0
321,025.8
310,184.3
316,850.2
317,103.3
322,808.4
318,989.5
317,327.3
298,737.1
285,309.5
318,611.3
256,932.2
244,222.4
238,786.1
230,237.3
251,133.8
260,583.2
247,557.9
296,711.4
340,289.6
334,211.8

2,601.1
5,412.1
24,215.8
43,905.8
62,986.3
59,408.2
64,093.7
93,956.6
84,667.6
105,341.3
128,067.7
174,908.9
282,397.8
490,499.0
625,704.9
871,014.4
1,204,590.0
1,221,013.9
1,285,170.9
1,345,255.8
1,428,505.6
1,475,801.1
1,513,866.8
1,597,615.7
1,659,946.0
1,676,505.5
1,740,922.4
1,715,148.7
1,810,778.1
1,755,432.1
1,868,412.7
1,877,439.7
1,883,037.6
1,896,008.5
1,939,790.0
1,971,535.5
1,934,607.7
1,921,537.3
1,796,456.5
1,693,506.8
1,622,666.2
1,665,977.3
1,764,924.4
1,841,171.2
1,823,929.6
1,845,529.7
1,894,865.5
1,987,939.3
1,966,857.2
2,030,707.4
2,062,242.6

4,708.2
4,316.0
3,325.3
4,528.9
7,795.0
6,659.7
8,620.1
12,246.3
7,173.0
4,111.7
1,693.0
2,220.1
4,755.2
7,328.5
44,827.4
43,775.8
68,501.0
150,582.5
154,685.8
161,886.1
167,529.6
178,552.4
188,443.0
193,240.0
196,929.8
199,665.7
206,863.9
207,697.5
202,962.6
215,628.5
228,909.3
255,828.2
304,250.1
308,533.6
323,763.8
386,137.9
387,631.2
368,351.7
380,030.2
375,065.0
407,335.3
427,347.0
463,182.6
470,254.0
411,895.5
400,567.3
404,002.4
407,816.6
396,709.8
344,133.9
345,596.9

1,971.0
3,809.5
1,303.5
397.5
0.0
0.0
0.0
0.0
12,800.4
5,682.5
4,173.2
6,603.8
11,718.8
44,100.0
8,873.8
11,056.1
7,501.4
7,539.6
7,449.9
7,485.3
8,547.4
8,108.1
8,488.3
8,709.6
7,215.4
7,060.4
6,832.2
6,256.2
6,074.8
6,445.5
6,323.7
7,270.1
7,411.0
7,088.5
7,398.7
10,113.1
10,261.6
10,170.2
10,568.3
11,372.7
8,582.8
8,470.5
9,046.2
7,995.6
8,019.9
9,918.8
9,933.7
14,632.7
21,558.2
25,362.4
25,370.9

1,186.3
1,949.8
7,496.7
8,450.7
13,726.8
16,654.6
22,587.7
33,258.4
20,081.2
24,125.8
24,607.1
35,926.8
29,665.3
22,719.8
42,993.6
103,089.0
112,084.7
98,498.4
81,089.8
81,975.7
101,603.7
106,851.5
100,754.9
99,393.7
122,510.4
133,166.9
134,421.6
139,531.8
144,049.9
175,861.4
166,979.2
176,808.0
209,588.1
246,869.8
283,748.6
297,043.3
250,328.1
290,908.1
289,439.5
278,140.4
393,196.7
375,295.8
394,246.6
399,123.8
390,307.2
413,328.8
526,074.8
539,436.2
513,366.2
517,436.1
527,296.5

12


Balance sheet of Other depository corporations

(for Monetary Survey)

continued

End-of-period

:
-

()

Total liabilities

Credits from
Central bank

Capital
accounts

Other items
(net)

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

Of which
Central

Local

Government

Government

deposits

deposits

38,478.0
100,064.2
104,842.2
88,566.1
71,404.7
74,117.5
90,942.5
95,723.6
90,253.5
88,223.8
111,946.9
121,388.7
122,616.6
128,607.3
137,127.9
163,199.0
156,890.1
168,475.0
199,034.6
234,347.0
272,811.3
284,345.5
239,005.2
279,457.9
279,386.6
267,311.9
386,092.7
367,819.1
386,740.1
392,428.7
385,135.1
405,777.0
519,297.7
533,000.8
502,394.9
507,073.1
518,729.5

4,515.6
3,024.9
7,242.4
9,932.2
9,685.1
7,858.1
10,661.2
11,127.8
10,501.3
11,169.9
10,563.5
11,778.2
11,805.1
10,924.5
6,921.9
12,662.4
10,089.0
8,333.0
10,553.5
12,522.8
10,937.3
12,697.8
11,322.9
11,450.2
10,052.9
10,828.5
7,104.0
7,476.6
7,506.5
6,695.0
5,172.1
7,551.8
6,777.1
6,435.4
10,971.3
10,363.0
8,566.9

1,522.6
6,287.6
5,390.9
10,151.8
9,134.2
7,401.9
10,890.1
762.5
4,459.0
2,074.8
0.0
4,094.5
4,326.9
12,839.3
23,838.2
18,149.8
19,092.3
19,380.3
20,997.7
23,520.2
23,387.4
23,152.5
21,158.5
19,293.5
19,752.0
22,364.0
21,964.5
22,439.4
18,935.9
17,940.7
18,845.3
21,353.0
20,203.0
18,528.4
16,902.0
16,657.6
66,182.9
53,033.2
91,588.6
184,177.8
227,137.5
241,783.5
247,454.6
230,817.9
209,923.8
168,121.4
151,439.9
141,058.6
146,377.1
156,126.2
156,196.1

1,687.9
2,641.8
7,291.8
12,784.2
15,105.1
16,998.1
-13,538.2
16,770.0
7,061.1
4,565.4
29,947.6
47,173.0
61,289.3
110,392.5
167,101.1
207,075.7
294,780.0
291,779.9
294,162.4
301,470.2
307,336.2
311,119.4
318,872.0
326,815.5
335,073.6
345,391.2
354,670.3
365,735.1
376,385.6
383,491.0
391,567.6
404,061.1
412,169.3
419,970.1
426,620.7
444,801.1
448,806.5
479,801.3
485,380.0
492,638.9
340,566.4
346,476.4
354,228.0
359,061.8
352,584.9
315,904.3
323,391.9
270,869.3
284,664.7
249,819.4
243,822.3

-2,852.0
-5,864.0
-3,438.5
-10,932.1
-23,962.7
-22,030.9
12,195.9
1,418.7
17,325.1
30,419.0
-3,459.4
-13,543.9
-12,693.8
-2,415.0
-98,836.5
306.4
46,052.5
-25,314.5
-17,401.0
-12,743.0
-24,082.8
-18,134.0
-35,303.3
-55,538.2
-51,782.8
-46,811.2
-23,633.9
-21,830.7
-8,072.2
-25,327.6
-19,790.0
-10,185.5
-23,688.8
7,958.6
-34,028.4
-29,405.5
-19,402.3
-13,752.6
-17,408.1
-9,163.0
38,661.8
24,574.3
16,391.2
-20,250.9
-25,182.4
10,875.6
33,401.3
85,836.1
91,551.7
150,545.6
165,771.9

16,417.2
24,342.6
55,342.7
83,390.8
101,643.7
102,136.9
127,446.5
184,753.1
179,703.6
203,865.0
214,870.8
304,377.9
448,403.7
766,800.9
892,317.2
1,371,222.2
1,899,378.5
1,924,240.5
2,001,116.5
2,094,192.6
2,216,252.7
2,308,356.2
2,356,080.2
2,419,838.6
2,534,945.1
2,585,453.5
2,701,510.8
2,693,160.5
2,858,261.0
2,815,418.0
2,965,154.7
3,053,600.3
3,123,154.5
3,221,807.6
3,281,298.7
3,419,691.4
3,397,405.2
3,427,376.6
3,334,792.1
3,311,048.2
3,356,758.0
3,346,857.1
3,493,696.0
3,526,959.6
3,401,715.8
3,415,379.8
3,603,692.8
3,695,146.7
3,717,796.3
3,814,420.7
3,860,509.0

13


Consumer price index

in percent


End-of-period

Food items

Of which
,

Wheat productsMeat and meat
products

1991 01

100.0

100.0

1991 12
1992 12
1993 12
1994 12
1995 06

134.4
755.4
2,247.0
3,565.3
4,204.8

124.0
978.4
2,906.7
4,147.5
4,880.6

1995 12
1996 12
1997 12
1998 12
1999 01
1999 02
1999 03
1999 06
1999 12
2000 01
2000 03
2
12

58.7
78.2
87.0
87.7
87.4
92.8
95.6
107.2
95.5
102.0
110.4
46.6

17.2
27.0
28.1
27.6
27.4
27.1
27.0
27.0
28.8
29.1
29.3
12.9

2001 12
2002 12
2003 12
2004 12
2005 12
2006 01
02
03

50.7
49.9
53.8
61.9
71.5
72.8
74.6
74.0

13.3
12.2
14.2
16.1
15.8
15.8
15.8
15.8

3
,

End-of-period

Food &
non-alcoholic
beverages

2005 12
2006 12
2007 12
3
2005 12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

Of which

Of which
,
Foodstuffs

42.21 40.64
43.61 41.89
54.44 52.64
41.08 39.52
54.60 52.88
57.67 55.92
60.57 58.73
67.87 66.00
75.00 73.07
77.03 75.13
76.78 74.81
74.30 72.28
71.39 69.28
67.94 65.80
65.47 63.35
65.08 62.96
65.68 63.51
66.28 64.06
69.62 67.34
72.91 70.50
74.73 72.32
73.07 70.78
71.25 68.96
68.95 66.63
66.15 63.79
64.26 61.89

100.0

, , ,
,

Milk and dairy Sugar, candy, Potatoes and


products
tea, fruits
vegetables

Clothes,
shoes

Other food items


Soft drinks,
cigarettes

100.0

100.0

100.0

100.0

136.4
156.3
468.3
884.2
1,744.3
2,153.2
2,723.1
3,658.8
3,771.1
3,211.4
1995.12=100
18.4
5.1
19.5
7.1
21.2
9.6
22.0
10.0
21.1
10.0
25.8
10.0
27.3
10.2
39.3
8.5
25.0
10.0
29.8
10.5
35.5
11.1
12.4
5.2
2000.12=100
14.8
5.5
14.8
5.6
18.3
5.3
22.6
5.2
29.9
5.8
31.0
6.0
32.5
5.9
31.6
6.0

131.4
828.9
2,736.5
4,681.4
5,686.6

126.9
800.1
1,424.5
1,855.4
1,700.8

192.4
679.1
1,304.3
2,363.1
2,838.1

4.5
6.3
7.8
7.7
8.1
8.1
8.3
8.3
8.5
8.5
9.0
3.7

10.3
15.4
20.6
22.8
22.8
22.8
22.6
22.8
23.9
23.4
23.1
13.5

4.3
4.3
4.2
4.4
4.7
4.6
4.7
4.8

14.1
14.9
14.9
15.0
14.9
14.9
14.9
14.9

Bread, flour, Meat and meat


cereals
products

11.44
11.77
16.26
9.92
13.57
14.20
14.99
17.31
19.92
19.97
19.84
19.87
19.78
19.67
19.24
18.77
18.68
18.71
19.12
19.51
19.41
19.15
19.12
19.26
19.21
19.06

14.44
14.43
17.28
16.51
21.89
23.54
24.72
28.66
31.37
32.57
31.95
29.12
26.93
23.89
22.01
21.84
22.04
22.19
24.40
26.28
28.05
27.65
25.28
23.11
21.30
19.94

4.9

4.1

4.9
7.5
8.7
10.1
10.0
9.9
10.3
10.3
10.6
10.6
10.8
3.5

4.9
4.7
4.8
5.1
5.5
5.6
5.8
5.9

4.3
4.8
3.5
4.3
5.2
5.5
5.7
5.6

3.6
3.6
3.7
4.0
4.5
4.3
4.3
4.3

,
,

, , ,

Milk dairy
Sugar, jam, candy,
Vegetables
products, & eggsand chocolate

2005.12=100
3.92
4.10
4.91
3.55
4.66
4.87
5.22
5.71
5.72
5.25
4.97
5.11
5.14
5.58
5.79
6.03
6.20
6.35
6.38
6.59
6.49
5.61
5.29
5.09
5.30
5.66

2.05
2.37
2.38
1.61
1.89
1.90
1.98
2.01
2.09
2.11
2.18
2.21
2.22
2.22
2.23
2.23
2.26
2.28
2.51
2.72
2.73
2.73
2.76
2.86
3.05
3.05


Alcoholic
,
beverages,
tobacco
Oils & fats
Non-alcoholic
beverages

4.28
4.39
4.96
4.12
4.90
5.30
5.63
5.99
7.20
8.36
8.89
8.90
8.04
7.32
7.16
7.01
7.21
7.42
9.09
8.03
8.29
8.43
9.29
9.13
7.71
7.01

2.35
2.38
3.65
2.27
3.67
3.69
3.72
3.80
4.18
4.29
4.24
4.36
4.50
4.44
4.44
4.41
4.40
4.38
4.39
4.37
4.35
4.27
4.26
4.21
4.24
4.22

1.57
1.72
1.79
1.56
1.72
1.75
1.85
1.87
1.92
1.90
1.97
2.02
2.11
2.14
2.12
2.12
2.17
2.21
2.28
2.41
2.41
2.29
2.29
2.32
2.36
2.37

2.94
3.04
3.11
2.26
2.43
2.48
2.51
2.51
2.48
2.52
2.57
2.58
2.58
2.59
2.56
2.59
2.70
2.78
2.85
2.89
3.04
3.11
3.13
3.15
3.15
3.15

,
,

Clothing,
footwear
and cloths

10.14
10.90
11.22
12.38
13.62
13.67
13.80
13.88
14.45
14.73
15.18
15.49
16.01
16.44
17.11
17.10
17.06
16.71
16.73
16.71
16.70
16.71
16.81
16.96
17.39
17.46

: ,
Source: Monthly Statistical Bulletin, NSC
2000 12 - 205 239 .
Since december 2000 the CPI calculation is based on the basket containing 239 consumer goods compared to205 in previous years.

2
3

2006 4 - 287 , 2005 12 .

Since April 2006 the items in consumer basket updated to 287 and prices of December 2005 was taken as the base period.

15


Consumer price index

continued


End-of-period

Of which
,

.
,

Cotton, fabrics Men's


clothing

1991 01 16

1991 12
1992 12
1993 12
1994 12
1995 06
1

1995 12
1996 12
1997 12
1998 12
1999 01
1999 02
1999 03
1999 06
1999 12
2000 01
2000 03
2
12
2001 12
12
12
12
12
2006 01
02
03

100.0

2
2

Children's
clothing

Shoes

100.0

Household
items

Medicine

Transport &
communication

100.0

100.0

100.0

100.0

115.5
245.8
1,068.3
1,595.7
1,644.4

209.6
795.8
2,087.2
3,247.2
4,458.6

100.0
196.7
1,933.9
1,933.9
1,933.9

137.3
535.3
1,673.3
3,221.1
3,276.1

10.4
17.9
27.0
29.5
29.3
30.6
31.7
31.6
32.1
32.7
31.6
14.1

3.9
5.4
6.6
6.1
6.2
6.2
6.2
6.1
6.5
6.5
6.5
3.2

2.1
3.0
3.8
3.9
3.9
3.9
3.9
3.9
4.6
4.6
4.6
1.4

7.6
13.6
15.0
17.8
18.3
18.3
19.2
19.2
23.3
23.3
23.1
10.1

17.2
18.0
17.7
18.4
19.5
19.2
20.2
19.8

3.3
3.4
3.3
3.4
3.6
3.6
3.6
3.6

1.4
1.5
1.6
1.7
1.8
1.8
1.9
1.9

10.2
10.5
10.8
13.1
13.9
14.0
14.0
14.1

6.26
6.97
6.96
8.11
9.03
9.11
9.19
9.27
9.74
9.95
10.35
10.64
10.82
11.06
11.35
11.35
11.32
11.11
11.29
11.25
11.44
11.47
11.58
11.74
12.09
12.04

100.0

,
,

Utilities

100.0

Clothing,
cloth

2005 12
12
12
3
2005 12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

148.4
174.5
229.3
100.0
236.1
676.3
347.3
541.2
440.9
965.4
1,161.6
650.4
896.4
1,404.4 1,782.9
1,957.5 1,259.4 2,110.3
2,126.9 3,377.3
3,532.6 1,265.0 2,567.1
2,161.4 3,740.3
1995.12=100
0.4
1.5
3.4
1.0
4.0
0.6
2.3
4.5
1.8
6.2
0.7
2.9
6.5
2.3
8.2
0.6
3.2
6.9
2.4
9.4
0.6
3.2
6.8
2.4
9.4
0.6
3.2
6.8
2.4
9.4
0.6
3.0
6.7
2.3
9.5
0.6
3.0
6.7
2.3
9.7
0.6
3.1
7.1
2.4
10.2
0.6
3.1
7.0
2.4
9.9
0.6
3.1
6.8
2.4
9.8
0.3
3.5
4.6
0.5
4.6
2000.12=100
0.2
3.9
4.7
0.6
4.6
0.3
4.0
4.8
0.6
5.2
0.3
4.0
4.7
0.7
5.1
0.3
4.3
4.6
0.7
5.0
0.4
4.1
4.8
0.7
5.0
0.4
4.1
4.8
0.7
5.0
0.4
4.1
4.7
0.7
5.0
0.4
4.1
4.7
0.7
5.0

Of which
,

End-ofperiod

100.0

Women's
clothing

Men's
clothing

Women's
clothing

Children's
clothing

2005.12=100
2.72
2.62
3.00
2.91
3.04
2.78
3.26
2.93
3.59
3.14
3.63
3.16
3.66
3.19
3.71
3.24
3.86
3.44
3.98
3.55
4.24
3.63
4.34
3.70
4.42
3.73
4.47
3.83
4.62
3.91
4.62
3.91
4.58
3.94
4.49
3.84
4.63
3.85
4.66
3.81
4.73
3.99
4.79
3.99
4.82
3.98
4.90
3.99
4.97
4.09
4.92
4.09

0.33
0.35
0.41
1.11
1.36
1.37
1.39
1.37
1.48
1.49
1.53
1.63
1.69
1.76
1.77
1.76
1.75
1.75
1.75
1.74
1.74
1.73
1.81
1.88
1.89
1.92

,
, ,

Housing,
water,
Footwear electricity,
and fuels

3.88
4.04
4.37
4.27
4.59
4.56
4.62
4.61
4.71
4.78
4.83
4.85
5.19
5.38
5.75
5.74
5.74
5.60
5.44
5.45
5.25
5.24
5.23
5.23
5.30
5.41

10.51
11.44
12.72
13.40
15.48
16.01
15.53
15.45
15.32
15.65
16.76
17.82
19.30
19.11
18.45
18.45
18.17
17.77
17.78
17.22
17.31
17.47
17.57
17.65
17.90
17.67

Of which
,

.
Water supply
& miscellaneous
services

3.32
3.91
4.54
4.24
5.36
5.37
5.37
5.37
5.37
5.37
5.37
5.37
5.80
5.83
5.83
5.83
5.82
5.83
5.83
5.87
5.87
5.87
5.89
5.89
5.89
5.89

,


Electricity,
gas and
other
fuels

, ,

Furnishings,
household
equipment
& tools

Medical care &


services

Transport

6.09
6.39
6.72
7.60
8.11
8.65
8.15
8.05
7.75
8.11
9.03
10.02
10.93
10.56
9.90
9.90
9.67
9.28
9.28
8.64
8.85
9.04
9.11
9.14
9.39
9.18

3.31
3.55
4.04
4.30
5.24
5.28
5.51
5.62
5.72
5.76
5.83
5.86
5.95
6.02
6.00
5.99
6.07
5.99
6.17
6.25
6.19
6.29
6.27
6.38
6.37
6.35

1.79
2.22
2.53
1.62
2.13
2.13
2.18
2.48
2.51
2.52
2.52
2.55
2.70
2.68
2.69
2.68
2.69
2.69
2.70
2.72
2.91
2.91
2.95
2.95
2.95
3.02

9.53
10.67
11.81
8.71
10.60
10.57
10.91
10.91
10.99
11.11
11.38
14.84
15.05
14.85
14.63
14.17
13.72
13.58
13.88
13.66
12.97
13.08
13.70
13.87
14.02
14.01

2000 12 - 205 239 .


Since december 2000 the CPI calculation is based on the basket containing 239 consumer goods compared to205 in previous years.

2006 4 - 287 , 2005 12 .

Since April 2006 the items in consumer basket updated to 287 and prices of December 2005 was taken as the base period.

16


Consumer price index

continued


End-of-period

Articles for
Cultural needs

Other goods
& services

General CPI

Monthly
changes

%
Changes
from the
beginning
of year

1991 01 16

100.0

100.0

100.0

1991 12
1992 12
1993 12
1994 12
1995 06

277.3
581.0
2,154.8
4,427.9
7,537.2

152.7
649.8
1,838.7
3,057.8
3,661.0

5.1
11.0
2.5
2.1
7.3

325.5
183.0
66.3
19.7

1995 12
1996 12
1997 12
1998 12
1999 01
1999 02
1999 03
1999 06
1999 12
2000 01
2000 03
2
12

3.6
5.7
8.2
9.8
9.8
9.8
9.8
10.1
11.3
11.3
11.5
7.4

100.0
144.6
174.2
184.7
184.8
191.5
194.6
206.6
203.1
210.1
217.1
100.0

2.1
3.2
0.9
2.1
0.1
3.6
1.6
0.1
1.6
3.4
0.9
2.1

53.1
44.6
20.5
6.0
0.1
3.7
5.4
11.9
10.0
3.4
6.9
8.1

12
12
12
12
12
2006 01
02
03

7.3
7.6
8.4
9.0
9.6
9.6
9.6
9.7

152.3
430.2
1,483.8
2,904.7
3,146.9
1995.12=100
3.5
5.3
6.4
7.4
7.5
7.5
7.5
7.6
7.9
8.3
8.3
3.7
2000.12=100
3.8
3.9
4.5
4.8
5.0
5.0
5.0
5.1

107.9
109.8
114.9
127.4
139.6
140.8
143.8
143.0

2.1
1.6
1.1
0.9
1.2
0.8
2.1
-0.4

8.0
1.6
4.7
11.0
9.5
0.8
2.9
2.5

Annual
changes

. .
12
Moving
average of
monthly
inflation

20.5
6.0
3.9
7.1
4.4
8.6
10.0
13.7
11.6

1.6
0.5
0.3
0.6
0.4
0.7
0.8
1.1
0.9

8.0
1.6
4.7
11.0
9.5
8.1
6.8
5.8

0.7
0.1
0.4
1.2
0.8
0.7
0.6
0.5

% %
%

Core inflation
Monthly Changes
changes from the
beginning
of year

0.5
-0.7
-0.5
-0.5
-0.3
1.4
0.2

National CPI
Monthly Changes
Annual
changes from the
changes
begin. of year

3.54
-0.33
1.02
1.22

Of which

,

End-ofperiod

Operation of personal transport


equipment
3

2005 12
12
12
3
2005 12
2008 01
2
3
4
5
6
7
8
9
10
11
12
2009 01
02
03
04
05
06
07
08
09
10
2
2

2.23
2.35
2.88
2.47
3.20
3.20
3.47
3.47
3.49
3.49
3.60
4.58
4.54
4.31
4.03
3.59
3.34
3.13
3.49
3.43
2.89
3.00
3.53
3.60
3.77
3.77

Transport
services

4.80
5.80
6.00
5.76
6.81
6.79
6.84
6.84
6.89
7.01
7.18
9.64
9.86
9.84
9.94
9.87
9.62
9.63
9.63
9.51
9.37
9.37
9.49
9.58
9.58
9.56

,
,

Communi- Recreation &


cation
culture

Education

3.13
2.71
2.43
4.05
2.90
2.90
2.89
2.89
2.88
2.88
2.78
2.78
2.78
2.78
2.78
2.78
2.78
2.78
2.77
2.99
2.98
2.99
2.99
2.98
2.98
2.98

3.70
3.93
3.99
3.33
3.73
3.78
3.90
3.91
3.95
3.91
3.90
3.91
3.95
4.01
4.02
4.05
4.07
4.09
4.08
4.12
4.17
4.19
4.19
4.20
4.10
4.11

5.44
6.01
7.22
4.15
5.50
5.50
5.50
5.50
5.50
5.50
5.50
7.57
7.57
7.57
7.57
7.57
7.57
7.57
7.57
7.57
7.57
7.57
7.57
8.25
8.25
8.25

Restraurants
hotels

2.70
2.98
3.39
1.72
2.11
2.09
2.18
2.22
2.46
2.47
2.48
2.72
2.76
2.76
2.80
2.80
2.80
2.80
2.86
2.89
2.92
3.03
3.03
3.10
3.13
3.13

Miscellaneous
goods
& services

General CPI

2005.12=100
4.58
4.89
5.07
3.00
3.48
3.49
3.51
3.63
3.85
3.88
3.90
3.93
3.99
4.00
3.99
4.02
4.10
4.15
4.25
4.29
4.40
4.42
4.46
4.51
4.66
4.66

100.0
106.0
122.0
100.0
121.8
125.6
129.0
136.9
145.1
147.9
149.6
154.3
154.0
150.8
148.1
147.3
147.4
147.3
151.4
154.2
155.9
155.0
153.9
152.9
151.1
149.0

Monthly
changes

Changes
from the
beginning
of the year

Annual
changes

. .
12

%
%
Moving
average of
monthly
inflation


%
%
% %

Core inflation 4
National CPI
Monthly Changes Annual Monthly Changes
Annual
changes from the changes changes from the
changes
begin. of year
begin. of year

0.5
1.1

6.0
15.1

61.67
6.0
15.1

0.5
1.2

0.1
0.1

7.3
14.3

1.9
3.1
2.7
6.1
6.0
1.9
1.1
3.2
-0.2
-2.1
-1.8
-0.5
0.1
-0.1
2.8
1.9
1.1
-0.7
-0.6
-0.6
-1.2
-1.3

1.9
5.1
7.9
14.5
21.4
23.8
25.1
29.1
28.8
26.1
23.8
23.2
0.1
0.0
2.7
4.7
5.9
5.1
4.5
3.9
2.6
1.2

17.5
17.9
20.6
26.4
32.6
32.4
33.1
33.7
31.7
27.2
24.5
23.2
21.0
17.2
17.2
12.6
7.4
4.7
2.9
-0.9
-1.9
-1.1

1.4
1.5
1.7
2.1
2.5
2.5
2.5
2.5
2.4
2.1
1.9
1.6
1.5
1.4
1.1
1.0
0.6
0.4
0.3
-0.1
-0.2
-0.1

-0.2
1.6
1.6
2.8
3.6
1.0
2.2
7.5
2.6
0.2
-0.6
-0.5
-0.3
-0.7
1.3
0.5
-0.1
0.2
1.2
1.3
1.0
-0.3

-0.2
1.4
3.0
6.0
10.2
11.2
13.5
21.4
24.4
24.6
23.8
23.1
-0.3
-1.0
0.4
0.9
0.9
1.0
2.0
3.1
4.1
3.9

13.7
15.7
17.6
21.6
27.1
28.0
29.2
30.9
30.2
24.9
22.9
23.1
22.9
20.2
19.9
17.2
13.2
12.3
13.3
4.9
3.3
2.9

2.0
2.6
3.2
5.1
3.8
0.3
0.3
3.7
0.5
-1.1
-1.0
0.0
0.8
0.6
1.8
2.2
0.1
-1.4
-1.3
-0.6
-0.1
-0.3

2.0
4.6
7.9
13.8
18.5
18.8
19.2
24.0
24.6
23.2
22.0
22.1
0.8
1.4
3.2
5.5
5.7
4.2
2.8
2.2
2.1
1.8

32.6
32.0
34.2
32.2
27.9
24.2
22.1
20.7
18.2
16.3
12.5
8.0
6.3
4.9
0.6
0.0
0.8

2000 12 - 205 239 .


Since december 2000 the CPI calculation is based on the basket containing 239 consumer goods compared to205 in previous years.

2006 4 - 287 , 2005 12 .

Since April 2006 the items in consumer basket updated to 287 and prices of December 2005 was taken as the base period.
Core inflation is estimated after excluding the most price volatile 29 items, such as meat, milk, diary, and vegetables, from consumer basket.

17


National consumer price index

in percent


End-of-period

, ,

, ,

Food &

Alcoholic
beverages,

Clothing,
footwear

non-alcoholic

tobacco

and cloths

beverages

Housing,
water,

,
,

Furnishings,

Medical care & Transports

electricity,

household

services

and fuels

equipment

Communi- Recreation &


cation

Education

culture

Restraurants
hotels

Miscellaneous

General CPI

goods

Monthly

Changes

Annual

changes

from the

changes

& services

beginning

& tools
2005.12

2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

of the year

39.74

2.82

15.26

10.8

5.64

1.78

8.96

2.88

3.09

5.36

1.01

2.6

55.44
58.30
61.99
68.87
74.00
73.64
72.45
70.94
69.47
67.20
65.57
66.01
67.16
68.35
70.42
73.52
73.92
71.13
68.15
65.53
64.30
63.58

3.33
3.47
3.51
3.53
3.55
3.58
3.61
3.65
3.67
3.68
3.66
3.70
3.96
4.06
4.17
4.33
4.35
4.37
4.40
4.42
4.44
4.44

17.38
17.41
17.55
17.82
18.11
18.27
18.45
18.77
19.08
19.41
19.98
20.10
20.22
20.28
20.42
20.56
20.62
20.69
20.81
21.07
21.39
21.65

13.39
13.64
13.50
13.60
13.66
13.85
14.48
15.06
16.33
16.52
16.22
16.36
16.24
16.04
15.93
15.68
15.65
15.76
15.81
15.87
16.33
16.30

6.87
6.91
7.06
7.21
7.29
7.33
7.37
7.51
7.68
7.83
7.85
7.86
7.91
7.93
8.03
8.18
8.20
8.29
8.33
8.42
8.48
8.51

2.36
2.39
2.45
2.58
2.82
2.85
2.86
2.90
2.97
2.97
2.97
2.99
2.99
3.04
3.05
3.08
3.18
3.18
3.20
3.21
3.21
3.23

11.66
11.68
12.15
12.20
12.31
12.45
12.68
15.64
15.90
15.65
15.43
14.67
14.39
14.00
14.34
14.41
13.85
13.91
14.48
14.72
14.88
14.86

2.34
2.33
2.33
2.32
2.31
2.33
2.27
2.27
2.27
2.26
2.26
2.26
2.26
2.26
2.26
2.35
2.35
2.39
2.38
2.38
2.38
2.38

3.39
3.41
3.46
3.49
3.51
3.49
3.49
3.53
3.56
3.61
3.65
3.68
3.72
3.75
3.76
3.77
3.80
3.84
3.84
3.86
3.84
3.84

6.98
6.98
6.98
6.98
6.98
6.98
6.98
9.77
9.77
9.77
9.77
9.77
9.77
9.77
9.77
9.77
9.77
9.77
9.77
10.74
10.74
10.74

1.25
1.25
1.29
1.32
1.43
1.44
1.45
1.56
1.59
1.63
1.62
1.62
1.63
1.63
1.66
1.67
1.69
1.75
1.75
1.78
1.80
1.80

3.08
3.08
3.13
3.21
3.32
3.34
3.36
3.40
3.46
3.49
3.51
3.51
3.57
3.69
3.68
3.73
3.80
3.82
3.87
3.90
3.98
3.99

127.5
130.9
135.4
143.1
149.3
149.5
149.4
155.0
155.7
154.0
152.5
152.5
153.8
154.8
157.5
161.0
161.2
158.9
156.8
155.9
155.8
155.3

2.0
2.6
3.2
5.1
3.8
0.3
0.3
3.7
0.5
-1.1
-1.0
0.0
0.8
0.6
1.8
2.2
0.1
-1.4
-1.3
-0.6
-0.1
-0.3

2.0
4.6
7.9
13.8
18.5
18.8
19.2
24.0
24.6
23.2
22.0
22.1
0.8
1.4
3.2
5.5
5.7
4.2
2.8
2.2
2.1
1.8

32.0
34.2
32.2
27.9
24.2
22.1
20.7
18.2
16.3
12.5
8.0
6.3
4.9
0.6
0.0
0.8

: ,
Source: Monthly Statistical Bulletin, NSC
2000 12 - 205 239 .
Since december 2000 the CPI calculation is based on the basket containing 239 consumer goods compared to205 in previous years.
3
2006 4 - 287 , 2005 12 .
2
2

Since April 2006 the items in consumer basket updated to 287 and prices of December 2005 was taken as the base period.

18

,

Loans outstanding

in millions of togrogs

End-of-period

Total loans outstanding

Of which:

amount

Loans

:
Of which: By sectors

Monthly

changes

Public sector

Private sector

Individuals

Other

Other financial
corporations

1992 12
1993 12
1994 09
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

19,128.6
31,594.5
46,581.3
52,832.6
62,720.8
64,806.6
50,375.1
85,642.0
77,514.4
66,756.7
135,070.7
231,449.8
442,148.1
606,798.6
859,851.8
1,223,287.3
1,280,164.4
1,334,083.1
1,404,573.2
1,477,607.0
1,509,738.4
1,600,220.7
1,640,370.5
1,808,108.9
1,859,120.9
1,929,678.8
1,961,078.7
2,056,060.8
2,133,446.7
2,230,514.0
2,335,928.9
2,436,530.5
2,487,594.8
2,559,433.0
2,593,526.9
2,685,275.8
2,716,858.6
2,691,283.6
2,668,119.3
2,635,551.6
2,671,994.3
2,685,301.5
2,671,726.6
2,580,239.4
2,534,907.0
2,558,929.7
2,580,778.5
2,588,829.1
2,630,934.7
2,617,986.3

-11.7
-15.5
2.3
0.2
-4.4
-0.5
-13.4
2.8
-11.0
6.6
5.2
9.4
2.7
2.5
4.4
3.5
4.6
4.2
5.3
5.2
2.2
6.0
2.5
10.2
2.8
3.8
1.6
4.8
3.8
4.5
4.7
4.3
2.1
2.9
1.3
3.5
1.2
-0.9
-0.9
-1.2
1.4
0.5
-0.5
-3.4
-1.8
0.9
0.9
0.3
1.6
-0.5

19,129.9
31,603.7
46,599.1
52,839.1
62,721.0
31,858.7
35,917.3
53,003.1
35,407.7
50,861.2
124,204.8
214,885.5
405,448.2
546,063.4
789,451.2
1,129,945.4
1,182,853.4
1,228,678.6
1,305,901.1
1,376,059.7
1,392,733.1
1,493,630.7
1,528,327.8
1,698,967.3
1,739,919.5
1,812,807.5
1,850,923.5
1,947,669.5
2,020,304.1
2,113,789.6
2,221,243.4
2,318,604.3
2,361,219.5
2,431,751.0
2,468,769.8
2,559,113.2
2,586,907.5
2,549,082.7
2,525,988.2
2,353,561.2
2,351,039.5
2,344,099.3
2,273,868.7
2,152,091.0
2,075,746.6
2,108,849.8
2,084,489.3
2,060,250.6
2,035,010.9
2,011,002.5

12,204.2
21,744.4
14,423.8
12,193.4
10,883.4
9,006.9
7,804.7
9,335.5
3,999.1
5,378.3
9,534.4
11,318.3
15,647.4
12,560.1
34,112.2
36,255.6
33,234.9
34,690.4
36,449.8
34,282.0
21,032.1
22,794.8
18,870.0
22,114.0
21,704.5
18,959.1
17,062.8
25,939.1
30,880.5
30,371.8
30,226.5
20,840.5
9,326.9
10,665.4
14,033.0
16,908.7
17,653.4
17,097.0
22,660.9
33,624.9
25,390.3
24,565.3
26,033.8
22,026.7
21,271.3
19,474.6
24,577.9
23,134.5
21,435.7
20,534.0

6,925.7
9,859.3
32,158.3
40,637.9
51,776.2
20,320.6
25,271.8
39,697.4
29,055.5
43,305.6
108,722.7
194,578.2
335,978.3
320,077.8
437,639.1
594,446.6
626,693.1
658,952.0
711,630.8
769,277.5
801,358.3
868,157.2
881,047.7
989,677.7
1,001,022.3
1,035,666.6
1,047,123.2
1,089,555.3
1,102,558.6
1,179,008.6
1,207,004.8
1,265,389.4
1,334,330.7
1,384,247.4
1,409,970.8
1,453,001.2
1,477,149.9
1,466,035.2
1,466,936.1
1,348,449.7
1,382,481.4
1,393,346.2
1,362,579.5
1,281,333.3
1,246,396.4
1,296,776.6
1,265,705.2
1,220,517.6
1,175,349.5
1,153,811.0

196,020.3
304,817.1
483,212.6
504,699.7
516,220.8
539,141.8
552,686.7
559,096.9
585,363.3
612,124.1
669,592.3
700,127.9
740,384.1
767,769.4
810,622.5
864,479.3
882,575.1
957,545.9
1,001,924.3
988,639.2
994,386.0
1,002,594.8
1,045,159.4
1,047,903.3
1,024,830.1
998,411.1
955,037.6
925,471.1
909,241.0
875,758.6
839,596.7
797,194.4
782,912.1
784,089.5
805,320.6
820,087.2
822,559.5

17.0
7.8
61.4
2,531.2
2,840.8
3,970.2
2,353.1
2,177.3
5,947.7
8,989.0
53,822.5
16,950.6
12,384.4
14,436.8
16,694.9
16,529.4
16,376.1
17,282.3
9,098.9
15,182.4
15,239.0
16,032.2
15,378.4
15,284.0
16,553.5
19,057.0
19,149.7
18,176.1
21,075.4
21,300.7
21,536.4
34,335.3
35,055.0
39,358.3
39,811.7
35,945.8
33,550.4
13,101.0
13,792.4
13,720.7
5,515.6
5,106.1
6,714.9
6,292.9
6,319.8
6,345.2
13,911.7
9,838.1

454.6
498.3
1,593.9
1,530.8
2,286.0
2,302.7
2,531.1
2,146.9
2,132.9
1,046.9
1,551.1
1,686.5
2,513.8
2,414.6
2,495.6
3,236.0
3,657.9
5,390.9
9,149.4
7,386.3
8,116.9
7,116.2
4,685.5
4,389.3
5,174.6
4,429.7
3,348.0
3,904.3
3,226.1
3,981.2
4,028.2
4,169.7
3,393.6
3,796.8
4,932.7
4,226.7
4,259.9

19

,

Loans outstanding

continued

End-of-period
:

Principal in arrears Of which: By sectors

Non-performing

Of which: By sectors

loans

Public sector

Private sector

Other

Public sector

Other

Private sector

Individuals

Individuals

, -

Other financial ,

Other financial

corporations

corporations

Sub/d, doubtful,
loss loans

1992 12
1993 12
1994 09
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

8,057.8
4,553.9
6,051.9
2,925.7
1,281.8
1,798.3
4,819.4
15,549.7
21,617.1
20,929.6
33,320.4
35,068.1
41,380.4
37,639.9
41,109.7
53,035.3
44,728.8
46,345.5
45,029.3
50,142.3
50,420.8
44,600.6
40,320.0
45,518.4
48,386.4
46,461.0
50,833.8
56,856.0
54,623.5
50,253.8
51,888.9
54,807.6
58,949.7
55,026.9
93,323.1
124,743.5
142,585.0
132,173.0
154,235.4
164,724.4
152,115.4
143,381.4
173,480.6
198,226.4
200,873.4

209.3
45.8
369.9
1,646.6
1,637.9
1,648.2
1,659.7
2,000.0
2,505.0
2,673.7
1,190.8
1,112.9
1,035.8
953.5
872.1
790.3
706.8
621.9
536.8
449.7
174.7
174.4
174.4
1,276.8
1,192.5
1,193.4
1,046.3
897.8
746.4
0.0
300.0
250.0
611.9
3,073.1
2,867.3
2,873.9
2,462.8

16,685.0
15,124.4
22,252.8
21,876.0
28,354.8
24,042.3
26,700.1
32,012.5
28,831.2
29,780.0
29,608.2
35,130.5
36,949.6
32,720.3
32,283.1
37,113.5
39,333.2
37,362.2
40,692.0
45,180.3
43,002.6
37,570.0
34,161.0
36,159.2
38,779.9
33,931.3
74,988.0
98,969.1
112,146.1
102,409.2
123,202.1
131,357.2
124,354.7
112,199.0
134,397.1
160,263.5
166,808.5

4,709.3
3,899.4
8,674.6
9,523.4
9,342.4
9,908.9
10,709.5
11,549.9
11,363.0
11,859.6
12,127.5
11,802.6
10,363.3
8,864.5
7,134.9
7,584.6
7,760.4
7,892.7
8,941.9
10,610.6
11,265.2
12,499.3
12,820.0
12,634.9
14,336.8
19,804.1
17,278.1
24,737.8
29,677.8
29,742.8
30,609.0
32,859.5
26,761.4
27,868.3
35,975.7
34,947.2
31,444.6

13.6
1,859.9
2,020.4
2,022.1
2,045.3
2,040.4
2,040.4
7,472.9
2,029.5
2,032.1
2,071.8
2,065.3
2,042.1
2,032.2
0.0
0.0
585.9
584.1
652.7
605.1
110.3
0.2
4,687.6
4,713.9
4,617.9
59.9
0.0
138.7
0.0
0.0
112.1
79.3
50.0
53.4
53.1
130.1
146.6

2.7

31.0
31.0
30.0
30.0
30.0
30.0
0.0
0.0
10.5
10.4
70.7
9.9
45.8
22.9
22.5
38.1
10.8
0.0
14.6
21.0
12.2
178.4
337.5
187.6
187.4
11.7
10.9

24,890.1
9,903.8
26,587.0
39,181.0
14,613.8
9,067.6
11,744.9
21,150.3
39,118.0
49,471.0
60,021.6
62,243.0
64,024.1
61,032.2
60,437.5
63,970.0
61,861.2
65,697.2
64,112.3
69,059.0
66,450.5
65,554.6
68,071.3
67,624.2
68,338.0
68,224.4
67,092.3
69,519.3
73,058.4
74,503.3
74,273.7
75,143.5
83,251.2
87,104.2
188,667.2
196,211.4
198,617.2
265,684.9
273,913.0
294,436.0
297,964.5
352,907.9
355,097.8
397,697.4
406,110.4

356.4
11.1
106.1
109.6
109.6
109.6
109.6
109.6
109.6
109.6
132.0
162.4
144.5
116.4
520.7
636.6
752.0
877.7
1,052.0
1,049.4
137.8
123.7
123.7
123.7
123.4
123.4
123.4
123.4
124.6
124.6
114.6
114.6
113.4
113.4
97.8
93.0
93.0

28,295.0
36,301.1
42,320.0
43,624.0
44,203.5
41,110.6
39,965.6
41,486.9
40,078.8
43,822.7
41,762.0
45,254.6
42,436.3
41,433.5
44,311.1
43,371.5
42,937.7
43,211.5
42,150.0
42,761.7
44,875.8
44,361.8
43,083.9
43,602.5
50,398.5
52,213.9
146,961.2
150,208.4
147,677.7
207,353.3
213,256.6
229,503.7
232,083.2
284,406.8
284,573.0
328,170.4
331,580.5

10,201.5
12,890.3
15,682.7
16,609.7
17,511.9
17,607.9
18,161.7
20,171.3
19,453.1
19,544.1
19,956.7
21,410.6
21,640.3
21,775.4
21,021.2
21,397.8
22,400.0
21,892.1
21,647.7
23,465.8
25,850.4
27,823.4
28,866.8
29,524.7
30,839.4
32,876.2
41,378.4
45,696.1
50,625.4
58,024.5
60,361.7
64,608.4
65,575.3
68,194.5
70,235.7
69,243.0
74,241.8

264.6
268.1
1,912.2
1,899.4
1,896.2
1,901.0
1,897.7
1,897.7
1,915.5
1,917.9
1,952.9
1,923.7
1,926.5
1,926.4
1,915.4
1,915.3
1,915.3
1,910.1
1,909.7
1,909.6
1,861.5
1,861.5
1,866.4
1,862.5
1,859.9
1,860.7
150.8
153.4
151.9
144.6
142.4
171.6
155.9
156.3
155.7
155.3
155.3

0.5
0.5
0.6
0.2
302.9
303.1
302.9
304.5
304.2
302.9
308.7
307.8
302.9
302.9
302.9
302.9
332.9
332.9
332.9
332.9
332.9
332.9
332.9
30.0
30.0
30.0
53.4
30.0
37.7
37.8
37.7
37.7
36.7
36.7
35.7
35.6
39.9

20

,

Loans outstanding

continued

End-of-period

By banks

Golomt

Capital

Khan

Trade &

Mongol Post

Savings

Development

1992 12
1993 12
1994 09
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

175.9
689.3
4,049.5
5,726.3
8,553.3
14,020.2
25,229.9
34,898.1
49,778.1
96,608.7
135,964.2
184,906.9
190,835.8
198,459.1
200,850.9
210,035.4
205,480.3
236,201.7
228,101.4
255,377.9
274,490.7
286,683.2
290,800.7
329,356.6
324,461.5
338,510.9
367,648.6
384,136.2
410,644.1
419,127.1
428,059.4
430,160.5
445,257.1
445,362.9
447,432.6
442,755.3
457,222.2
457,674.3
467,764.8
454,089.4
448,854.7
435,825.9
439,020.9
428,011.7
443,855.7
428,698.0

1,000.0
514.8
213.4
41.7
919.9
1,152.9
1,310.5
1,512.0
1,302.5
849.7
1,358.3
2,280.3
6,169.2
8,764.6
15,527.8
22,804.7
22,406.2
24,929.8
25,210.9
25,558.0
24,304.3
27,666.4
28,474.4
29,709.1
29,864.0
28,339.5
29,222.0
33,125.0
31,838.7
31,334.5
32,219.7
37,992.6
42,857.7
48,790.2
50,404.4
52,821.5
55,691.2
58,562.7
59,506.1
59,096.1
60,241.1
60,428.2
60,068.5
55,904.3
52,763.2
53,565.3
52,388.0
52,962.3
52,022.0
52,321.0

4,189.1
6,390.9
6,005.8
5,071.0
5,076.3
3,717.5
3,407.4
4,341.4
3,421.4
3,201.0
9,959.7
24,992.7
52,091.3
81,074.6
134,355.7
238,986.5
256,498.0
268,628.7
281,883.2
290,058.6
300,508.1
320,527.0
333,158.0
374,060.0
402,808.3
425,413.7
442,466.2
476,778.1
509,069.9
519,734.8
527,945.9
547,517.9
559,618.4
588,525.0
594,760.1
639,205.6
642,876.8
633,149.0
624,100.9
608,364.7
607,827.1
612,585.6
601,344.6
573,825.2
562,567.2
562,893.7
575,628.2
599,484.6
612,115.4
603,511.2

1,075.9
3,316.4
3,753.1
4,784.0
5,194.7
7,596.2
13,934.4
32,757.9
23,921.1
26,018.4
37,216.6
52,449.0
64,308.9
92,569.5
148,617.5
219,179.2
237,198.4
237,547.0
252,138.4
272,409.3
278,585.5
289,010.1
274,769.0
305,796.2
310,172.2
316,119.6
308,312.6
349,705.9
377,788.5
389,607.8
405,162.4
433,692.3
450,467.6
453,271.9
451,115.8
461,033.7
452,219.4
443,262.3
433,381.5
431,431.8
442,125.9
448,713.3
442,113.9
422,219.5
415,852.2
415,995.3
419,717.2
419,529.4
424,231.2
441,301.2

Erel

Credit

Transport
Development

398.2
602.1
533.3
1,097.2
1,123.3
887.8
1,389.1
3,866.1
4,794.0
12,493.9
16,600.2
31,133.9
42,769.0
62,072.3
91,993.7
97,100.8
101,119.0
120,080.7
124,996.4
133,565.0
135,629.3
137,199.7
142,336.0
142,525.8
150,782.2
158,515.7
161,432.9
164,684.5
177,207.7
190,730.3
186,520.8
180,194.5
179,176.5
175,887.2
174,881.1
169,908.4
165,532.1
162,293.2
156,044.9
157,732.4
158,068.9
165,753.5
159,420.3
144,121.4
140,673.7
138,018.8
138,547.2
137,176.0
133,717.6

132.8
434.4
368.1
275.6
1,047.9
6,393.5
14,552.4
21,131.7
24,664.4
29,755.6
29,320.5
29,804.4
27,919.9
29,065.5
32,688.3
34,356.1
37,521.3
43,562.5
44,884.6
46,010.4
47,145.4
43,308.1
46,378.2
47,088.2
49,590.7
50,823.1
50,566.2
51,635.3
53,498.9
56,344.8
57,036.2
54,540.1
54,073.6
54,045.9
55,127.7
56,335.7
54,481.5
51,897.8
52,502.0
52,059.9
54,605.5
57,560.7
87,802.2
99,380.8

523.6
1,052.9
774.5
1,350.4
2,464.0
4,685.2
6,089.0
7,312.8
4,794.6
6,679.7
6,606.0
6,632.1
6,618.8
6,702.7
6,572.2
6,363.3
6,884.1
7,493.6
7,047.2
6,499.5
6,756.3
6,631.8
7,046.7
7,489.2
7,863.6
8,191.5
8,484.3
8,828.8
9,476.6
10,759.4
11,602.7
11,748.8
11,557.9
11,226.8
11,035.7
10,795.0
10,441.7
9,976.7
9,862.9
9,139.6
9,148.9
9,249.0
9,365.1
9,892.2

1,605.0
2,185.0
2,434.9
2,968.9
2,719.0
4,869.9
4,965.4
4,774.8
8,481.2
8,376.8
7,930.0
6,816.0
6,611.5
6,426.9
6,113.7
6,024.3
6,180.0
7,013.7
8,107.7
8,053.8
6,949.8
7,820.6
7,917.4
8,893.5
9,755.3
9,712.8
9,519.5
9,369.4
8,882.1
8,161.9
8,313.9
8,787.5
9,150.5
9,284.7
9,179.3
8,933.6
8,940.5
8,683.4
8,672.6
8,309.3
8,407.4
8,434.6
8,519.5

622.5
1,028.6
780.3
2,331.1
3,597.1
4,295.9
8,705.4
10,575.4
8,582.2
8,564.9
8,450.9
8,252.9
8,063.8
7,677.4
4,852.7
4,639.8
6,766.0
6,200.9
5,838.1
5,638.0
5,531.1
4,712.4
4,534.4
4,451.2
4,686.0
4,079.7
4,498.1
4,404.8
4,341.4
4,325.4
4,300.7
4,349.6
4,525.2
4,655.6
4,684.5
4,728.3
4,606.4
4,610.4
4,612.0
4,630.6
4,595.4
4,522.5
4,490.1

21

,

Loans outstanding

continued

End-of-period

Ulaanbaatar

Zoos

. -

Anod

Capitron

Hasbank

city

National

Chinggis

investment

khaan

Others

bank

1992 12
1993 12
1994 09
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

336.9
1,027.7
3,292.7
5,525.0
6,779.9
8,164.1
13,021.6
49,725.0
66,113.3
68,741.9
74,618.5
72,442.1
76,249.3
76,075.8
91,386.6
111,720.3
127,968.7
120,519.3
121,665.3
105,871.0
99,042.5
100,182.8
111,006.5
112,501.1
117,528.0
116,462.0
122,364.9
127,556.2
133,420.9
143,668.8
142,135.0
142,813.0
141,723.0
141,848.5
147,672.8
139,742.4
138,311.0
125,376.7
125,881.2
129,656.5
124,287.8
126,978.6
124,427.6

887.8
3,209.8
10,781.6
18,169.7
25,784.8
38,109.7
62,034.4
82,919.1
83,430.5
102,892.2
111,430.0
118,476.2
118,343.3
108,861.9
117,146.4
135,545.9
137,573.3
143,577.2
152,375.9
146,127.2
154,031.2
156,240.1
164,029.5
166,073.3
165,693.1
167,411.2
169,540.4
175,329.8
182,612.3
177,182.9
177,814.1
169,736.7
170,765.8
170,100.2
168,214.2
164,729.2
161,383.3
191,833.7
192,438.5
190,532.6
173,387.7
169,695.0

1,589.9
6,529.7
15,360.0
25,094.6
68,166.2
101,716.4
93,816.9
120,855.0
122,888.2
123,900.5
137,598.5
145,559.2
149,635.7
151,254.6
156,189.3
160,683.1
160,155.3
162,364.8
163,397.1
143,329.6
142,827.7
166,393.6
170,849.2
180,863.7
175,556.7
179,165.5
176,518.3
180,023.8
179,847.9
182,132.9
180,733.6
184,170.0
184,669.5
176,822.5
176,666.6
173,063.4
172,021.1
170,973.7
170,746.7
164,324.6
161,089.2
160,106.2

2,485.3
11,948.0
18,023.8
20,788.7
27,922.8
28,448.2
28,811.7
28,268.1
31,435.0
38,232.8
37,529.0
41,580.4
47,029.1
54,148.3
54,165.8
62,748.1
66,454.4
69,306.5
68,504.1
70,890.4
77,521.4
83,662.3
85,086.6
84,418.1
83,762.5
86,994.9
85,752.2
84,136.9
83,811.7
88,147.8
89,606.4
91,199.5
93,038.5
89,796.0
91,122.5
90,904.9
88,095.2
86,795.3
87,016.4
86,285.0

2,630.1
5,496.0
11,012.2
20,313.6
38,077.9
59,813.0
61,891.8
61,985.0
65,064.2
67,354.0
69,645.0
74,125.0
77,045.7
84,518.3
88,201.2
92,652.9
97,094.0
100,683.1
105,523.3
109,042.5
118,966.9
120,986.2
125,772.2
136,504.0
140,166.2
147,001.9
155,648.3
157,099.5
152,724.8
149,749.7
151,686.3
149,973.2
151,488.3
150,593.0
155,600.9
162,200.5
169,275.8
178,024.4
185,110.6
188,480.9

8,437.5
15,405.9
0.0
976.8
7,562.2
7,624.5
9,078.7
8,806.4
10,276.6
10,891.7
10,228.5
10,547.4
11,870.9
12,098.9
10,476.1
11,042.7
10,138.3
10,881.4
11,152.7
12,597.8
13,994.1
15,490.7
19,503.9
22,110.5
23,567.5
23,931.1
24,568.9
24,989.3
25,185.2
25,994.3
26,518.0
26,807.2
25,816.6
25,743.6
25,749.7
25,738.1
24,055.8
23,756.3
21,711.7

51,642.4
40,111.7
39,838.9
46,206.7
49,868.5
49,839.2
48,025.2
47,957.5
51,809.6
62,063.4
63,920.3
62,092.6
61,399.9
62,400.5
67,933.0
74,614.5
77,695.1
82,363.2
84,957.1
90,107.1
86,908.3
86,693.0
96,896.2
100,506.9
98,319.1
99,254.9
99,749.8
100,198.0
102,171.2
104,550.7
100,139.0
97,050.1
103,841.2
107,948.2
103,360.4
102,459.5
94,066.8
85,448.2

12,863.6
20,974.2
36,006.9
42,402.6
50,256.8
50,527.4
26,129.1
36,200.5
28,588.3
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0

22

,
Deposit rate

in annual percent


End-of-period

,
Deposit rate



Domestic
currency

1993 12
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

2.0
2.0
2.0
2.0
2.0
0.8-6.0
3.0-6.0
2.4-6.0
0.0-5.1
0.0-6.0
0.0-6.0
0.0-4.8
0.0-4.8
0.0-5.0
0.0-5.0
0.0-5.0
0.0-5.0
0.0-5.0
0.0-4.8
0.0-4.8
0.0-4.8
0.0-4.8
0.0-4.8
0.0-4.8
0.0-4.8
0.0-4.8
0.0-4.8
0.0-4.8
0.0-7.2
0.0-7.3
0.0-7.3
0.0-7.2
0.0-7.2
0.0-7.2
0.0-7.2
0.0-7.2
0.0-7.2
0.0-7.2
0.0-7.2
0.0-7.2
0.0-5.4
0.0-5.4
0.0-7.2
0.0-7.3
0.0-7.3
0.0-7.2
0.0-7.2
0.0-7.2

Foreign
currency

1.0-3.6
1.0-3.6
1.0-3.6
0.3-4.2
0.3-3.0
0.3-3.0
0.3-3.0
0.0-7.2
0.0-4.0
0.0-4.0
0.0-4.0
0.0-4.0
0.0-4.0
0.0-3.6
0.0-3.6
0.0-3.6
0.0-3.6
0.0-3.6
0.0-3.6
0.0-3.6
0.0-3.6
0.0-3.6
0.0-3.6
0.0-3.6
0.0-3.7
0.0-3.7
0.0-3.6
0.0-3.6
0.0-3.6
0.0-3.6
0.0-3.6
0.0-3.6
0.0-3.6
0.0-4.2
0.0-4.2
0.0-4.2
0.0-3.6
0.0-7.2
0.0-7.3
0.0-7.3
0.0-7.2
0.0-7.2
0.0-7.2

Domestic
currency

Foreign
currency

2.4
2.3
2.2
2.4
2.1
2.1
2.2
2.3
2.4
2.5
2.5

Demand
deposit

1.1
1.1
1.2
1.1
1.0
1.1
1.1
1.3
1.0
1.1
1.2

24-100
10-63.8
12.0-42.6
12.0-34.5
3.6-34.5
3.6-19.6
3.0-13.2
1.2-13.2
1.2-9.6
2.4-10.2
1,8-10.0
6.0-9.6
6.0-9.96
6.0-10.2
6.0-10.2
6.0-10.2
6.0-10.2
6.0-10.2
6.0-10.2
6.0-10.2
6.0-10.2
6.0-10.2
6.0-10.2
6.0-10.2
6.0-10.3
6.0-10.3
6.0-10.0
6.0-10.0
6.0-10.0
6.0-10.1
6.0-10.1
6.0-9.96
6.0-9.96
4.8-10.2
0.2-10.2
4.8-10.2
4.8-10.12
4.8-12.0
4.8-12.0
4.8-12.0
4.8-12.0
4.8-12.0
4.8-12.0
4.8-12.1
4.8-12.1
4.8-12.0
4.8-12.0
3.6-12.0


Time deposit

Domestic Currency
0-1
1 year

70-153
50-101.2
12.5-101.2
12.7-60.1
6.2-69.6
6.0-42.58
9.6-30.0
3.6-24.0
2.4-24.0
6.0-22.0
6.0-22.0
6.0-20.4
6.0-19.2
7.56-19.4
7.56-19.4
7.56-19.4
7.56-19.4
7.56-19.4
7.56-19.4
7.56-19.4
7.56-19.4
7.56-19.4
7.56-19.3
7.56-19.3
7.56-19.3
7.56-19.3
7.56-19.2
7.56-19.2
2.4-19.2
2.4-19.3
2.4-19.3
2.4-18.6
2.4-18.6
2.4-18.6
2.4-18.6
2.4-19.44
2.4-19.44
2.4-19.4
2.4-19.44
2.4-19.4
2.4-19.4
2.4-19.44
2.4-19.4
2.4-19.5
2.4-19.5
2.4-19.44
2.4-19.6
2.4-19.2

Foreign Currency
0-1
1 year

10-72
6-72
6.0-42.6
3.6-42.6
2.4-42.6
1.2-24.0
3.6-14.4
1.2-12.0
1.0-13.2
1.2-12.0
2.4-12.0
1.4-9.6
1.4-10.8
1.4-11.4
1.4-11.4
1.4-11.4
1.4-11.4
1.4-11.4
1.4-11.4
1.4-11.5
1.4-11.4
1.2-11.4
1.2-11.4
1.2-11.4
1.2-11.4
1.2-11.4
1.2-19.2
1.2-19.2
1.2-19.3
1.2-10.9
1.2-10.9
1.2-9.6
1.2-11.4
1.2-11.4
1.2-10.2
1.2-10.2
1.2-14.5
1.2-14.04
1.4-14.04
1.4-15.6
1.4-14.04
1.4-14.04
1.4-14.04
1.4-14.05
1.4-14.05
1.4-14.04
1.4-14.04
1.2-14.04

Domestic
currency

13.6
13.6
13.4
13.5
13.6
13.2
13.2
13.1
13.2
13.2
13.2

Foreign
currency

7.4
6.9
7.2
6.3
6.2
7.2
7.0
6.8
7.0
7.0
6.3

23


Loan rate

in percent

End of
period


Central bank's bills rate


1
Weighted

1 day

3 days

7 days

8 days

1 week

2 4 12
2 weeks

4 weeks

12 weeks

13

28

180

13 weeks

28 weeks

180 days

average
rate

1993 12
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

120-300
72-264
72-150
72-109
45.0-50.0
23.3
11.4
8.6
8.6
9.9
11.5
15.75
4.75
6.42
6.59
5.39
4.26
4.26
4.29
3.68
5.67
8.31
8.75
8.91
9.19
9.85
10.43
11.15
11.25
13.57
15.34
15.42
14.42
14.41
16.06
15.72
15.04
14.78
12.07
11.14
13.59
16.14
16.83
16.48
14.05
12.85
11.95
10.89

15.47
1.88

4.44
5.09
5.91
3.94
1.84
3.19
4.87
3.82
6.40
6.40
6.40
7.40
8.40

8.5
6.8
10.0
9.2
15.49

8.40
8.40
8.40
9.75
9.75
9.75
9.75
9.75
9.75
10.25
10.25
9.75
9.75
9.75
9.75
14.00
14.00
12.75
11.50
11.50
11.50
10.00
10.00

8.5
8.1
7.6
9.9
15.79
3.65

10.5
8.8
10.9
11.9
15.90
3.80

11.53
11.53
11.53
11.50
11.50
11.50
14.35
14.35
14.35
17.98
17.98
13.85
13.85
13.85
17.77
17.77
17.77
13.48
13.48
19.82
19.89
19.68
16.34
14.21
13.54
11.91
12.06

5.0
13.7
11.4
13.7
15.96
9.13
7.39
7.06
6.78
6.78
6.58
3.48
3.48
3.48

10.05
9.89
9.89
9.80

12.62
14.18
14.73
15.08
15.18
15.36
16.06
17.00
16.72
16.68
16.60
16.60
16.73
17.21
17.21
16.44
16.15
15.71
13.82
13.48
13.00

24


Loan rate

in percent

End of
period

( )

Treasury bills rate

Interbank
loans

(as a trading rate)


Dom. cur-cy For. cur-cy

1993 12
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

4.40
6.50

5.75
5.79
5.56
6.25
7.45
7.91

15.9
15.6
15.91
13.20
5.80
8.19
6.17
7.88
6.30
6.16
6.15
6.97
7.58
7.78
8.39
7.52
9.47
9.98
10.38
11.91
10.76
10.81
11.85
10.88
11.00
11.00
11.00
12.13
12.41
14.07
12.37
15.23
15.40
13.51
11.00
11.00
11.00


Interbank market rate


Banks loan rates

Interbank
deposits

Weigthed
average
rate

Domestic
currency

Foreign
currency

Paid
rate

Repos

7.2
9.6
15.59
4.35
6.06
6.30
5.52
5.33
3.00
2.00
0.00
0.00
5.32
0.00
7.20
6.95
6.76
9.25
9.15
9.49
12.60
15.53
13.06
13.21
11.55
17.00

Central
bank
bills

5.2
11.9
15.74
4.92

3.94
2.84
4.86
6.22
5.40
6.78
7.40
8.11
9.47
10.00
11.01
18.00
16.00

19.00
9.75
15.15
15.73
13.96
7.36
12.49
7.00
6.56

10.04
8.34
14.14
16.72
11.50
11.30
9.74

Overnight
loans

12.0
15.52
6.10
6.16
6.43
6.13
6.15
4.81
4.92
4.16
5.02
6.55
6.05
6.48
8.29
8.67
8.76
9.99
10.45
15.52
16.64
13.84
13.19
10.78
18.72
18.60
19.00
19.82
19.50
19.24
19.07
17.02
15.58
12.86
10.55
8.37
10.00
7.84

8.90
8.50
8.78
9.35
10.49
9.88
10.35
16.09
11.23
11.52
12.18
18.60
17.43
18.66
14.71
18.37
13.66
16.50
15.94
14.68
20.25
12.70
12.06
12.14
12.01

6.91
10.24
15.36
6.13
6.12
6.40
6.08
6.49
4.84
5.30
5.26
5.66
6.29
6.46
7.20
7.81
8.25
8.75
9.78
10.17
13.60
16.01
12.53
12.17
11.18
18.22
18.21
18.81
17.87
19.15
15.78
17.86
15.75
15.33
15.05
11.89
11.20
11.51
10.36

45.8
38.8
34.7
41.4
33.4
31.5
30.0
28.3
24.5
25.3
21.6
22.5
22.3
23.7
21.0
22.3
20.0
19.7
21.3
22.3
19.9
17.3
22.1
20.8
21.7
18.4
21.7
21.8
21.8
21.5
21.0
18.5
20.4
21.2
21.6
20.4
19.5
23.3
23.5
23.4
23.7
22.2
21.9

34.2
36.5
25.8
22.2
19.8
19.6
17.9
14.8
15.5
15.1
15.7
13.2
16.3
14.1
15.5
14.5
12.0
12.9
13.8
13.4
14.2
13.9
16.3
13.8
13.9
17.1
15.0
14.4
15.2
15.7
16.7
16.0
16.8
17.5
17.0
19.4
19.9
17.6
16.3
17.6
15.9
14.8
15.8

30.7
30.2
25.0
23.5
23.0
23.1
23.0
22.9
22.6
22.4
22.2
22.1
21.9
21.6
21.4
21.0
21.7
20.5
20.4
20.3
20.2
20.0
19.9
19.7
19.6
19.6
19.6
19.7*
19.3
19.3
20.8
18.8
18.7
18.5
18.5
18.6
18.6
18.5
18.6

25

,
Deposit rate applied by banks
( , )
(in percent, annual)


Name of a bank


Demand deposit rates

Domestic
Currency


Deposit rate

Domestic currency
Foreign currency

Foreign
Currency

Domestic
currency

Foreign
currency

Demand

0-1
Time & Saving

Demand

0-1
Time & Saving

Domestic
currency

Foreign
currency

Golomt

1.2-3.6

1.2

2.9

1.0

8.4

9.6-17.4

1.0-5.4

2.4-10.2

12.5

6.4

Capital

1.8-7.2

1.8-7.2

4.8

1.4

7.2

14.4-18.5

3.6

6.0-9.6

17.0

8.9

4.3

0.8

6.0

9.6-16.8

2.4

4.2-8.4

11.7

6.4

2.0

0.6

10.00

2.4-18.0

0.0-2.4

2.4-7.2

12.6

4.6

Savings

KHAN

0.0-4.8
0-3.0

0.0-1.0

3.0

1.5

6.0-6.9

12.6-15.9

1.2-1.8

1.4-5.52

13.3

5.4

1.2-4.8

1.0-2.4

0.2

0.0

8.4

5.8-18.6

1.2-4.8

3.6-10.8

14.7

8.2


Transport development

0.0

0.0

8.0

7.2-18.6

1.2-3.6

7.2-14.04

17.3

10.2

Erel

0.0

0.0

6.0-8.4

12.0-19.2

2.4-3.6

4.8-8.4

17.1

6.6

2.5

0.0

8.4

10.8-14.4

4.8

5.4-7.2

8.9

5.6


Ulaanbaatar city

2.9

1.0

7.2

13.8-18.6

0.1-3.6

1.2-10.2

16.8

8.6

Zoos

2.5

0.0

9.6

14.4-18.0

6.0

6.6-9.0

16.7

7.8


Trade & Development

Mongol Post

Credit

3.6

1.2

0.0

0.0

0.0

0.0

12.0

13.2-19.2

1.8-5.4

2.9-10.2

11.7

6.5

Capitron

2.0-4.0

0.2-3.0

0.2

0.2

4.8-10.2

7.2-18.6

1.2-6.0

1.44-10.8

14.3

8.7

Xac

4.8-5.4

2.4-3.0

0.0

0.0

8.2-9.1

12.0-16.7

0.8-3.0

2.4-8.0

14.2

4.3


National Investment

3.6

1.2

0.9

1.2

3.6

17.0

2.4

9.0

18.8

10.2


Chinggis khaan

1.8

1.0

3.0

7.9

Anod

10.3

24


Interest rate applied by banks
( , )
(in percent, annual)


Name of a bank


Prime rate


Lending rates

Domestic
Currency

Foreign
Currency

Manufacturing

Individuals

Others

Trade

Golomt

22.8

19.2 5.71-30.0

10.0-30.0

Capital

11.0

11.0 14.4-36.0

15.6

Savings

21.6

14.4-32.4

12.0-33.6

16.8-36.0

13.2-36.0


Agricultural



Weighted average lending rates

Domestic
Currency

Foreign
Currency

14.4-48.0 10.0-30.0

22.5

17.0

18.0-19.2

21.6

20.9

23.9

9.6-48.0

21.3

16.9

12.0-36.0

24.4

12.8


Trade & Development

10.8

10.2 19.8-22.8

19.8-24.0

13.2-18.0

21.8

15.4


Mongol Post

19.2

18.0 16.2-36.0

16.2-39.0

16.2-39.0

21.9

15.8


Transport development

18.0

30.0

12.0-30.0

12.0-30.0

16.2

0.0

Erel

24.0

13.2 13.2-31.2

13.2-31.2

13.2-30.0 13.2-33.6

27.5

0.0

Credit

19.2

18.0

0.0

0.0

14.2

14.7

12.8 12.0-30.9612.49-25.13

23.9

12.1

24.0-28.8

28.6

0.0


Ulaanbaatar city

9.6

Zoos

10.8

Anod

24.0

12.0 12.0-18.0
13.2

12.0

24.0-34.8 11.0-24.6

9.6

5.0 7.25-36.0

30.0-36.0

5.04-44.4 30.0-40.8

18.8

17.1

Xac

16.0

8.2 12.7-42.0

12.7-42.0

12.7-43.2 5.7-43.2

26.5

19.6


National Investment

12.0

9.6

6.0

0.0

16.3

17.3

Capitron


Chinggis khaan

15.0

15.0 15.0-18.0

15.0-18.0

18.0 24.0-26.0

25


Trade balance
.
in million of dollars

Exports

amount


End-of-period

1990 12
1991 12
1992 12
1993 12
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

95.9
297.4
368.0
360.9
324.3
473.3
424.3
451.5
345.2
358.3
466.1
521.5
524.0
615.9
869.7
1,064.9
1,542.8
167.7
274.1
371.2
503.3
663.3
836.2
977.5
1,143.3
1,299.6
1,469.3
1,657.6
1,889.0
216.5
433.5
579.8
771.2
997.6
1,276.3
1,472.3
1,682.5
1,968.6
2,160.9
2,325.8
2,534.5
170.4
232.4
322.3
444.3
592.9
762.9
922.4
1,082.7
1,293.8
1,487.0

annual
changes
%

210.1
23.7
-1.9
-10.1
45.9
-10.4
6.4
-23.6
3.8
30.1
11.9
0.5
17.5
41.2
22.4
44.9
216.4
114.8
61.6
51.8
44.7
36.7
29.3
27.0
20.3
22.1
20.3
22.4
29.1
58.1
56.2
53.2
50.4
52.6
50.6
47.2
51.5
47.1
40.3
34.2
-21.3
-46.4
-44.4
-42.4
-40.6
-40.2
-37.4
-35.6
-34.3
-31.2

(%)
By major trading countries (%)
Imports

Russia
China
Other
amount

81.0
78.7
57.2
37.5
27.7
13.1
20.6
8.8
11.8
13.5
9.7
8.6
9.2
6.7
2.4
2.6
2.9
1.3
1.3
2.3
1.9
1.8
2.2
2.3
2.2
2.3
2.6
2.8
3.0
2.3
0.8
2.1
2.4
2.4
2.5
2.6
2.9
3.0
3.3
3.4
3.4
0.6
1.3
2.8
2.9
2.6
2.5
2.4
2.5
2.7
3.0

0.7
9.1
16.8
30.9
19.4
14.3
17.7
20.1
31.9
57.1
58.9
45.7
42.1
46.6
47.6
48.1
67.8
51.3
58.8
60.6
65.9
69.9
71.9
72.9
73.5
74.5
74.6
74.0
74.1
47.9
37.2
52.3
60.3
65.0
64.1
65.7
67.5
66.1
67.0
67.0
64.5
28.9
41.1
50.7
58.3
62.5
69.3
73.1
74.3
72.0
71.7

18.3
12.2
26.0
31.6
52.9
72.6
61.6
71.1
56.3
29.5
31.5
45.7
48.8
46.7
50.0
49.3
29.2
47.4
39.8
37.1
32.2
28.4
26.0
24.9
24.3
23.2
22.8
23.2
22.8
49.8
62.0
45.6
37.3
32.6
33.4
31.6
29.6
30.9
29.7
29.6
32.1
70.5
57.6
46.5
38.8
34.8
28.3
24.5
23.2
25.3
25.3

139.9
359.3
400.0
361.5
221.7
415.3
450.9
468.3
503.3
512.8
614.5
637.7
690.7
801.0
1,021.1
1,184.4
1,485.6
114.7
218.5
349.1
512.3
677.5
868.4
1,060.3
1,259.2
1,462.1
1,658.5
1,862.8
2,117.3
214.7
397.1
645.5
951.7
1,338.9
1,695.0
2,073.7
2,388.6
2,724.9
3,004.6
3,338.8
3,244.5
127.6
205.8
393.9
537.6
694.1
892.8
1,086.4
1,269.1
1,484.3
1,705.2

annual
changes
%

(%)
By major trading countries (%)

Russia
China
Other

156.8
11.3
-9.6
-38.7
87.3
8.6
3.9
7.5
1.9
19.8
3.8
8.3
16.0
27.5
16.0
25.4
72.6
59.1
49.8
47.6
41.7
40.7
39.3
33.9
36.9
38.3
39.4
42.5
87.2
81.8
84.9
85.8
97.6
95.2
95.6
89.7
86.4
81.2
79.2
53.2
-40.6
-48.2
-39.0
-43.5
-48.2
-47.3
-47.6
-46.9
-45.5
-43.2

84.3
74.2
52.4
59.7
57.9
52.0
34.2
34.3
29.9
29.2
33.6
35.4
34.4
33.1
33.5
35.3
36.9
40.3
39.9
39.3
35.3
35.0
34.7
34.3
34.9
34.2
34.5
34.2
34.6
37.0
42.6
39.2
35.7
31.6
32.6
33.3
33.6
34.5
34.5
34.3
38.3
23.2
27.0
27.3
28.7
31.6
32.2
32.8
33.7
33.7
34.6

2.0
4.6
12.2
16.8
9.7
10.1
14.6
13.5
13.2
13.5
20.5
21.4
24.3
24.5
25.2
24.9
27.2
21.7
21.9
22.9
25.6
27.6
29.1
31.2
31.2
32.1
32.1
31.7
31.3
31.0
12.1
12.4
31.2
33.2
33.3
33.1
33.4
32.9
32.6
33.1
27.4
25.4
18.6
16.7
19.4
20.9
22.5
23.7
24.9
25.1
25.1

13.7
21.2
35.4
23.5
32.4
37.9
51.2
52.2
56.9
57.3
46.0
43.2
41.3
42.4
41.3
39.8
35.9
38.0
38.2
37.8
39.1
37.4
36.2
34.5
33.9
33.8
33.4
34.0
34.2
32.0
45.3
48.4
33.0
35.2
34.2
33.6
33.0
32.7
32.9
32.6
34.3
51.4
54.4
56.0
52.0
47.5
45.3
43.5
41.4
41.2
40.3

:
Source: Report of the Customs General Administration
, . /export included gold and import included payment of Airbus/
- 2002 10 , .
2
In accordance with IMF metodology the volume&value of nonmonetary gold is included in external trade export & import since October, 2002
2
2

30


Trade balance

continued


End-of-period

Trade balance

( )
Of which financing (imports)

Foreign
Commodity supplied
grant

Foreign direct
investment

by loan
1990 12
1991 12
1992 12
1993 12
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

-44.0
-61.9
-32.0
-0.6
102.6
58.0
-26.6
-16.8
-158.1
-154.5
-148.4
-116.2
-166.8
-187.1
-151.5
-119.5
57.2
52.9
55.7
22.2
-9.0
-14.2
-32.1
-82.7
-115.9
-162.5
-189.3
-205.2
-228.3
1.8
36.4
-65.7
-180.5
-341.4
-418.7
-601.4
-706.1
-756.3
-843.7
-1013.1
-710.1
42.7
26.6
-71.5
-93.4
-101.2
-129.9
-164.0
-186.3
-190.5
-218.2

25.8
46.5
52.4
56.2
88.2
25.0
25.0
33.9
25.5
52.0
37.0
16.4
1.8
4.5
9.4
11.8
16.0
20.5
26.0
29.1
34.3
37.7
38.6
39.7
40.7
1.3
1.5
2.7
9.4
12.4
13.7
16.7
21.3
22.4
23.2
24.1
1.9
3.0
1.9
2.6
5.0
15.5
18.3
18.1
21.6
25.3


External trade turnover

amount

annual
changes
%

63.5
63.6
50.0
44.3
59.7
84.9
81.3
49.7
41.8
52.5
29.1
40.3
2.8
3.2
4.3
18.0
19.6
21.3
30.0
32.6
35.4
37.2
38.9
42.2
1.5
3.1
5.6
7.1
16.3
28.1
41.3
46.8
52.9
52.0
55.7
59.9
2.0
1.9
17.3
20.9
26.5
28.4
33.7
35.4
42.4
61.7

80.0
80.8
78.9
57.4
61.4
69.3
49.8
29.6
99.2
95.0
152.6
146.1
5.2
14.1
20.9
33.0
48.4
75.6
90.6
105.8
130.3
143.0
156.6
172.8
28.4
41.2
49.1
60.9
82.1
114.9
139.3
165.8
190.9
209.3
235.2
259.1
3.7
6.0
12.3
17.1
26.4
42.9
63.7
99.1
126.4
146.7

235.8
656.7
768.0
722.4
546.0
888.6
875.2
919.8
848.4
871.1
1,080.6
1,159.2
1,214.7
1,387.5
1,890.8
2,249.2
3,028.4
282.4
492.6
720.3
1,015.6
1,340.8
1,704.6
2,037.8
2,402.5
2,761.7
3,127.8
3,520.5
4,006.3
431.3
830.6
1,225.4
1,722.9
2,336.5
2,971.2
3,546.0
4,071.1
4,693.6
5,165.4
5,664.6
5,779.0
298.0
438.2
716.2
981.9
1,287.0
1,655.7
2,008.8
2,351.8
2,778.1
3,192.1

178.5
16.9
-5.9
-24.4
62.7
-1.5
5.1
-7.8
2.7
24.1
7.3
4.8
14.2
36.3
19.0
34.6
136.4
85.9
55.6
49.7
43.2
38.7
34.3
30.5
28.6
30.2
29.7
32.3
52.7
68.6
70.1
69.6
74.3
74.3
74.0
69.5
70.0
65.1
60.9
44.2
-30.9
-47.2
-41.6
-43.0
-44.9
-44.3
-43.4
-42.2
-40.8
-38.2

31


Real and nominal effective exchange rate index of Togrog

in percent


End of period

1-

2-

3-

4-

5-

6-

7-

8-

9-

10-

11-

12-

Jan.

Feb.

March

April

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

2000 =100
Average of 2000=100

2001
2002
2003
2004
2005
2006
2007
2008*
2009

REER

104.35

99.97

102.61

102.34

101.97

97.58

99.90

98.12

99.19

101.23

102.64

104.37

NEER

99.63

99.41

99.89

100.92

100.49

100.78

101.41

100.70

101.00

99.93

100.69

102.25

REER

99.82

103.29

101.59

104.60

104.64

100.86

99.51

97.13

99.50

98.92

100.22

101.15

NEER

102.61

102.86

102.88

102.93

103.43

101.46

100.57

100.61

101.09

98.77

99.16

99.92

REER

98.13

98.90

98.00

101.24

99.92

94.01

93.83

90.69

94.07

93.88

93.27

92.87

NEER

98.45

98.47

97.36

98.84

97.28

96.06

95.05

94.53

94.21

93.39

92.78

92.16

REER

91.62

90.88

89.98

90.75

91.36

90.14

90.39

88.58

88.52

86.84

86.42

83.56

NEER

90.79

89.08

89.81

90.31

90.92

90.37

89.15

88.45

88.47

87.61

85.51

83.02

REER

86.62

88.49

88.82

91.32

89.17

89.06

88.13

83.64

85.16

84.53

86.11

86.18

NEER

85.36

86.55

88.36

88.43

87.78

87.19

88.25

86.34

85.74

85.84

86.00

85.35

REER

93.64

86.26

87.48

88.74

86.90

87.82

87.32

88.54

85.09

87.07

85.13

86.00

NEER

85.64

86.26

88.08

87.46

86.77

86.81

87.61

87.57

87.05

87.03

86.72

86.01

REER

85.94

86.55

84.17

86.39

85.01

85.42

81.64

80.23

82.97

81.83

81.65

80.55

NEER

86.36

85.28

84.38

85.18

84.52

84.76

83.92

82.10

80.88

80.69

80.07

81.73

REER

101.50

101.17

100.67

100.48

100.62

100.73

100.75

101.82

102.44

102.77

102.54

94.61

NEER

82.73

84.85

85.46

89.88

93.97

94.78

95.56

100.64

101.34

101.38

102.48

97.32

REER

87.50

81.75

76.07

82.91

NEER
90.69
85.08
81.98
89.93
REER- , NEER-
REER-real effective exchange rate, NEER-nominal effective exchange rate
*2005 12 =100

83.01

82.55

75.37

75.29

77.12

90.83

88.63

80.60

81.94

76.66

72.98

32


Exchange rates on foreign exchange market

Togrog against foreign currency


End-of-period

USD

monthly
average

EUR

SEK

BGN

HUF

CZK

EGP

JPY

CHF

GBP

HKD

RUB

end-of-period

1993 12
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

396.51
414.09
473.62
693.51
813.16
902.00
1072.37
1097.00
1102.00
1125.0
1168.0
1209.0
1221.0
1165.0
1166.0
1164.0
1165.0
1165.0
1165.0
1163.6
1165.1
1187.3
1184.3
1177.5
1171.8
1170.0
1171.77
1171.8
1168.2
1164.9
1161.4
1158.1
1155.4
1150.9
1146.1
1144.4
1170.6
1267.5
1381.7
1470.2
1524.1
1423.9
1428.4
1435.5
1455.3
1429.1
1426.0
1423.8

395.03
413.00
473.48
692.76
811.95
891.86
1070.39
1097.00
1101.29
1124.09
1170.30
1211.77
1226.68
1164.84
1165.55
1164.64
1164.55
1165.00
1165.00
1164.09
1164.10
1180.38
1187.63
1179.71
1173.94
1170.22
1170.67
1171.67
1170.84
1166.67
1163.26
1159.22
1156.77
1152.91
1148.24
1144.58
1155.85
1228.97
1333.41
1436.96
1562.95
1430.72
1423.94
1428.56
1455.62
1446.33
1418.47
1438.60

1086.85
1006.61
973.60
1169.4
1460.2
1647.4
1449.1
1535.3
1511.1
1538.6
1553.4
1583.9
1566.2
1566.5
1592.1
1621.9
1673.7
1696.8
1736.0
1717.2
1731.1
1768.4
1841.7
1812.0
1810.7
1823.2
1803.1
1699.4
1644.0
1511.8
1510.4
1786.8
1807.6
1875.6
2009.7
1877.2
1982.5
2012.1
2044.5
2048.1
2078.8
2110.0

128.00
160.60
183.20
153.82
169.83
167.12
166.17
166.41
173.07
168.47
169.27
172.90
173.00
181.19
184.86
185.69
181.49
183.14
188.72
196.03
193.57
194.11
193.81
190.71
180.29
169.34
153.73
146.56
163.07
170.77
166.61
182.97
174.81
184.03
184.23
195.15
201.40
202.92
203.10

599.30
746.50
842.40
741.20
785.00
772.60
786.60
794.30
809.70
800.80
800.96
814.09
829.19
855.83
867.57
887.41
877.99
885.09
904.11
941.54
926.28
925.73
932.13
921.70
868.87
840.55
772.57
772.29
913.52
924.13
958.95
1027.52
959.80
1013.64
1029.06
1045.36
1047.23
1062.84
1078.83

5.00
5.60
6.70
5.80
6.10
5.90
6.10
6.20
6.40
6.20
6.34
6.33
6.33
6.69
6.76
6.83
6.78
6.70
6.84
7.17
7.18
7.51
7.64
7.83
7.15
6.79
5.97
5.77
6.67
6.32
6.33
6.53
6.42
6.95
7.28
7.61
7.59
7.71
7.72

37.30
44.90
54.00
50.10
55.80
53.50
54.10
55.40
56.40
55.20
54.83
56.86
58.67
60.63
62.95
65.56
64.49
66.46
70.52
72.88
71.79
72.48
75.73
75.98
68.70
67.02
63.56
60.08
67.20
65.69
66.12
73.22
70.10
74.10
77.43
79.95
80.51
82.52
79.97

242.80
188.80
197.70
212.40
204.00
204.50
204.40
204.30
205.20
204.50
204.19
206.17
209.90
211.66
213.03
211.86
211.66
210.66
213.45
213.85
215.93
217.08
216.47
217.63
214.01
210.10
205.08
212.07
229.41
247.83
262.30
270.31
252.47
254.09
256.29
262.27
258.46
259.32
260.16

3.55
4.12
4.63
5.98
6.28
7.71
10.42
9.74
8.39
9.38
10.92
11.65
10.37
9.81
9.57
9.73
9.92
9.75
9.46
9.80
10.29
10.25
10.27
10.67
10.33
10.98
11.01
11.69
11.18
11.05
10.88
10.70
10.56
10.79
11.59
12.30
14.04
15.32
15.43
15.84
14.73
14.78
15.03
15.32
15.22
15.89
15.64

275.01
310.99
409.53
514.28
565.93
656.72
676.15
659.53
657.30
804.00
935.70
1067.70
930.10
955.00
930.20
951.10
958.20
964.30
951.40
947.47
965.67
989.36
1010.59
1010.78
1054.13
1032.58
1073.34
1102.84
1170.75
1121.10
1113.81
1133.19
1105.55
1053.03
1036.86
1014.78
975.25
1202.57
1194.90
1265.48
1325.85
1246.92
1310.91
1318.90
1337.84
1346.95
1376.39
1396.74

592.70
639.77
731.27
1172.48
1358.14
1508.05
1734.56
1615.11
1598.60
1804.00
2073.40
2320.90
2103.70
2290.90
2293.50
2288.50
2288.20
2316.70
2305.00
2326.85
2362.13
2393.91
2393.21
2430.09
2428.77
2337.54
2332.35
2318.86
2329.74
2309.73
2290.51
2296.20
2290.42
2113.47
2074.02
1903.43
1802.26
1837.19
1948.83
2136.60
2157.63
2095.71
2276.46
2371.79
2398.26
2327.14
2261.65
2353.75

51.32
53.51
61.23
89.64
104.93
116.45
137.99
140.66
141.30
144.30
150.50
155.50
157.50
149.80
149.30
149.00
149.10
148.90
149.30
148.91
148.92
152.17
152.58
151.93
150.48
149.99
150.18
150.54
150.12
149.52
148.81
148.44
148.06
147.39
147.47
147.61
150.98
163.55
178.11
189.62
196.65
183.71
184.23
185.22
187.76
184.37
184.00
183.72

0.12
0.10
0.12
0.14
42.65
39.95
39.18
36.20
35.40
39.90
43.40
42.50
44.30
43.90
44.50
44.80
45.30
45.00
45.08
45.53
46.29
47.42
47.66
48.14
47.68
47.87
48.59
49.67
49.18
49.09
49.39
49.32
46.81
46.31
43.13
42.71
43.12
39.76
40.93
44.60
42.82
45.64
45.93
45.75
45.24
47.35
48.95

33


Exchange rates on foreign exchange market

continued


End-of-period

1993 12
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

//

//

CNY

KRW

CAD

AUD

THB

IDR

MYR

SGD

XAU

XAG

48.60
56.94
83.57
98.21
108.96
129.53
132.52
133.10
135.90
141.10
146.10
151.30
149.20
149.90
150.30
150.80
151.00
152.30
152.78
153.96
157.26
157.61
157.59
158.76
160.18
162.92
164.69
166.58
166.71
167.41
168.78
169.03
168.54
167.43
167.34
171.43
185.25
202.01
214.99
222.94
208.61
209.19
210.08
212.97
209.20
208.85
208.51

0.82
0.49
0.74
0.95
0.89
0.83
0.94
0.98
1.16
1.21
1.25
1.24
1.24
1.24
1.25
1.25
1.26
1.26
1.26
1.29
1.30
1.26
1.25
1.24
1.25
1.18
1.16
1.13
1.11
1.14
1.06
0.96
0.92
0.79
1.01
1.00
0.97
1.10
1.06
1.14
1.12
1.18
1.15
1.20
1.20

298.28
295.08
347.61
506.86
567.27
582.16
730.75
720.81
691.00
720.60
892.60
999.00
1048.30
1004.20
985.50
1004.10
1004.20
1038.80
1087.90
1008.11
1092.84
1116.97
1180.48
1232.54
1186.47
1194.58
1173.06
1197.87
1148.53
1149.65
1172.51
1146.37
1129.93
1100.56
1099.68
960.61
953.48
1027.82
1132.79
1176.89
1217.50
1175.48
1274.59
1242.42
1339.13
1313.77
1316.18
1333.68

547.97
691.09
608.56
559.70
634.90
872.10
936.70
892.60
923.20
901.30
923.70
943.10
961.10
954.30
979.43
993.45
969.35
1040.55
1084.78
1036.53
1024.02
1039.18
1099.81
1073.08
1087.59
1116.13
1112.08
1096.43
997.38
936.53
783.61
761.91
875.03
908.30
952.60
1034.77
1016.99
1114.34
1151.84
1195.53
1200.97
1245.69
1299.75

24.73
28.52
26.10
24.90
26.00
29.50
31.00
29.80
32.30
32.20
32.70
33.30
33.40
33.60
33.69
38.99
34.60
34.56
34.62
36.28
34.75
35.48
36.61
37.06
36.73
35.78
34.49
34.50
33.80
33.64
32.88
33.13
38.68
39.59
41.18
42.88
40.23
41.49
42.13
42.74
42.01
42.44
42.61

0.11
0.15
0.12
0.11
0.13
0.14
0.13
0.12
0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.12
0.12
0.13
0.13
0.13
0.13
0.12
0.13
0.13
0.13
0.12
0.11
0.10
0.11
0.12
0.12
0.13
0.13
0.14
0.14
0.15
0.14
0.15
0.15

237.68
282.20
288.68
290.00
296.10
307.40
318.20
323.00
330.70
332.90
333.00
337.30
340.50
342.40
335.49
336.16
338.45
346.45
352.07
347.72
352.61
362.05
365.62
365.57
369.35
358.12
354.87
354.08
340.30
332.54
323.68
323.20
363.86
383.79
401.41
416.93
396.07
406.42
405.73
411.80
405.29
408.48
416.63

543.18
642.41
634.84
595.90
647.60
686.40
738.40
733.10
760.20
757.60
762.60
768.00
767.30
761.70
757.40
769.27
779.54
793.53
811.52
809.63
808.74
825.34
838.15
845.67
855.69
850.10
849.15
844.89
814.54
799.06
780.42
774.21
878.75
918.26
963.16
1001.39
952.73
983.29
986.15
1006.85
991.50
1005.37
1018.70

257761.60
308574.47
300358.60
306080.50
393187.50
485537.60
528151.70
625152.00
738959.50
748921.80
798213.00
774958.00
783520.80
766395.30
750134.08
771782.11
790134.84
863325.54
924463.10
945541.56
969437.14
1080371.94
1118677.96
1101467.49
1033185.29
1043258.67
1064428.09
1059398.18
960031.58
996181.43
889576.02
952608.30
1110719.01
1221871.02
1455394.79
1412508.08
1272503.68
1358379.87
1349073.50
1353720.06
1358169.12
1414815.89
1487343.26

4446.86
5651.60
5062.66
4937.00
5298.80
6926.20
8263.50
10897.40
15034.30
15303.80
17046.80
15535.30
15488.70
15319.80
14353.38
14820.45
14075.20
15910.53
16909.40
16985.53
17204.41
19480.68
22387.62
21313.26
19640.89
20294.94
20110.75
20010.66
15825.01
14859.06
11769.85
12010.77
13765.16
16462.48
21302.76
20292.99
17848.09
21175.59
20161.46
19406.43
20521.16
23022.93
23607.27

SDR

549.62
602.19
708.53
999.35
1095.06
1271.24
1473.72
1426.96
1382.40
1519.20
1729.00
1875.00
1751.80
1751.20
1736.70
1744.50
1762.90
1776.50
1766.00
1761.21
1782.56
1819.64
1838.93
1847.94
1863.28
1833.66
1863.69
1875.84
1923.56
1898.57
1891.82
1883.26
1880.34
1810.28
1800.26
1705.16
1732.68
1973.04
2088.01
2182.11
2279.37
2118.85
2202.49
2226.47
2260.55
2227.88
2254.10
2259.96

34


The Government budget accounts

in millions of togrogs

End-of-period


Total budget account
,
Revenue & Grant

amount
1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

6,497.2
11,916.4
54,843.3
86,131.4
94,741.3
136,274.4
159,154.0
227,550.4
227,266.6
254,749.9
350,998.1
439,290.0
477,048.9
553,889.3
692,786.1
837,858.3
1,353,192.2
153,143.0
233,364.2
342,264.3
452,191.4
581,309.3
737,321.8
868,362.6
1,051,858.3
1,231,128.1
1,407,503.2
1,596,458.2
1,851,189.8
175,421.4
323,418.0
497,034.6
684,558.2
820,559.8
1,033,228.3
1,251,720.5
1,405,094.0
1,619,091.9
1,774,904.3
1,913,911.1
2,156,382.6
83,778.9
177,086.7
333,926.9
469,469.2
633,116.6
826,318.4
990,145.9
1,137,856.8
1,331,413.6
1,519,590.2

annual
changes %
83.4
360.2
57.0
58.2
16.8
43.0
-0.1
12.1
37.8
25.2
8.6
16.1
25.1
20.9
61.5
172.0
66.1
59.7
52.8
42.1
36.8
36.9
38.0
37.5
32.2
35.1
36.8
14.5
38.6
45.2
51.4
41.2
40.1
44.1
33.6
31.5
26.1
19.9
16.5
-52.2
-45.2
-32.8
-31.4
-22.8
-20.0
-20.9
-19.0
-17.8
-14.4

Of which

Current revenue

6,055.2
11,289.6
51,816.4
82,194.0
89,383.4
127,512.7
152,804.6
211,237.7
204,462.4
247,859.3
346,205.3
430,113.6
470,207.2
545,227.1
686,689.7
833,567.6
1,348,505.3
153,089.3
233,129.9
341,943.4
451,867.9
580,813.1
736,737.6
867,778.4
1,051,188.3
1,230,456.0
1,403,157.3
1,591,441.0
1,843,669.4
173,738.0
321,409.3
494,422.5
680,454.7
816,782.2
1,029,694.3
1,248,025.1
1,400,950.6
1,607,835.9
1,762,976.8
1,901,595.1
2,136,092.1
83,687.4
176,811.5
333,465.2
468,775.7
632,170.5
824,903.0
975,611.2
1,123,120.3
1,316,407.9
1,504,293.8

,
Expenditure

Of which

Tax revenue

5,145.8
10,231.0
49,810.1
67,596.4
79,130.5
109,269.5
128,157.5
179,353.7
160,763.5
182,038.7
260,640.8
328,203.2
359,179.2
420,969.2
578,800.9
692,206.5
1,125,617.1
82,784.2
152,072.8
248,981.7
333,594.9
445,843.5
574,366.2
683,546.7
836,940.7
994,269.5
1,130,746.5
1,277,655.9
1,500,720.3
137,039.0
266,530.7
415,289.4
593,293.8
712,940.0
907,033.4
1,092,415.3
1,234,060.0
1,414,643.4
1,563,318.1
1,686,967.1
1,888,925.2
76,253.2
160,342.9
277,220.0
385,472.7
500,548.9
646,017.9
783,013.5
916,561.4
1,070,924.1
1,247,556.3


Non-tax revenue

909.4
1,058.6
2,006.3
14,597.6
10,252.9
18,243.2
24,647.1
31,884.0
43,698.9
65,820.6
85,564.5
101,910.4
111,028.0
124,257.9
107,888.8
141,361.1
222,888.3
70,305.1
81,057.1
92,961.7
118,273.0
134,969.6
162,371.4
184,231.7
214,247.6
236,186.5
272,410.8
313,785.1
342,949.1
36,699.0
54,878.6
79,133.1
87,160.9
103,842.2
122,660.9
155,609.8
166,890.6
193,192.5
199,658.7
214,628.0
247,166.9
7,434.2
16,468.6
56,245.2
83,303.0
131,621.6
178,885.1
192,597.7
206,558.9
245,483.8
256,737.5

Grant

432.1
615.2
3,026.9
3,265.3
3,772.2
5,010.5
4,329.3
6,111.2
8,219.0
6,890.6
4,792.8
9,176.4
6,841.7
8,662.2
6,096.4
4,290.7
4,686.9
53.7
234.3
320.9
323.5
496.2
584.2
584.2
670.0
672.2
4,345.9
5,017.2
7,520.4
1,683.4
2,008.7
2,612.1
4,103.5
3,777.6
3,534.0
3,695.4
4,143.4
11,256.0
11,927.5
12,316.0
20,290.5
91.5
275.2
461.7
693.5
946.1
1,415.4
14,534.7
14,736.5
15,005.7
15,296.4

amount

Of which


annual Current
changes %expenditure

8,929.3
11,560.7
61,661.9
101,326.1
103,632.6
147,730.6
174,192.9
298,028.0
324,791.2
364,693.9
429,653.1
489,868.0
550,481.2
615,771.3
717,266.7
764,597.1
1,228,667.7
78,831.9
150,811.9
269,503.4
386,687.2
532,739.3
639,414.0
748,153.0
840,601.8
867,286.2
1,221,264.3
1,411,955.0
1,749,168.4
136,992.0
268,144.6
439,686.3
635,811.4
812,956.7
1,038,056.0
1,227,458.3
1,401,442.6
1,622,173.2
1,845,653.2
2,076,854.6
2,462,046.6
112,488.0
289,327.6
440,852.4
603,842.4
824,894.3
1,087,584.2
1,271,736.7
1,472,359.9
1,663,921.4
1,855,647.6

29.5
433.4
64.3
2.3
45.8
17.9
71.1
9.0
12.3
17.8
14.0
12.4
11.9
16.5
6.6
60.7
39.6
28.0
50.5
53.0
68.3
63.6
59.1
54.3
36.4
55.3
59.6
42.4
73.8
77.8
63.1
64.4
52.6
62.3
64.1
66.7
87.0
51.1
47.1
40.8
-17.9
7.9
0.3
-5.0
1.5
4.8
3.6
5.1
2.6
0.5

41,553.3
74,676.2
75,718.7
105,536.2
128,154.1
203,452.0
220,606.6
251,005.7
314,118.7
366,838.3
415,309.0
434,831.7
525,804.2
600,288.8
978,456.4
76,579.5
140,017.2
248,668.3
337,858.5
438,926.5
526,520.5
594,395.2
713,632.5
706,279.7
1,024,526.7
1,182,301.9
1,361,462.7
134,592.4
254,505.8
405,326.5
541,599.2
683,605.0
838,201.7
968,661.2
1,088,406.8
1,225,583.7
1,391,706.7
1,521,204.2
1,749,518.5
102,417.2
267,360.6
406,231.2
543,590.1
702,364.5
860,327.4
985,877.2
1,121,803.6
1,260,345.6
1,401,500.9

: ,
. Source: Monthly Statistical Bulletin, NSO
.
Due to adjustment in "Lending minus repayments" made by the Ministry of Finance the figure differs from the previous months data.

1
1

35


The Government budget accounts

continued

End-of-period

Deficit

Capital
expenditure

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

8,269.9
10,550.6
14,481.0
22,559.3
26,006.9
28,148.4
102,738.1
28,313.3
52,130.9
59,135.3
68,100.3
90,465.1
105,452.5
89,818.1
177,492.6
564.3
4,278.0
11,394.4
27,861.5
67,829.5
81,411.6
115,787.5
88,809.5
117,154.7
147,836.4
175,525.4
286,980.0
2,031.0
12,535.6
29,150.0
57,100.7
81,867.2
150,184.4
197,616.3
234,118.1
281,419.3
336,275.5
443,548.0
624,898.8
9,482.3
17,378.1
27,719.6
53,349.7
77,218.5
109,862.1
165,625.1
215,409.0
264,288.6
309,510.4

11,838.7
16,099.3
13,432.9
19,635.1
20,031.9
66,427.6
1,446.5
85,374.9
63,403.5
63,894.4
67,071.9
90,474.5
86,010.1
74,490.3
72,718.7
1,688.1
6,516.7
9,440.7
20,967.2
25,983.4
31,481.9
37,970.3
38,159.8
43,851.8
48,901.2
54,127.7
100,725.7
368.6
1,103.2
5,209.8
37,111.5
47,484.5
49,669.9
61,180.8
78,917.7
115,170.2
117,671.0
112,102.4
87,629.3
588.5
4,588.9
6,901.6
6,902.6
45,311.3
117,394.7
120,234.4
135,147.3
139,287.2
144,636.3

-2,432.1
355.7
-6,818.6
-15,194.7
-8,891.3
-11,456.2
-15,038.9
-70,477.6
-97,524.6
-109,944.0
-78,655.0
-50,578.0
-73,432.3
-61,882.0
-24,480.6
73,261.2
124,524.5
74,311.1
82,552.3
72,760.9
65,504.2
48,570.0
97,907.8
120,209.6
211,256.5
363,841.9
186,238.9
184,503.2
102,021.4
38,429.4
55,273.4
57,348.3
48,746.8
7,603.1
-4,827.7
24,262.2
3,651.4
-3,081.3
-70,748.9
-162,943.5
-305,664.0
-28,709.1
-112,240.9
-106,925.5
-134,373.2
-191,777.7
-261,265.8
-281,590.8
-334,503.1
-332,507.8
-336,057.4


Central Government budget
, ,


Total
Total expenrevenue &
diture &
grants
net lending

6,472.9
43,854.7
65,593.1
75,404.7
105,385.5
122,371.9
174,652.4
170,719.1
210,164.4
287,876.0
347,346.0
379,281.4
523,344.0
652,466.3
792,509.8
1,130,538.2
148,766.6
224,363.9
326,225.7
426,642.3
547,643.0
694,844.2
817,665.1
993,718.5
1,164,924.1
1,335,141.4
1,513,288.1
1,753,430.7
130,187.4
221,907.1
321,481.0
443,788.0
537,671.0
662,170.2
806,979.5
895,752.9
1,030,887.4
1,173,506.2
1,276,731.0
1,442,692.5
65,507.7
134,750.8
242,165.0
352,738.9
478,157.4
619,069.6
741,855.4
853,433.9
986,896.5
1,111,507.2

5,500.1
34,986.4
77,791.6
72,303.9
115,220.1
132,880.8
237,330.9
269,583.6
297,502.3
360,286.9
395,862.8
443,592.3
585,374.5
675,853.0
717,805.2
835,161.6
77,078.7
145,552.3
258,830.0
347,441.1
673,161.3
632,416.5
725,693.6
802,206.6
1,039,434.4
1,163,534.9
1,339,121.4
1,655,475.9
116,042.3
207,028.4
334,250.5
492,544.9
631,443.4
808,654.5
955,764.3
1,073,763.0
1,249,313.9
1,399,538.2
1,550,459.6
1,736,668.6
95,955.1
251,585.6
375,872.9
509,611.3
665,338.0
891,990.9
1,018,207.9
1,149,900.4
1,293,969.3
1,439,220.9

Deficit

972.8
8,868.3
-12,198.5
3,100.8
-9,834.6
-10,508.9
-62,678.5
-98,864.5
-87,337.9
-72,410.9
-48,516.8
-64,310.9
-62,030.5
-23,386.7
74,704.6
295,376.6
71,687.9
78,811.6
67,395.7
79,201.2
-125,518.3
62,427.7
91,971.5
191,511.9
125,489.7
171,606.5
174,166.7
97,954.8
14,145.1
14,878.7
-12,769.5
-48,756.9
-93,772.4
-146,484.3
-148,784.8
-178,010.1
-218,426.5
-226,032.0
-273,728.6
-293,976.1
-30,447.4
-116,834.8
-133,707.9
-156,872.4
-187,180.6
-272,921.3
-276,352.5
-296,466.5
-307,072.8
-327,713.7


Local Government budget
,
,

Total
Total expenrevenue &
diture &
grants
net lending

4,464.1
11,849.6
19,804.1
19,336.6
30,888.9
36,782.1
52,898.0
60,664.5
58,849.0
68,536.3
84,433.4
102,604.8
50,260.7
67,919.4
78,308.9
95,327.2
7,557.1
17,365.7
28,331.0
41,350.8
54,755.4
69,737.8
82,090.4
92,096.9
103,592.7
111,853.4
128,494.5
149,394.0
17,906.8
29,019.6
47,217.4
63,248.0
86,207.9
104,616.7
120,642.9
133,704.4
149,148.6
165,558.3
176,490.8
203,697.5
12,181.9
31,511.5
56,920.7
81,467.3
101,770.2
127,897.8
147,610.3
165,203.3
189,675.9
216,367.4

6,060.6
21,525.0
29,701.6
31,328.7
49,081.8
61,753.4
87,817.8
100,702.4
101,266.6
131,077.2
154,841.8
164,330.9
50,112.1
69,013.4
79,343.2
93,013.1
4,933.9
13,625.1
22,965.6
29,370.9
38,504.3
54,278.7
63,541.0
72,298.4
88,237.3
97,221.1
118,158.0
145,327.3
7,352.8
20,550.7
37,069.9
51,086.4
71,769.7
89,610.8
108,043.5
123,062.4
142,362.2
158,310.3
171,961.9
203,136.0
8,225.6
26,449.1
44,044.4
62,644.4
79,225.1
101,239.4
126,886.4
154,094.4
177,309.0
200,122.6

Deficit

-1,596.5
-9,675.4
-9,897.5
-11,992.1
-18,192.9
-24,971.3
-34,919.8
-40,037.9
-42,417.6
-62,540.9
-70,408.4
-61,726.1
148.5
-1,094.0
-1,034.3
2,314.1
2,623.2
3,740.6
5,365.4
11,979.9
16,251.1
15,459.1
18,549.4
19,798.5
15,355.4
14,632.3
10,336.5
4,066.7
10,554.0
8,468.9
10,147.5
12,161.6
14,438.2
15,005.9
12,599.4
10,642.0
6,786.4
7,248.0
4,528.9
561.5
3,956.3
5,062.4
12,876.3
18,822.9
22,545.1
26,658.4
20,723.9
11,108.9
12,366.9
16,244.7

36


Securities market developments


End-of-period

Of which


( )

Market capitalisation

Number of
trading day

Number of listed
companies

Number of trading
companies

Listed
stocks
(in miilions of
number)

State owned

1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

22
23
21
21
22
23
23
22
21
22
19
21
21
23
20
19
23
20
23
21
21
22
20
21
22
22
21
22
21
22
23
19
23
21
18
22
22
21
21
22
21
22
22

: ,

429
418
410
400
403
402
395
392
387
385
386
384
385
386
386
385
386
387
385
384
384
383
381
380
379
382
382
382
380
379
378
378
376
375
375
374
374
374
365
364
364
363
363

129
89
69
59
61
68
67
66
60
57
58
57
56
56
56
56
57
56
56
56
56
56
34
34
34
34
34
34
34
34
34
34
33
33
33
33
33
33
33
32
32
31
31

302
203
125
88
134
117
69
108
117
108
126
126
133
133
143
148
130
147
177
145
143
133
114
73
76
76
75
77
62
82
69
57
50
59
45
44
64
56
47
46
60
58
76

226.4
261.0
273.5
274.3
657.3
1124.6
2014.7
2161.3
2270.8
2286.2
2285.7
2285.4
2405.0
2410.0
2460.5
2460.4
2481.7
2491.4
2491.2
2491.1
2491.1
2442.3
2442.1
2442.0
2441.4
2687.1
2697.9
2804.7
2804.5
2803.8
2951.9
2951.9
2951.7
3025.1
3025.1
3025.0
3025.0
3025.0
3023.3
3023.2
3023.2
3097.7
3097.7

in miilions of
togrog

35853.4
34428.0
40482.8
41283.3
35847.6
49513.4
29966.4
55701.0
131179.1
138815.1
155775.0
184454.1
183274.8
205318.3
252798.1
474470.2
740372.4
741297.8
703654.6
637455.8
717560.9
788261.7
847518.0
889909.4
842267.0
830089.8
809669.4
772490.4
722118.2
686178.7
576825.7
562349.2
515872.4
450288.8
438542.0
454433.4
449313.0
454597.5
471412.8
456086.5
508426.7
701141.6
689217.8

in miilions of
USD

39.8
32.1
36.9
37.5
31.9
42.4
24.8
45.6
112.6
119.1
133.8
158.3
157.3
176.2
217.2
407.2
623.6
626.0
597.6
544.0
613.3
672.7
723.2
761.8
723.0
714.8
702.8
668.6
627.4
598.7
504.1
475.3
407.0
325.9
298.0
298.2
315.6
318.3
328.4
313.4
355.8
491.7
483.8

Source: Monthly Report, Mongolian Stock Exchange

37


continued

End-of-period

1998 12
1999 12
2000 12
2001 12
2002 12
2003 12
2004 12
2005 12
2006 12
2007 01
02
03
04
05
06
07
08
09
10
11
12
2008 01
02
03
04
05
06
07
08
09
10
11
12
2009 01
02
03
04
05
06
07
08
09
10

( .)
Value of transaction (in millions of togrog)

Of which

Total amount

Daily average

533.8
350.9
5988.7
312.8
459.1
349.4
1189.0
346.4
2596.0
3030.2
1821.1
1756.4
11111.1
6340.5
6947.4
5064.4
15926.6
16735.6
12993.4
4422.7
16426.4
3546.0
1929.8
3743.8
3663.1
25762.5
6401.0
6700.9
4754.2
2887.1
1032.0
1185.2
740.4
472.6
1382.3
2000.9
2166.8
2161.2
2110.3
855.3
1147.3
1884.9
3305.6

24.3
15.3
285.2
14.9
20.9
15.2
7.7
15.7
123.6
137.7
95.8
83.6
529.1
275.7
347.4
266.5
692.5
836.8
564.9
210.6
782.2
161.2
96.5
178.3
166.5
1171.0
304.8
304.6
226.4
137.5
44.9
62.4
32.2
22.5
76.8
91.0
98.5
102.9
100.5
38.9
54.6
85.7
150.3

5,917.26
952.86
9,329.02
4,613.70
6,267.75
3,996.87
7,699.67
7,692.34
1,464.91
29.83
-

-20
TOP-20 Index

224.40
428.68
212.35
1,012.41
133.17
39.33
68.22
3.78
108.71
348.47
174.75
18.80
82.73
43.30
0.96
502.00
-

533.83
350.90
71.39
88.44
30.47
137.07
176.59
213.28
1,603.84
2,961.99
1,817.35
1,647.64
1,433.63
1,552.04
660.86
984.83
8,183.64
9,043.30
12,993.36
4,421.76
16,426.43
3,546.02
1,929.77
3,743.78
3,161.13
25,762.50
4,936.12
6,671.07
4,754.23
2,887.08
1,032.03
1,185.20
740.40
472.56
1,382.28
2,000.94
2,166.84
2,161.25
2,110.31
855.28
1,147.26
1,884.90
3,305.61

average

highest

lowest

close

238.88
253.69
488.96
845.28
1025.82
740.69
590.68
995.30
1867.99
2101.10
2253.50
2770.65
2970.56
3017.17
4026.96
6633.82
10490.24
12461.66
11214.89
10160.72
10014.03
10773.89
12085.41
12668.94
12455.78
11366.43
10318.79
9920.37
9026.38
8393.59
7660.70
6401.40
5777.66
5318.54
4747.02
4953.70
5021.09
4798.76
4773.28
4806.13
5060.98
6890.75
7557.60

251.85
259.53
506.31
962.97
1128.02
910.79
682.13
1053.00
2030.81
2152.55
2431.10
3025.00
3043.50
3336.29
4441.78
8131.94
12712.45
13676.95
11692.68
10625.75
10568.33
11247.65
12531.97
13074.88
12990.74
11869.40
10498.77
10363.53
9501.56
8760.74
8421.61
6734.90
6174.18
5648.62
4890.52
5049.82
5098.52
4965.47
4899.46
4903.51
5523.18
7722.24
7937.13

229.09
245.40
459.64
757.82
803.68
587.88
506.54
955.90
1755.03
2031.88
2146.70
2467.24
2911.32
2782.87
3340.29
4300.74
8213.07
11731.70
10657.09
9640.15
9441.35
10248.72
11414.59
12111.83
11873.67
10670.35
10121.30
9481.42
8439.74
8121.92
6530.29
6159.10
5511.01
4944.41
4537.98
4800.53
4926.36
4674.11
4651.94
4711.22
4837.86
5688.77
7155.92

235.02
255.72
469.93
814.02
933.93
895.90
585.69
1019.20
2030.81
2152.55
2431.10
3019.26
2911.32
3336.29
4408.17
8122.64
12712.45
11814.43
10657.09
9640.15
10256.13
11247.65
12359.05
12966.77
11934.31
10670.35
10302.15
9481.42
8639.77
8496.10
6530.29
6292.50
5583.22
4944.41
4811.44
5049.82
4946.46
4719.57
4884.18
4780.14
5499.58
7651.75
7278.53

38

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