The Bank of Mongolia

BANK OF MONGOLIA
Monthly Statistical Bulletin
2009-05


CONTENTS

Monetary survey

, 12
Annualized growth rate of monetary and financial aggregates

Money supply

Monetary surey

Monetary survey

Consumer price index

14

Loans outstanding

19

Deposit rate

23

Loan rate

24

,
Interest rate applied by banks

26

Trade balance

38

Real and nominal effective rate of togrog

30

Fax
976-11-311474

Exchange rates on foreign exchange market

31

Web site

The Government budget accounts

33

Securities market developments

35

The Bank of Mongolia

-9
- 46

Address
Baga toiruu 9

www.mongolbank.mn

,
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 01
02
03
04
05
06
07
08
09
10
11
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

(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
33.5
33.2
33.4
34.2
44.3
43.6
41.6
37.9
38.4
39.0
42.8
34.8
35.7
42 1
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
-3.4
-2.1
-1.7
-1.7
-2.7
-2.8

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
35.7
33.2
34.9
40.0
50.2
53.1
50.8
45.7
44.0
44.2
47.1
38.3
38.9
45 5
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
-8.4
-3.1
-3.6
-0.1
-1.3
-1.3

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
26.7
33.0
28.6
18.1
27.7
18.3
16.6
17.0
21.1
22.1
28.4
23.3
25.2
30 7
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
11.9
1.3
4.9
-7.0
-7.2
-7.2

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
13.0
11.6
9.1
6.5
17.8
12.1
6.6
7.9
8.6
11.5
18.0
21.5
13.1
29 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

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
20.6
13.4
16.7
13.5
22.1
18.4
16.2
15.4
15.9
18.7
25.5
27.9
12.8
33 0
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

Reserve
money

Deposits
Deposits

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
24.9
21.8
19.6
24.7
28.0
25.3
21.8
10.4
25.0
18.7
19.8
35.8
22.8
35 1
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

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
32.4
28.6
28.8
33.8
51.0
54.4
54.5
54.1
51.9
53.4
53.0
48.2
44.4
53 2
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
-7.7
-5.7
-5.2
-2.8
0.2
0.3

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
51.1
59.1
63.0
56.9
46.5
40.1
35.3
21.7
26.1
20.4
31.1
12.6
26.9
22 3
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
-2.0
4.9
-3.1
-2.3
-12.4
-11.6

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
43.0
40.0
37.4
42.6
51.3
42.5
42.3
45.5
45.7
44.6
47.6
62.5
64.5
74 4
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
-16.1
-17.8
-18.1
-12.9
-5.4
-8.1

,
Year on year growth rate of monetary and financial aggregates

continued

End-of-period

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
2006 01
02
03
04
05
06
07
08
09
10
11
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

Foreign Current
currency account
deposits (Foreign
currency)
284.9
-81.4
2014.7
1249.7
46.1
-2.0
137.0
10.0
33.7
41.7
25.3
98.0
4.9
-28.5
72.3
39.5
35.1
0.1
39.6
13.9
51.3
58.9
73.2
98.3
75.6
-14.7
13.5
84.0
17.1
50.9
11.6
55.8
14.9
64.6
20.3
67.9
50.8
46.8
74.6
47.8
75.5
35.5
68.3
14.4
62.3
17.3
68.8
10.0
62.2
23.4
23.3
5.0
9.0
17.5
13 5
13.5
14 8
14.8
16.0
15.8
14.8
29.2
-13.7
30.5
-17.2
20.8
-18.3
35.3
-10.4
48.6
-11.7
31.1
-11.9
60.1
-13.8
34.2
24.1
53.5
37.1
21.2
48.5
49.8
46.9
37.7
42.0
33.9
47.0
35.2
44.1
54.3
45.8
45.8
27.1
32.8
28.9
21.3
9.3
2.6
14.2
-1.5
17.1
-11.6
29.7
12.5
30.4
4.7
24.8
13.8
14.2
-7.4
20.4
-8.1

()

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
51.5
44.1
63.7
48.7
60.7
48.5
40.6
48.7
46.0
46.3
29.3
45.8
35.0
47.8
33.5
46.7
43.2
44.6
39.3
44.5
44.4
43.4
25.7
42.3
41.6
44.6
32 3
32.3
47 5
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
8.1
28.2
-1.8
25.2
-10.9
20.4
-17.6
14.4
-18.1
5.9
-15.5
1.9

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
59.2
52.5
61.9
71.8
114.1
105.7
115.1
96.0
92.1
98.7
122.9
98.5
102.5
108 0
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
-49.9
-54.7
-51.4
-46.9
-42.1
-31.9

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
31.5
26.9
27.5
27.0
20.5
20.0
23.6
15.8
10.7
2.9
-0.4
-3.1
-13.3
-3.1
31
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
59.1
59.6
49.7
39.3
30.0
19.4

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
59.9
79.6
87.8
85.4
107.2
81.1
93.9
86.1
100.2
114.6
139.7
130.6
167.5
161 3
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

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
56.1
0.7
51.6
-0.7
62.7
-1.5
71.1
0.3
119.7
-1.2
104.4
-1.8
118.4
-2.0
97.1
-3.1
101.9
-3.9
112.8
-4.6
-17.7
-5.2
115.3
-4.6
137.9
-4.1
142 7
142.7
-3.0
30
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


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 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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
161,225.1
190,175.8
183,020.2
168,521.1
165,147.7
148,831.3
159,797.2
190,347.0
195,678.8
203,835.2
210,998.3
219,156.3
206 623 7
206,623.7
200,176.3
185,843.3
191,688.3
199,125.3
168,834.2
186,511.1
216,110.6
238,878.4
241,313.2
245,250.9
252,895.2
239,477.2
237,625.6
233,232.3
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

13.2
3.1
0.8
11.8
3.1
5.7
13.8
7.8
5.7
0.5
1.1
9.2
0.5
-5.7
1.7
-2.0
-9.9
7.4
19.1
2.8
4.2
3.5
3.9
-55.77
-3.1
-7.2
3.1
3.9
-15.2
10.5
15.9
10.5
1.0
1.6
3.1
-5.3
-0.8
-1.8
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

Of which

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
21,540.2
19,898.5
20,062.4
25,008.4
28,797.4
32,493.5
27,083.3
26,641.1
30,003.5
27,068.9
30,273.8
29,823.9
32 209 1
32,209.1
38,126.0
32,843.9
39,318.8
45,037.9
38,967.2
41,702.2
41,787.2
43,753.0
43,134.4
52,676.7
48,598.8
50,129.8
56,966.8
52,736.8
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

Currency outside banks

amount

monthly
changes %
737.0
1,694.3
1,839.2
8,750.6
12.0
18,767.2
5.7
25,591.2
2.6
41,704.4
14.4
49,768.3
4.1
56,445.8
9.2
87,281.3
15.2
100,933.4
7.3
109,160.7
8.2
120,783.6
1.2
131,496.7
-2.1
139,685.0
10.2
170,277.4
0.7
162,957.8
-5.9
143,512.7
3.9
136,350.3
-5.0
116,337.8
-14.7
132,713.9
14.1
163,705.9
23.4
165,675.3
1.2
176,766.3
6.7
180,724.5
2.2
189,332.4
4.8
174 414 6
174,414.6
-77.99
162,050.3
-7.1
152,999.4
-5.6
152,369.5
-0.4
154,087.5
1.1
129,867.0
-15.7
144,808.9
11.5
174,323.4
20.4
195,125.4
11.9
198,178.9
1.6
192,574.2
-2.8
204,296.5
6.1
189,347.4
-7.3
180,658.8
-4.6
180,495.5
-0.1
185,126.7
2.6
174,236.5
-5.9
167,635.8
-3.8
216,156.2
28.9
251,693.5
16.4
267,387.9
6.2
262,423.4
-1.9
266,735.2
1.6
290,167.8
8.8
267,321.2
-7.9
263,964.6
-1.3
261,749.3
-0.8
283,325.3
8.2
265,937.0
-6.1
245,276.5
-7.8
256,681.7
4.6
273,465.9
6.5
303,759.6
11.1
307,790.8
1.3
301,239.1
-2.1
323,227.4
7.3
286,146.0
-11.5
262,515.5
-8.3
262,999.8
0.2
328,724.0
25.0
278,335.9
-15.3
305,664.2
9.8
272,600.7
-10.8
287,660.5
5.5
308,010.7
7.1

(1)
Money (M1)

amount

monthly
changes %
4,749.9
7,313.7
7,640.2
18,548.4
32,871.2
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
210,799.3
254,807.0
241,994.9
221,327.6
211,272.3
197,122.8
213,357.6
248,012.6
255,501.6
277,664.4
278,810.8
293,241.4
273 522 2
273,522.2
262,138.2
253,099.1
269,124.4
267,579.6
262,113.5
274,375.7
292,829.0
326,227.3
328,612.9
325,022.7
343,056.9
331,262.5
320,034.2
325,026.4
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
660,616.3
559,118.9
576,330.5
537,091.5
541,700.6
575,719.8

-8.8
-0.4
-0.4
14.7
4.0
9.4
14.9
8.9
6.9
6.9
4.4
6.4
7.4
-4.7
4.1
-4.5
-6.7
8.2
16.2
3.0
8.7
0.4
5.2
-66.77
-4.2
-3.4
6.3
-0.6
-2.0
4.7
6.7
11.4
0.7
-1.1
5.5
-3.4
-3.4
1.6
2.1
0.9
2.3
17.2
13.4
7.7
2.4
-1.0
7.7
-3.7
1.6
-0.7
13.6
-6.5
-0.5
5.2
1.0
6.3
0.7
-0.1
2.9
-6.0
-7.0
-2.3
20.5
-15.4
3.1
-6.8
0.9
6.3

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
71,114.3
84,529.6
79,037.1
77,814.9
74,922.0
80,785.0
80,643.7
84,306.7
89,826.3
100,898.0
98,086.3
103,909.0
99 107 6
99,107.6
100,087.9
100,099.7
116,754.9
113,492.1
132,246.5
129,566.8
118,505.6
131,102.0
130,434.0
132,448.5
138,760.5
141,915.1
139,375.3
144,530.8
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
331,892.3
280,782.9
270,666.4
264,490.8
254,040.1
267,709.1


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 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

Quasi money

amount
()
monthly
Current
changes %
account
(Banks)
97.0
883.2
2,601.1
5,412.1
24,215.8
10.6
43,905.8
-2.6
59,408.1
-4.7
64,093.7
-4.0
93,956.6
13.0
84,667.6
-0.5
105,341.3
-1.6
128,067.7
2.1
174,908.9
3.0
282,397.8
3.8
490,499.0
15.8
529,391.3
1.2
557,364.5
0.9
585,255.1
-0.5
625,704.9
-0.2
647,462.6
3.5
662,992.0
2.4
679,616.2
2.5
684,463.4
0.7
716,631.3
4.7
731,924.1
2.1
761,332.4
4.0
787,961.6
3.5
838 852 7
838,852.7
65
6.5
850,661.3
1.4
857,516.1
0.8
871,014.4
1.6
878,891.2
0.9
883,278.8
0.5
916,865.6
3.8
958,408.2
4.5
1,076,520.2
12.3
1,120,923.4
4.1
1,147,752.1
2.4
1,147,853.6
0.0
1,208,172.2
5.3
1,226,302.4
1.5
1,261,053.4
2.8
1,204,590.0
-4.5
1,221,013.9
1.4
1,285,170.9
5.3
1,345,255.8
4.7
1,428,505.6
6.2
1,475,801.1
3.3
1,513,866.8
2.6
1,597,615.7
5.5
1,659,946.0
3.9
1,676,505.5
1.0
1,740,922.4
3.8
1,715,148.7
-1.5
1,810,778.1
5.6
1,755,432.1
-3.1
1,868,412.7
6.4
1,877,439.7
0.5
1,883,037.6
0.3
1,896,008.5
0.7
1,939,790.0
2.3
1,971,535.5
1.6
1,934,607.6
-1.9
1,921,537.3
-0.7
1,796,456.5
-6.5
1,693,506.9
-5.7
1,658,251.3
-2.1
1,700,856.1
2.6
1,800,793.6
5.9
1,876,206.8
4.2
1,858,902.5
-0.9
1,871,639.0
0.7

Of which

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
272,769.8
284,331.0
287,009.8
300,976.4
312,267.2
328,770.8
347,514.7
340,492.9
338,352.0
371,051.0
384,609.8
384,715.4
402 581 0
402,581.0
425,198.7
434,454.3
426,033.6
446,686.3
460,269.0
477,315.2
485,462.2
511,760.6
528,741.6
547,143.3
559,724.0
586,458.1
614,829.9
641,306.8
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
934,092.0
922,629.7
940,944.5
1,001,417.2
1,032,601.4
990,060.7

Of which

Individuals
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
259,914.4
270,335.1
270,634.3
287,894.4
298,234.1
309,224.3
325,127.1
319,574.4
315,445.5
346,587.8
360,992.6
340,952.0
367 789 8
367,789.8
376,276.9
386,252.5
399,980.0
412,001.5
430,645.2
445,639.2
446,255.3
475,582.3
498,240.6
515,867.8
530,341.8
550,111.8
577,650.1
598,955.8
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
833,272.4
816,595.1
839,313.9
894,900.5
916,089.7
895,347.1

Corporate
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
12,855.4
13,995.9
16,375.5
13,082.0
14,033.1
19,546.6
22,387.6
20,918.5
22,906.5
24,463.2
23,617.2
43,763.4
34 791 2
34,791.2
48,921.8
48,201.8
26053.6*
34,684.8
29,623.8
31,676.1
39,206.9
36,178.3
30,501.0
31,275.5
29,382.2
36,346.3
37,179.8
42,351.1
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
100,819.6
106,034.6
101,630.6
106,516.7
116,511.7
94,713.6

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
152,842.0
160,929.0
186,002.3
216,434.0
217,519.3
220,944.3
215,566.3
219,594.1
237,557.8
219,213.0
225,450.5
235,586.9
244 643 2
244,643.2
244,167.6
251,869.0
245,675.0
254,634.6
246,550.3
247,707.4
264,067.0
358,141.4
382,789.2
395,566.2
396,381.7
396,934.5
412,125.6
408,577.3
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
491,744.3
546,829.7

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
103,779.5
112,104.5
112,243.0
108,294.5
117,676.1
113,276.9
116,535.1
124,376.3
140,721.4
141,660.1
151,272.1
167,659.3
191 628 5
191,628.5
181,295.0
171,192.8
199,305.8
177,570.3
176,459.5
191,842.9
208,879.1
206,618.2
209,392.6
205,042.7
191,747.9
224,779.5
199,346.9
211,169.3
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
283,959.8
284,582.0
317,934.2
347,981.8
334,556.8
334,748.6

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
740,190.6
812,171.5
827,250.0
847,032.4
858,734.9
860,114.8
892,973.8
932,476.0
972,132.9
1,009,588.5
1,040,143.3
1,081,203.0
1 112 374 9
1,112,374.9
1,112,799.5
1,110,615.1
1140138.8*
1,146,470.7
1,145,392.3
1,191,241.3
1,251,237.3
1,402,747.6
1,449,536.2
1,472,774.8
1,490,910.5
1,539,434.7
1,546,336.6
1,586,079.8
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
2,318,867.6
2,259,975.0
2,377,124.1
2,413,298.3
2,400,603.1
2,447,358.9

1.2
-1.7
-2.9
4.5
8.8
4.2
6.3
5.4
4.8
5.0
12.1
2.6
2.9
-1.8
0.9
1.4
0.2
3.8
4.4
4.3
3.9
3.0
3.9
29
2.9
0.0
-0.2
2.7
0.6
-0.1
4.0
5.0
12.1
3.3
1.6
1.2
3.3
0.4
2.6
-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
3.4
-2.5
5.2
1.5
-0.5
1.9


Monetary survey

in millions of togrogs

End-of-period

Net foreign

()
Domestic

Of which

credit (net)

: Of which:

assets

General

Central

Local

Other financial

Government

Government

Government

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 121
2004 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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
269,113.3
273,072.5
298,850.9
311,005.2
341,477.3
351,432.4
355,953.1
372,190.3
377,715.6
398,458.6
419,683.2
469,307.9
506,890.1
518,417.0
503,056.8
570,198.7
543,759.0
535,932.9
576,426.1
639 396 8
639,396.8
808,617.6
819,508.4
902,601.1
919,807.0
973,853.2
1,030,017.5
1,121,292.6
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
677,148.8
604,217.0
652,473.7
688,960.2
725,935.0
838,212.38

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
550,248.3
587,827.4
614,054.2
647,305.1
621,735.9
630,698.3
656,792.2
680,110.2
697,576.5
722,028.0
709,345.0
726,048.5
737,705.6
732,782.7
764,734.6
2
769,004.6
817,444.6
800,078.1
837,634.7
863 821 1
863,821.1
840,337.1
866,442.9
877,066.2
840,496.6
816,958.7
753,960.4
761,366.8
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
2,115,355.8
2,164,325.2
2,260,160.1
2,234,239.9
2,161,696.5
2,085,710.5

-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
77,945.9
61,165.9
46,391.0
40,506.5
7,437.4
22,412.9
15,718.6
19,772.9
11,792.5
1,353.7
-25,465.9
-26,319.1
-37,364.2
-48,464.1
-59,196.8
-90,847.2
-67,912.6
-104,552.8
-114,042.7
-117
117,964.7
964 7
-162,695.7
-184,466.7
-209,105.3
-263,564.6
-303,950.9
-375,329.2
-420,030.7
-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
-520,195.8
-507,669.1
-425,141.5
-437,486.7
-418,542.8
-449,196.5

82,772.0
67,627.6
53,313.5
45,022.0
14,347.2
29,003.5
21,303.2
26,006.3
17,651.1
6,891.6
-19,261.1
-21,091.8
-32,586.6
-44,013.0
-54,941.2
-87,822.4
-64,056.5
-100,368.7
-110,040.3
-112
112,376.6
376 6
-157,177.8
-178,133.0
-202,716.8
-256,821.6
-297,407.6
-367,225.1
-412,315.6
-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
-510,722.8
-497,365.2
-414,643.3
-427,195.2
-407,837.2
-438,095.9

12 .

The data of December is revised according to reclassification of loans to non-residents

(2005 12 -2006 8- ).
Data are revised, according to the changes in budget fund recording (Dec,2005-Aug,2006).

2
2

-4,826.0
-6,461.7
-6,922.5
-4,515.6
-6,909.8
-6,590.6
-5,584.6
-6,233.4
-5,858.6
-5,537.9
-6,204.8
-5,227.3
-4,777.7
-4,451.1
-4,255.6
-3,024.9
-3,856.2
-4,184.1
-4,002.4
-5
5,588.1
588 1
-5,517.9
-6,333.7
-6,388.5
-6,743.0
-6,543.2
-8,104.1
-7,715.1
-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
-9,473.0
-10,303.9
-10,498.2
-10,291.6
-10,705.6
-11,100.6

123.7
516.6
439.0
455.1
845.9
681.1
491.4
743.9
745.2
1,587.0
1,048.9
1,084.6
807.1
929.7
842.2
498.8
571.8
780.3
946.3
1 142 3
1,142.3
1,301.5
1,221.9
1,550.4
1,733.0
1,517.7
2,505.3
1,485.1
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


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 121
2004 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

Public

Private

sector

sector

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
16,633.2
15,410.9
14,743.8
13,125.7
13,113.5
15,216.1
13,868.3
16,355.5
17,733.7
22,295.2
24,183.8
17,070.6
21,194.9
20,924.7
21,987.4
34,169.2
36,669.8
35,045.4
29,158.7
24 843 7
24,843.7
26,894.4
29,816.4
33,574.6
28,931.0
32,749.0
31,147.0
31,676.9
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

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
279,126.6
315,218.4
334,519.1
365,057.9
358,750.6
354,971.8
376,332.2
385,795.8
397,800.3
418,590.5
431,354.0
436,132.4
442,998.2
443,639.2
471,351.1
489,064.7
496,164.5
508,904.2
544,639.2
561 434 1
561,434.1
563,656.9
590,566.2
618,077.6
612,743.0
607,338.3
606,473.2
639,301.1
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

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
160,402.0
180,962.7
201,874.2
210,931.1
224,693.6
221,895.1
233,706.2
239,204.3
250,603.4
262,786.4
262,860.8
282,906.3
294,561.9
300,194.7
314,154.3
321,606.8
337,689.3
346,969.9
363,811.0
377 175 2
377,175.2
393,537.4
413,244.1
417,405.3
445,154.1
461,241.8
470,830.6
491,852.5
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

16,016.8
14,553.0
16,087.1
17,228.9
16,894.9
15,521.3
16,675.5
18,237.8
18,901.4
15,415.3
15,363.4
15,173.8
15,507.7
15,558.4
15,596.4
14,512.4
14,261.8
12,931.1
13,122.3
17 190 5
17,190.5
17,642.7
16,061.0
15,563.7
15,500.0
18,062.8
18,333.4
17,081.9
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

12 .

The data of December is revised according to reclassification of loans to non-residents

(2005 12 -2006 8- ).
Data are revised, according to the changes in budget fund recording (Dec,2005-Aug,2006).

2
2

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
819,361.5
860,899.9
912,905.1
958,310.2
963,213.3
982,130.7
1,012,745.3
1,052,300.5
1,075,292.1
1,120,486.6
1,129,028.1
1,195,356.4
1,244,595.8
1,251,199.6
1,267,791.4
1,339,203.3
1,361,203.6
1,336,011.0
1,414,060.8
1 503 217 9
1,503,217.9
1,648,954.7
1,685,951.3
1,779,667.3
1,760,303.6
1,790,811.9
1,783,977.9
1,882,659.4
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
2,792,504.6
2,768,542.2
2,912,633.8
2,923,200.0
2,887,631.6
2,923,922.9


Monetary survey

continued

()

End-of-period

Money

Quasi-Money

Government lending loans

Other items (net)

Total liabilities

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 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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
210,799.3
254,807.0
241,994.9
221,327.6
211,272.3
197,122.8
213,357.6
248,012.6
255,501.6
277,664.4
278,810.8
293,241.4
273,522.2
262,138.2
253,099.1
269,124.4
267,579.6
262,113.5
274,375.7
292 829 0
292,829.0
326,227.3
328,612.9
325,022.7
343,056.9
331,262.5
320,034.2
325,026.4
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
660,616.3
559,118.9
576,330.5
537,091.5
541,700.6
575,719.8

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
529,391.3
557,364.5
585,255.1
625,704.9
647,462.6
662,992.0
679,616.2
684,463.4
716,631.3
731,924.1
761,332.4
787,960.4
838,852.7
850,661.3
857,516.1
871,014.4
878,891.2
883,278.8
916,865.6
958 408 2
958,408.2
1,076,520.2
1,120,923.4
1,147,752.1
1,147,853.6
1,208,172.2
1,226,302.4
1,261,053.4
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
1,658,251.3
1,700,856.1
1,800,793.6
1,876,206.8
1,858,902.5
1,871,639.0

17,420.2
18,882.1
18,824.5
18,171.5
18,198.1
17,865.2
15,046.8
15,354.9
16,372.8
15,272.5
17,392.5
17,272.7
16,929.6
17,843.5
17,813.9
17 425 7
17,425.7
17,601.8
17,577.6
16,523.9
16,656.6
16,557.5
18,078.2
18,006.6
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

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
79,170.9
48,728.4
85,655.1
111,277.8
87,058.2
103,133.7
100,946.9
101,653.0
84,961.2
93,032.9
73,838.1
98,799.7
115,848.1
123,127.7
139,783.8
181,791.8
197,803.3
172,775.2
205,005.6
234 554 9
234,554.9
228,605.4
218,837.4
290,368.6
252,736.5
234,819.7
219,563.1
278,573.0
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
455,514.5
490,071.7
516,051.6
489,452.3
468,252.7
456,797.0

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
819,361.5
860,899.9
912,905.1
958,310.2
963,213.3
982,130.7
1,012,745.3
1,052,300.5
1,075,292.1
1,120,486.6
1,129,028.1
1,195,356.4
1,244,595.8
1,251,199.6
1,267,791.4
1,339,203.3
1,361,203.6
1,336,011.0
1,414,060.8
1 503 217 9
1,503,217.9
1,648,954.7
1,685,951.3
1,779,667.3
1,760,303.6
1,790,811.9
1,783,977.9
1,882,659.4
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
2,792,504.6
2,768,542.2
2,912,633.8
2,923,200.0
2,887,631.6
2,923,922.9


Balance sheet of Monetary Authorities

(for Monetary Survey)

in millions of togrogs

End-of-period

Foreign Assets

Claims on

Total assets

General
Government

Public sector

Private sector

Non-Bank
financial

Banks

institutions

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
12
12
12
12**
2004 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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
230,559.6
236,279.2
241,630.1
252,331.8
274,155.7
259,208.8
273,014.1
271,850.8
274,811.7
301,192.5
315,128.6
336,102.1
359,054.4
376,644.2
388,933.1
414,620.6
404,858.3
416,189.5
454,519.5
455 804 0
455,804.0
509,056.7
509,010.7
559,757.1
584,157.7
647,221.8
716,441.0
812,912.5
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

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
121,000.0
119,000.0
119,000.0
105,300.0
105,300.0
105,300.0
103,647.9
103,300.1
103,387.0
103,734.8
103,734.8
104,778.3
105,647.8
106,169.5
106,778.2
99,372.9
94,063.7
92,749.8
90,740.2
92 131 5
92,131.5
90,817.5
90,585.6
73,217.8
73,193.6
70,507.2
70,441.5
44,928.0
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

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
00
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

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
00
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
19,488.2
16,142.7
21,569.3
22,331.5
21,550.2
22,153.3
22,001.5
21,304.3
20,963.9
18,963.6
16,931.6
17,893.4
18,291.5
18,314.8
18,465.4
17,743.8
17,989.8
17,759.1
17,797.5
17 952 7
17,952.7
18,041.7
17,808.6
16,095.4
16,668.6
17,537.4
15,821.8
17,554.9
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

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
371,047.8
371,421.9
382,199.4
379,963.3
401,005.9
386,662.1
398,663.5
396,455.2
399,162.7
423,890.9
435,795.0
458,773.8
482,993.7
501,128.6
514,176.6
531,737.3
516,911.8
526,698.3
563,057.2
565 888 2
565,888.2
617,915.9
617,404.9
649,070.4
674,019.9
735,266.4
802,704.3
875,395.4
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


Balance sheet of Monetary Authorities

(for Monetary Survey)

continued

End-of-period

Monetary base

Of which

Currency outside
banks

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
12
12
12
12**
2004 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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
228,937.0
245,126.3
255,429.8
234,905.4
249,972.8
243,872.8
253,101.5
275,444.8
283,778.3
295,601.4
298,432.8
334,590.2
297,031.1
314,759.7
297,686.4
281,236.3
312,294.8
297,014.6
302,590.9
343 374 5
343,374.5
363,188.2
370,521.2
363,378.0
369,529.4
371,227.4
373,532.6
356,561.6
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

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
139,685.0
170,277.4
162,957.8
143,512.7
136,350.3
116,337.8
132,713.9
163,705.9
165,675.3
176,766.3
180,724.5
189,332.4
174,414.6
162,050.3
152,999.4
152,369.5
154,087.5
129,867.0
144,808.9
174 323 4
174,323.4
195,125.4
198,178.9
192,574.2
204,296.5
189,347.4
180,658.8
180,495.5
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

Bank's cash

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
21,540.2
19,898.5
20,062.4
25,008.4
28,797.4
32,493.5
27,083.3
26,641.1
30,003.5
27,068.9
30,273.8
29,823.9
32,209.1
38,126.0
32,843.9
39,318.8
45,037.9
38,967.2
41,702.2
41 787 2
41,787.2
43,753.0
43,134.4
52,676.7
48,598.8
50,129.8
56,966.8
52,736.8
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

Time Savings &

Banks' deposits

Private sector
deposits

Public sector
deposits

Foreign currency
deposits

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
67,711.9
54,950.4
72,409.6
66,384.3
84,825.1
95,041.6
93,304.4
85,097.8
88,099.5
91,766.2
87,434.5
115,433.9
90,407.4
114,583.4
111,843.0
89,548.0
113,169.4
128,180.4
116,079.8
127 263 9
127,263.9
124,309.8
129,208.0
118,127.1
116,634.2
131,750.2
135,907.0
123,329.3
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

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

()
Central Bank bills

Foreign liabilities

Long-term

General

foreign liabilities

Government

(net)

()

Total liabilities

Capital accounts

Other items (net)

Government lending loans

deposits

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
12
12
12
12**
2004 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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
60,450.0
72,860.0
45,880.0
69,247.1 1
49,799.8
63,228.1
69,597.8
68,360.2
68,759.3
81,760.4
77,256.3
71,629.8
83,718.9
65,278.7
92,532.9
125,713.2
86,618.9
89,720.7
109,501.1
64 459 8
64,459.8
54,297.9
69,101.3
64,927.3
65,336.2
83,635.9
87,701.2
65,091.9
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

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
54,202.6
53,067.1
52,306.2
53,431.7
52,383.0
50,630.1
49,225.3
49,192.4
48,357.2
46,765.1
45,171.0
43,866.6
44,157.3
44,453.3
43,725.9
42,901.8
42,428.2
39,249.1
38,458.5
39 688 9
39,688.9
39,907.6
38,228.8
37,419.9
36,523.0
36,375.7
36,224.2
36,842.8
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

- 2004 12- .

Since December 2004 CBB bills data are shown at market price.

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

3,031.1
3,054.3
3,022.0
3,044.2
3,067.1
3,089.3
3,112.9
3,136.9
3,105.7
3,130.8
3,155.4
3,181.0
5,284.0
5,274.5
5,194.4
5 221 9
5,221.9
5,209.4
5,046.3
5,046.1
5,099.9
5,074.5
5,069.8
5,049.8
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

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
72,903.1
71,955.0
73,226.3
53,025.8
87,749.9
71,429.9
68,595.2
56,346.9
58,115.2
63,119.5
87,669.1
86,063.3
105,183.7
114,539.3
119,808.0
90,298.2
92,421.2
126,780.0
132,425.2
136 295 5
136,295.5
178,695.3
200,706.3
204,046.5
261,148.2
297,280.1
364,576.9
386,255.6
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

17,420.2
18,882.1
18,824.5
18,171.5
18,198.1
17,865.2
15,046.8
15,354.9
16,372.8
15,272.5
17,392.5
17,272.7
16,929.6
17,843.5
17,813.9
17 425 7
17,425.7
17,601.8
17,577.6
16,523.9
16,656.6
16,557.5
18,078.2
18,006.6
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

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
37,743.4
30,553.6
33,991.1
32,033.9
29,666.5
28,613.2
22,436.6
22,210.7
18,919.1
20,591.9
19,510.1
25,458.2
39,399.9
37,768.3
40,294.8
45,930.7
43,570.7
17,813.9
27,547.4
44 337 5
44,337.5
43,946.2
26,550.1
38,878.4
35,916.9
25,001.7
24,563.0
36,630.7
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

-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
-83,188.3
-102,140.1
-78,634.0
-62,680.6
-89,017.6
-93,048.4
-86,139.3
-96,315.4
-100,031.7
-104,901.9
-110,404.1
-121,326.1
-105,975.8
-94,073.9
-100,419.3
-74,796.5
-82,635.7
-66,998.0
-70,474.3
-84
84,915.6
915 6
-84,930.5
-110,326.6
-81,149.7
-116,190.3
-99,886.4
-107,041.6
-29,043.7
-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

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
371,047.8
371,421.9
382,199.4
379,963.3
401,005.9
386,662.1
398,663.5
396,455.2
399,162.7
423,890.9
435,795.0
458,773.8
482,993.7
501,128.6
514,176.6
531,737.3
516,911.8
526,698.3
563,057.2
565 888 2
565,888.2
617,915.9
617,404.9
649,070.4
674,019.9
735,266.4
802,704.3
875,395.4
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
1,166,903.9
1,223,497.2
1,156,354.1
1,082,737.4
974,754.2
936,586.1
1,097,353.0
1,029,163.7
1,107,666.9
1,112,431.7
1,294,546.7
1,272,996.7

10


Balance sheet of Other depository corporations

(for Monetary Survey)

in millions of togrogs

End-of-period

Claims on

Reserves

Central Bank
bills

Foreign
assets

: Of which:

General
Government

Central
Government

Local
Government

Other
financial

corporations

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
12
12
12
12**
2004 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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
81,517.0
69,828.4
83,247.8
88,486.5
109,580.8
127,365.8
115,997.7
107,445.6
108,338.9
116,052.7
113,146.0
137,470.8
117,772.2
145,942.4
138,555.1
126,032.7
149,314.0
167,315.3
155,180.0
161 050 4
161,050.4
157,058.4
159,021.2
159,766.4
154,321.0
169,290.2
179,812.4
159,419.8
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

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
60,450.0
72,860.0
45,880.0
69255.6 1
49,794.6
63,488.2
69,543.6
67,686.1
68,098.4
81,198.4
76,793.8
71,155.2
83,275.1
65,278.7
92,278.3
125,677.9
86,745.2
89,809.3
109,401.6
64 424 2
64,424.2
54,157.2
69,024.8
65,101.1
65,385.6
83,761.8
87,985.0
65,342.3
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

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
149,223.4
147,726.0
172,360.7
165,806.3
176,745.5
198,263.1
190,058.6
205,420.0
206,212.7
194,503.3
201,231.2
228,349.8
246,665.8
240,283.9
214,322.3
256,492.7
241,336.0
214,439.0
219,522.6
290 130 1
290,130.1
407,955.6
411,050.3
446,350.3
438,317.6
433,948.6
421,100.5
418,528.9
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

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
51,125.4
43,072.9
27,841.3
31,225.8
27,420.0
31,224.2
26,777.5
21,033.4
15,347.2
11,519.9
10,035.2
9,286.3
8,644.9
7,556.3
7,916.5
3,167.1
2,560.4
1,633.7
5,025.5
4 812 9
4,812.9
4,839.1
4,886.8
5,736.7
6,631.7
6,580.1
7,272.7
9,508.6
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

51,125.4
43,072.9
27,841.3
31,225.8
27,420.0
31,224.2
26,777.5
21,033.4
15,347.2
11,519.9
10,035.2
9,286.3
8,644.9
7,556.3
7,916.5
3,167.1
2,560.4
1,633.7
5,025.5
4 812 9
4,812.9
4,839.1
4,886.8
5,736.7
6,631.7
6,580.1
7,272.7
9,508.6
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

123.7
516.6
439.0
455.1
845.9
681.1
491.4
743.9
745.2
1,587.0
1,048.9
1,084.6
807.1
929.7
842.2
498.8
571.8
780.3
946.3
1 142 3
1,142.3
1,301.5
1,221.9
1,550.4
1,733.0
1,517.7
2,505.3
1,485.1
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

11


Balance sheet of Other depository corporations

(for Monetary Survey)

continued

End-of-period

Total assets

Public
sector

Private
sector

Individuals

Other

Unclassified
loans

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
12
12
12
12**
2004 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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
16,633.2
15,410.9
14,743.8
13,125.7
13,113.5
15,216.1
13,868.3
16,355.5
17,733.7
22,295.2
24,183.8
17,070.6
21,194.9
20,924.7
21,987.4
34,169.2
36,669.8
35,045.4
29,158.7
24 843 7
24,843.7
26,894.4
29,816.4
33,574.6
28,931.0
32,749.0
31,147.0
31,676.9
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

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
279,126.6
315,218.4
334,519.1
365,057.9
358,750.6
354,971.8
376,332.2
385,795.8
397,800.3
418,590.5
431,354.0
436,132.4
442,998.2
443,639.2
471,351.1
489,064.7
496,164.5
508,904.2
544,639.2
561 434 1
561,434.1
563,656.9
590,566.2
618,077.6
612,743.0
607,338.3
606,473.2
639,301.1
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

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
160,402.0
180,962.7
201,874.2
210,931.1
224,693.6
221,895.1
233,706.2
239,204.3
250,603.4
262,786.4
262,860.8
282,906.3
294,561.9
300,194.7
314,154.3
321,606.8
337,689.3
346,969.9
363,811.0
377 175 2
377,175.2
393,537.4
413,244.1
417,405.3
445,154.1
461,241.8
470,830.6
491,852.5
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

16,016.8
14,553.0
16,087.1
17,228.9
16,894.9
15,521.3
16,675.5
18,237.8
18,901.4
15,415.3
15,363.4
15,173.8
15,507.7
15,558.4
15,596.4
14,512.4
14,261.8
12,931.1
13,122.3
17 190 5
17,190.5
17,642.7
16,061.0
15,563.7
15,500.0
18,062.8
18,333.4
17,081.9
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

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
814,618.2
860,148.7
896,993.0
892,317.2
977,839.4
1,028,626.6
1,043,451.0
1,061,922.4
1,083,781.2
1,123,948.5
1,136,017.1
1,198,629.6
1,231,427.8
1,240,308.0
1,277,003.6
1,371,222.2
1,365,312.9
1,377,828.2
1,440,807.1
1 502 203 4
1,502,203.4
1,627,043.1
1,694,892.7
1,763,126.2
1,768,717.0
1,814,490.3
1,825,460.2
1,834,197.1
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

12


Balance sheet of Other depository corporations

(for Monetary Survey)

continued

End-of-period

()
Demand

Time savings

Foreign

Long-term

General

deposits

deposits, and foreign

currency

liabilities

foreign
liabilities

Government
deposits

demand deposits

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
12
12
12
12**
2004 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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
71,114.3
84,529.6
79,037.1
77,814.9
74,922.0
80,785.0
80,643.7
84,306.7
89,826.3
100,898.0
98,086.3
103,909.0
99,107.6
100,087.9
100,099.7
116,754.9
113,492.1
132,246.5
129,566.8
118 505 6
118,505.6
131,102.0
130,434.0
132,448.5
138,760.5
141,915.1
139,375.3
144,530.8
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
331,892.3
280,782.9
270,666.4
264,490.8
254,040.1
267,709.1

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
529,391.3
557,364.5
585,255.1
625,704.9
647,462.6
662,992.0
679,616.2
684,463.4
716,631.3
731,924.1
761,332.4
787,960.4
838,852.7
850,661.3
857,516.1
871,014.4
878,891.2
883,278.8
916,865.6
958 408 2
958,408.2
1,076,520.2
1,120,923.4
1,147,752.1
1,147,853.6
1,208,172.2
1,226,302.4
1,261,053.4
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
1,658,251.3
1,700,856.1
1,800,793.6
1,876,206.8
1,858,902.5
1,871,639.0

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
43,242.1
38,873.3
40,966.6
44,827.4
45,400.8
44,422.9
45,331.0
45,285.4
44,845.9
40,849.5
41,379.1
40,964.8
44,379.8
43,989.9
46,639.8
43,775.8
44,398.2
44,895.2
49,049.1
56 577 0
56,577.0
57,982.6
52,820.4
56,617.0
56,300.3
60,503.8
59,881.5
60,365.5
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

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
13,225.1
18,992.2
21,867.2
8,873.8
8,608.8
7,932.2
9,541.4
7,558.4
7,038.6
6,533.2
7,013.6
7,175.7
7,187.1
6,937.1
6,677.5
11,056.1
10,324.8
5,276.6
4,913.9
5 049 6
5,049.6
5,295.1
4,457.2
4,423.4
4,745.2
5,363.1
6,348.5
7,890.8
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
14,912.1
15,253.6
16,186.2
15,351.2
14,974.6
16,890.1

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
21,276.4
28,951.9
27,224.0
42,993.6
37,532.6
42,681.3
46,111.6
48,213.7
48,826.5
50,781.5
51,566.9
54,320.4
46,473.2
47,650.7
54,083.5
103,089.0
72,115.5
72,156.3
77,383.2
78 613 6
78,613.6
79,657.0
79,232.8
84,013.3
82,241.7
83,758.2
88,466.5
88,211.6
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
314,254.0
288,156.3
302,307.1
308,355.4
299,762.3
342,132.5

13


Balance sheet of Other depository corporations

(for Monetary Survey)

continued

End-of-period

1991 12
1992 12
1993 12
1994 12
1995 09
1995 12
1996 12
1997 12
1998 12
1999 12
12
12
12
12**
2004 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

:
-

Of which
Central
Government

Local
Government

deposits

deposits

16,450.4
22,490.2
20,301.5
38,478.0
30,622.9
36,090.8
40,527.0
41,980.3
42,967.9
45,243.6
45,362.0
49,093.1
41,695.6
43,199.6
49,827.9
100,064.2
68,259.4
67,972.3
73,380.8
73 025 4
73,025.4
74,139.1
72,899.1
77,624.8
75,498.7
77,214.9
80,362.4
80,496.6
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
304,781.0
277,852.4
291,809.0
298,063.9
289,056.7
331,031.9

4,826.0
6,461.7
6,922.5
4,515.6
6,909.8
6,590.6
5,584.6
6,233.4
5,858.6
5,537.9
6,204.8
5,227.3
4,777.7
4,451.1
4,255.6
3,024.9
3,856.2
4,184.1
4,002.4
5 588 1
5,588.1
5,517.9
6,333.7
6,388.5
6,743.0
6,543.2
8,104.1
7,715.1
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
9,473.0
10,303.9
10,498.2
10,291.6
10,705.6
11,100.6

()

Total liabilities

Credits from

Capital

Other items

Central bank

accounts

(net)

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
18,289.1
16,192.4
17,264.0
23,838.2
24,530.0
25,565.5
20,041.2
21,681.8
21,306.2
19,329.5
17,372.0
18,160.3
18,377.8
18,443.4
18,603.7
18,149.8
18,433.1
18,297.8
18,336.5
18 914 1
18,914.1
18,579.2
19,050.8
17,310.1
17,808.7
18,570.0
16,929.4
18,546.9
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

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
138,015.6
141,026.8
146,739.3
167,101.1
169,996.3
168,281.7
170,958.3
175,454.7
176,843.3
179,449.0
182,628.4
187,728.9
190,708.6
194,422.9
200,994.1
207,075.7
209,390.5
212,597.1
226,021.1
236 114 0
236,114.0
240,426.2
242,355.0
248,925.5
254,987.8
264,231.3
270,288.1
275,244.4
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

-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
-19,935.7
-25,782.1
-21,360.2
-98,836.5
-30,613.9
-4,034.0
-8,792.4
-5,041.7
-21,536.9
-5,816.3
-23,361.6
-1,589.9
-13,659.1
-21,885.1
-7,610.7
306.4
18,267.4
9,079.8
18,670.9
30 021 2
30,021.2
17,480.8
45,619.1
71,636.3
66,019.5
31,976.7
17,868.4
-21,646.5
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
62,409.0
46,201.3
38,877.6
2,421.6
-367.9
32,416.0

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
814,618.2
860,148.7
896,993.0
892,317.2
977,839.4
1,028,626.6
1,043,451.0
1,061,922.4
1,083,781.2
1,123,948.5
1,136,017.1
1,198,629.6
1,231,427.8
1,240,308.0
1,277,003.6
1,371,222.2
1,365,312.9
1,377,828.2
1,440,807.1
1 502 203 4
1,502,203.4
1,627,043.1
1,694,892.7
1,763,126.2
1,768,717.0
1,814,490.3
1,825,460.2
1,834,197.1
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

14


Consumer price index

in percent

End-of-period

Food items

Of which
,

Wheat produc Meat 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
12 2

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 01
02
2003 03

50.7
49.9
51.3
52.5
54.9

13.3
12.2
12.0
11.7
11.7

04
05
06
07
08
09
10
11
2003 12
2004 01
02
2004 03
04
05
06
07
08
09
10
11
12
2005 03
2005 12
2006 01
02
03

57.8
61.3
59.0
57.7
52.2
50.8
50.7
52.0
53.8
56.1
56 1
58.7
59.8
61.8
63.4
63.5
65.1
63.1
61.5
59.7
60.2
61.9
69.0
71.5
72.8
74.6
74.0

11.8
11.9
11.9
12.6
12.5
13.0
14.5
14.3
14.2
14.4
14 4
14.8
15.0
15.5
15.5
15.6
16.0
16.4
16.4
16.3
16.2
16.1
16.1
15.8
15.8
15.8
15.8

3
End-of-period
,

Food &
non-alcoholic
beverages

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

Of which

Of which
,
Foodstuffs

42.21 40.64
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

100.0

, , ,
,

Milk and dairy Sugar, candy, Potatoes and

products
tea, fruits
vegetables

Clothes,
shoes

Other food ite 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
15.9
5.5
17.3
5.6
19.5
5.6

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

22.3
26.4
25.3
23.4
18.9
17.8
16.0
16.7
18.3
19.6
19 6
21.5
22.2
23.6
25.4
26.4
27.0
24.5
23.6
21.5
21.8
22.6
28.0
29.9
31.0
32.5
31.6

Bread, flour, Meat and meat

cereals
products

11.44
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

14.44
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

5.6
5.0
4.1
3.9
3.6
3.9
4.3
5.1
5.3
5.4
54
5.5
5.5
5.5
4.9
4.0
3.6
3.7
4.1
4.7
5.0
5.2
5.5
5.8
6.0
5.9
6.0

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
4.7
4.7
4.7

4.3
4.8
5.3
5.5
5.7

3.6
3.6
3.6
3.6
3.6

4.3
4.3
4.3
4.2
4.2

14.1
14.9
14.9
15.1
14.2

4.6
4.7
5.0
5.0
4.7
4.5
4.6
4.8
4.8
5.0
50
5.0
5.1
5.1
5.2
5.1
5.1
5.2
5.0
5.0
5.0
5.1
5.1
5.5
5.6
5.8
5.9

5.7
5.4
5.0
5.1
4.8
3.9
3.5
3.3
3.5
3.8
38
4.0
4.0
4.1
4.3
4.3
5.1
5.0
4.1
3.7
3.9
4.3
5.2
5.2
5.5
5.7
5.6

3.6
3.7
3.6
3.6
3.6
3.6
3.7
3.7
3.7
3.7
37
3.7
3.8
3.8
3.8
3.8
3.9
3.9
3.9
3.9
4.0
4.0
4.4
4.5
4.3
4.3
4.3

4.2
4.2
4.2
4.2
4.1
4.1
4.1
4.2
4.2
4.2
42
4.2
4.2
4.3
4.3
4.3
4.4
4.4
4.4
4.4
4.4
4.4
4.7
4.7
4.6
4.7
4.8

14.0
13.8
13.7
13.7
14.0
14.1
14.6
14.9
14.9
14.7
14 7
14.4
14.4
14.2
14.1
14.0
14.1
14.2
14.4
14.7
15.0
15.0
14.7
14.9
14.9
14.9
14.9

,
,
, ,

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

2005.12=100
3.92
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

2.05
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

Alcoholic

,
beverages,
tobacco
Oils & fats
Non-alcoholic
beverages

4.28
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

2.35
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

1.57
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

2.94
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

,
,

Clothing,
footwear
and cloths

10.14
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

: ,
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

16


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
12 2
2001 12
2002 12
2003 01
02
03

100.0

2
2

Children's
clothing

Shoes

Household
items

Medicine

Transport &
communication

100.0

100.0

100.0

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
17.2
16.8
16.7

3.3
3.4
3.3
3.3
3.3

1.4
1.5
1.5
1.5
1.6

10.2
10.5
10.5
10.5
10.5

16.7
16.7
16.7
16.6
16.6
17.8
18.4
18.1
17.7
17.4
17 4
17.3
17.3
16.9
16.5
16.6
16.5
17.3
17.6
19.0
19.0
18.4
19.0
19.5
19.2
20.2
19.8

3.3
3.2
3.2
3.2
3.3
3.3
3.3
3.2
3.3
3.2
32
3.2
3.3
3.3
3.3
3.3
3.3
3.4
3.4
3.4
3.4
3.4
3.5
3.6
3.6
3.6
3.6

1.6
1.6
1.6
1.6
1.6
1.6
1.6
1.6
1.6
1.6
16
1.6
1.6
1.6
1.6
1.6
1.6
1.7
1.7
1.7
1.7
1.7
1.7
1.8
1.8
1.9
1.9

10.4
10.4
10.4
10.5
10.6
10.7
10.8
10.8
10.8
10.7
10 7
10.8
10.8
10.7
10.8
10.8
11.1
12.1
12.6
13.0
13.2
13.1
13.4
13.9
14.0
14.0
14.1

6.26
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

3.8
3.8
3.7
3.8
3.7
3.9
3.9
4.0
4.0
4.0
40
3.9
4.0
3.8
3.9
3.8
3.8
3.8
4.1
4.2
4.2
4.3
4.1
4.1
4.1
4.1
4.1

100.0

100.0

0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
03
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.4
0.4
0.4
0.4
0.4

100.0

,
,

Utilities

115.5
245.8
1,068.3
1,595.7
1,644.4

Clothing,
cloth

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

100.0

Of which
,

End-ofperiod

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
4.9
0.6
5.2
0.3
4.0
4.9
0.6
5.2
0.3
3.9
4.5
0.6
4.9

04
05
06
07
08
09
10
11
12
2004 01
02
03
04
05
06
07
08
09
10
11
12
03
12
2006 01
02
03

100.0

Women's
clothing

4.5
4.4
4.4
4.4
4.6
4.6
4.7
4.7
4.7
4.6
46
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.6
4.6
4.6
4.6
4.8
4.8
4.7
4.7

0.6
0.6
0.6
0.6
0.6
0.6
0.7
0.7
0.7
0.7
07
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.7
0.7
0.7
0.7
0.7
0.7
0.7

4.8
4.7
4.6
4.6
4.8
4.7
5.0
5.1
5.1
5.1
51
5.0
5.0
4.9
4.9
4.9
4.9
4.9
4.9
4.9
5.0
5.0
5.0
5.0
5.0
5.0
5.0

Of which

Men's
clothing

Women's
clothing

Children's
clothing

2005.12=100
2.72
2.62
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

0.33
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

,
, ,

Housing,
water,
Footwear electricity,
and fuels

3.88
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

10.51
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

Of which
,

.
Water supply
& miscellaneous
services

3.32
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

,


Electricity,
gas and
other
fuels

, ,

Furnishings,
household
equipment
& tools

Medical care &

services

Transport

6.09
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

3.31
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

1.79
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

9.53
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

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.

17

18


Consumer price index

continued

End-of-period

Articles for
Cultural needs

Other goods
& services

General CPI

Monthly
changes

Changes
from the
beginning
of year

Annual
changes

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
12 2

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
2003 01
02
2003 03

7.3
7.6
7.6
7.5
7.5

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
4.0
4.1
4.3

107.9
109.8
110.3
111.4
113.0

2.1
1.6
0.5
1.0
1.5

04
05
06
07
08
09
10
11
12
2004 01
02
2004 03
04
05
06
07
08
09
10
11
12
2005 03
12
2006 01
02
03

7.9
7.9
7.8
7.8
8.4
8.4
8.5
8.5
8.4
8.4
84
8.4
8.4
8.4
8.4
8.4
8.6
9.0
9.0
9.0
9.0
9.0
9.0
9.6
9.6
9.6
9.7

4.3
4.3
4.3
4.3
4.3
4.4
4.4
4.5
4.5
4.5
45
4.5
4.5
4.6
4.5
4.7
4.7
4.8
4.8
4.8
4.8
4.8
4.9
5.0
5.0
5.0
5.1

116.0
119.2
116.7
115.5
111.0
111.1
112.3
113.6
114.9
116.6
116 6
119.0
120.1
121.5
122.7
123.0
125.1
125.5
125.0
125.3
126.3
127.4
135.1
139.6
140.8
143.8
143.0

2.6
2.7
-2.0
-1.1
-3.9
0.1
1.0
1.2
1.1
1.5
15
2.0
0.9
1.2
1.0
0.3
1.7
0.4
-0.4
0.2
0.8
0.9
0.5
1.2
0.8
2.1
-0.4

. .
12
Moving
average of
monthly
inflation

Core inflation 4
Monthly Changes
changes from the
beginning
of year

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
0.5
1.5
3.0

8.0
1.6
1.7
1.9
4.9

0.7
0.1
0.1
0.2
0.4

0.5
-1.2
-0.6
-1.0

5.7
8.5
6.3
5.2
1.1
1.2
2.3
3.5
4.7
1.5
15
3.6
4.5
5.8
6.8
7.0
8.9
9.3
8.9
9.1
10.0
11.0
6.0
9.5
0.8
2.9
2.5

6.4
8.2
6.6
6.5
4.5
5.4
5.6
5.2
4.7
5.7
57
6.8
6.2
4.7
2.9
5.3
8.3
13.0
12.6
11.7
11.2
11.0
12.6
9.5
8.1
6.8
5.8

0.5
0.7
0.5
0.5
0.4
0.5
0.5
0.4
0.4
0.5
05
0.8
0.8
0.7
0.5
0.7
0.9
1.3
1.3
1.2
1.2
1.2
1.0
0.8
0.7
0.6
0.5

0.2
-0.2
0.2
0.8
0.8
2.2
3.4
0.0
-0.7
-00.11
0.3
0.4
0.0
-0.3
0.1
1.2
3.3
1.1
2.2
0.4
-0.5
0.4
-0.5
-0.3
1.4
0.2

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

1.32
3.54
-0.33
1.02
1.22

4

3
Of which
End-of period

,
Operation of personal transport
equipment
3

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

2.23
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

Transport
services

4.80
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

,
,

Communi- Recreation &

cation
culture

Education

3.13
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

3.70
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

5.44
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

Restraurants
hotels

2.70
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

Miscellaneous
goods
& services

General CPI

2005.12=100
4.58
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

100.0
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

Monthly
changes

Changes
from the
beginning
of the year

Annual
changes

. .
12

%
Moving
average of
monthly
inflation

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

1.1

15.1

15.1

1.2

0.1

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

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

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

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

-0.2
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
1.4
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

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

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

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

32.6
32.0
34.2
32.2
27.9
24.2
22.1
20.7
18.2
16.3
12.5
8.0

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.

19

Core inflation is estimated after excluding the most price volatile 29 items, such as meat, milk, diary, and vegetables, from consumer basket.

20


National consumer price index

in percent

End-of-period
,

Food &
non-alcoholic

,
,

,
, ,

Alcoholic
beverages,
tobacco

Clothing,
footwear
and cloths

Housing,
water,
electricity,

beverages
2005.12

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

and fuels

, ,

Furnishings,
household

Medical care & Transports

services

Communi- Recreation &

cation
culture

Education

Restraurants
hotels

equipment
& tools

Miscellaneous
goods

General CPI

Monthly
changes

& services

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

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

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

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

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

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

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

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

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

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

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

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

: ,
Source: Monthly Statistical Bulletin, NSC
2000 12 - 205 239 .

2
2

,
,

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.

Changes
from the

Annual
changes

beginning
of the year

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

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

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

32.0
34.2
32.2
27.9
24.2
22.1
20.7
18.2
16.3
12.5
8.0

 ,

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 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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
472,302.3
526,661.5
567,663.2
606,798.6
614,298.5
608,285.3
641,073.6
660,337.3
685,784.0
720,674.3
734,810.9
752,367.5
775,069.9
781,246.8
823,931.4
859,851.8
885,357.3
904,630.8
951,677.4
981,785.8
1,003,032.8
1,050,909.6
1,086,171.5
1,104,061.2
1,120,909.5
1,129,289.6
1,181,397.5
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

-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
6.9
1.3
1.3
2.5
1.2
-1.0
5.4
3.0
3.9
5.1
2.0
2.4
3.0
0.8
5.5
4.4
3.0
2.2
5.2
3.2
2.2
4.8
3.4
1.6
1.5
0.7
4.6
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

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
434,229.1
482,353.0
510,670.4
546,063.4
554,427.3
537,567.5
574,469.8
592,629.8
615,069.7
651,508.9
663,872.3
678,200.6
700,024.5
704,140.8
744,482.2
789,451.2
809,066.6
827,582.2
870,855.5
900,221.1
921,291.2
965,401.6
992,442.1
1,006,727.6
1,018,515.1
1,033,352.6
1,083,672.2
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

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
15,495.6
14,293.9
13,019.3
12,560.1
12,522.0
13,494.8
13,504.8
15,988.8
17,321.2
22,284.6
24,115.7
17,057.9
21,182.2
20,879.3
21,943.5
34,112.2
36,508.2
34,894.5
29,013.1
24,802.0
26,857.6
29,779.7
33,548.6
28,898.0
32,637.1
31,040.1
31,570.0
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

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
248,371.0
283,544.1
295,053.1
320,077.8
315,833.2
304,208.4
327,548.5
336,802.4
346,070.7
367,278.1
379,166.2
380,703.4
386,271.8
386,475.2
411,619.0
437,639.1
440,732.7
452,769.6
486,292.1
503,809.4
504,561.2
531,179.1
550,014.7
541,929.9
532,119.3
537,891.6
570,124.3
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

154,476.1
169,725.8
186,351.1
196,020.3
209,110.2
204,847.8
217,424.9
222,098.0
233,337.2
246,252.9
245,630.6
265,403.7
277,478.5
282,394.8
296,585.6
304,817.1
319,240.3
328,314.2
344,896.9
356,745.6
372,227.2
390,676.7
395,571.9
422,471.3
437,697.2
447,421.5
467,058.4
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

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
15,768.3
14,277.1
15,811.0
16,950.6
16,116.6
14,335.9
15,501.9
16,998.2
17,597.0
14,106.8
13,911.4
13,951.6
14,285.3
13,462.2
13,492.5
12,384.4
12,016.0
10,824.2
9,707.6
13,722.3
16,344.2
12,544.7
12,061.8
12,000.4
14,544.4
14,494.8
13,435.0
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

118.1
512.2
435.8
454.6
845.4
680.6
489.7
742.2
743.5
1,586.5
1,048.5
1,084.1
806.6
929.3
841.7
498.3
569.5
779.8
945.8
1,141.8
1,301.0
1,221.4
1,245.1
1,428.0
1,517.2
2,504.6
1,484.5
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

19

 ,

Loans outstanding

continued

End-of-period
:

Principal in arrearsOf 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 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
12
2007 01
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

8,057.8
4,553.9
6,051.9
2,925.7
1,281.8
1,798.3
4,819.4
15,549.7
14,722.7
13,404.9
21,186.6
21,617.1
21,832.9
29,881.5
26,245.7
26,922.0
25,192.9
22,533.4
23,256.8
24,532.8
22,390.9
21,745.7
24,185.9
20,929.6
25,302.6
25,208.9
26,436.2
26,126.2
25,398.0
25,156.6
25,749.2
29,928.2
34,868.4
29,855.5
31,456.1
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

878.6
726.4
1,335.8
209.3
235.1
1,364.9
12.0
15.0
62.4
0.0
26.1
2.0
2.0
34.7
32.8
45.8
128.1
117.5
112.1
14.0
9.0
0.0
0.0
7.0
5.0
0.0
0.0
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

11,199.2
9,057.6
13,804.5
16,685.0
15,099.7
21,302.1
19,619.7
19,870.7
18,385.2
16,023.1
16,392.4
18,670.6
16,710.3
15,013.6
17,648.9
15,124.4
18,302.9
19,174.1
18,956.6
18,027.7
19,209.2
16,500.7
18,477.1
22,431.5
27,122.3
22,181.6
23,005.6
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

2,623.6
3,593.2
6,023.2
4,709.3
6,031.8
6,339.1
5,754.7
6,168.9
5,721.8
5,483.3
5,665.4
4,903.8
4,723.5
4,869.3
4,669.5
3,899.4
4,897.5
4,075.4
4,683.7
5,356.7
5,118.6
5,974.5
6,955.0
7,172.2
7,714.4
7,648.0
8,450.1
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

19.2
27.1
23.1
13.6
466.3
875.4
858.1
866.2
1,023.5
1,026.9
1,173.0
956.4
955.1
1,828.1
1,834.8
1,859.9
1,972.4
1,842.0
2,683.8
2,727.8
1,061.3
2,681.4
12.3
12.9
26.7
25.9
0.5
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

2.1
0.6

1.2
1.2

1.8

304.9
304.6

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

24,890.1
9,903.8
26,587.0
39,181.0
14,613.8
9,067.6
11,744.9
21,150.3
23,350.5
30,903.6
35,806.2
39,118.0
38,038.2
40,836.4
40,358.1
40,785.5
45,521.5
46,632.0
47,681.8
49,634.1
52,654.5
55,360.2
55,263.2
49,471.0
50,988.0
51,839.7
54,385.6
55,438.5
56,343.6
60,351.3
67,980.2
67,405.4
67,526.0
66,081.4
66,269.2
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

259.0
390.6
388.6
356.4
356.4
356.4
351.6
351.6
350.1
10.6
42.0
10.7
10.7
10.7
11.1
11.1
33.6
33.4
33.4
27.7
27.7
36.7
25.9
25.9
106.9
106.9
106.9
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

19,556.4
22,616.7
25,661.5
28,295.0
27,817.8
29,461.4
29,164.0
29,122.7
33,344.4
35,289.3
35,795.4
36,758.4
40,016.1
42,150.3
42,083.2
36,301.1
37,128.9
36,960.5
39,390.4
39,597.0
39,886.6
42,886.4
49,585.8
48,381.7
48,096.7
46,400.0
46,171.2
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

3,302.3
7,643.7
9,499.9
10,201.5
9,551.5
10,708.2
10,526.6
10,937.4
11,544.3
11,050.2
11,564.8
12,598.7
12,359.9
12,930.5
12,899.3
12,890.3
13,551.5
14,580.4
14,230.4
15,072.9
16,191.5
16,592.8
14,878.4
15,510.6
15,830.2
15,761.1
16,344.0
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

229.2
248.8
253.0
264.6
312.1
310.0
315.4
373.3
280.9
281.5
279.0
265.9
267.2
268.1
269.2
268.1
273.4
264.9
730.9
740.4
237.2
834.9
3,489.6
3,486.7
3,491.7
3,812.7
3,646.4
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

3.5
3.7
3.1
0.5
0.5
0.5
0.5
0.5
1.7
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.7
0.6
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

20

 ,

Loans outstanding

continued

End-of-period

By banks

Golomt

Capital

Khan

Trade &

Mongol Post

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
56,123.4
81,904.3
82,022.9
96,608.7
96,217.8
97,977.9
103,532.8
105,485.3
117,313.2
113,269.3
113,856.8
109,140.2
110,564.1
109,094.7
124,180.2
135,964.2
133,569.4
141,213.8
140,177.6
139,008.6
151,586.8
159,093.1
162,297.1
165,936.0
157,706.5
162,399.8
180,141.9
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

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
6,186.4
7,116.0
6,712.1
8,764.6
9,315.6
9,485.1
10,156.2
11,433.8
13,106.2
13,639.2
14,999.2
15,124.9
15,455.2
15,784.5
15,995.6
15,527.8
15,992.3
15,889.6
16,109.9
15,167.2
15,585.1
17,384.6
17,650.7
18,617.4
19,151.2
21,062.7
22,944.3
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

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
60,938.9
66,770.2
76,971.6
81,074.6
87,090.8
86,238.7
90,200.6
91,189.0
91,844.9
95,418.2
97,401.9
111,357.0
119,139.7
123,545.4
128,410.9
134,355.7
143,485.6
143,800.1
151,081.1
153,500.3
155,245.6
166,657.2
173,000.1
194,803.3
208,029.8
214,176.4
226,393.3
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

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
66,311.3
76,235.7
86,968.0
92,569.5
88,811.5
89,754.5
89,647.8
91,492.8
98,574.9
113,017.0
120,861.8
108,695.3
114,227.3
116,660.0
126,944.3
148,617.5
150,309.4
158,517.3
168,695.0
175,560.0
179,651.8
187,751.1
202,339.9
189,270.2
195,804.0
195,749.7
212,881.8
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

Erel

Credit

Savings

Development

1992 12
1993 12
1994 09
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
12
12
12
12
2004 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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
36,571.8
39,891.0
41,190.0
42,769.0
44,782.9
45,711.8
48,589.6
50,246.5
53,159.8
56,143.1
56,524.7
57,315.6
57,539.0
58,319.8
61,844.0
62,072.3
65,007.6
66,689.2
71,962.2
74,317.4
76,276.0
79,870.5
79,018.0
81,928.3
84,271.9
85,043.6
88,955.3
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

132.8
434.4
368.1
275.6
1,047.9
6,393.5
14,552.4
18,149.5
19,047.9
20,914.7
21,131.7
22,871.4
21,587.7
22,582.5
23,168.2
22,889.4
22,750.0
23,155.1
24,372.3
24,891.8
25,142.6
24,436.2
24,664.4
27,744.7
28,437.8
30,993.9
32,707.6
32,228.6
31,930.5
34,449.2
35,298.9
35,464.3
32,832.3
31,645.0
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

523.6
1,052.9
774.5
1,350.4
2,464.0
4,685.2
6,089.0
6,237.9
7,105.3
7,685.6
7,312.8
7,728.4
7,467.7
6,389.1
6,033.0
5,705.1
5,273.9
4,921.6
4,809.8
4,894.1
4,845.7
4,736.8
4,794.6
4,742.0
4,592.6
4,334.1
4,288.3
4,474.3
4,365.3
4,395.6
4,449.4
4,874.7
5,721.9
6,107.9
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

1,605.0
2,185.0
2,434.9
2,968.9
2,719.0
4,869.9
4,863.6
5,332.4
4,885.3
4,965.4
4,294.5
4,396.3
5,034.4
5,351.1
5,268.8
4,750.3
4,660.4
4,889.3
4,972.8
4,897.3
4,589.9
4,774.8
4,800.3
5,108.2
4,979.1
7,026.2
7,256.8
9,607.5
9,506.0
9,122.9
8,931.7
8,579.1
8,360.3
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

622.5
1,028.6
780.3
2,331.1
3,597.1
4,295.9
6,535.2
9,184.7
7,650.1
8,705.4
8,960.8
8,741.9
8,878.4
8,975.1
9,401.3
8,514.4
10,423.5
10,701.0
10,706.4
10,806.3
10,555.8
10,575.4
10,465.2
12,204.7
12,089.1
10,356.7
10,159.3
9,870.1
9,746.2
9,640.2
7,713.3
7,942.7
8,834.1
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

21

 ,

Loans outstanding

continued

End-of-period

Ulaanbaatar
city 4

Zoos

. -

**
Anod

Inter*

Capitron

Hasbank

National

Chinggis

investment

khaan

Others

bank**

1992 12
1993 12
1994 09
1994 12
1995 12
1996 12
1997 12
1998 12
1999 12
12
12
12
12
2004 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

336.9
1,027.7
3,292.7
5,525.0
6,779.9
8,164.1
7,146.1
7,925.1
10,608.3
13,021.6
16,364.4
18,164.1
22,642.8
26,851.5
29,705.6
34,609.7
36,642.7
46,791.8
44,747.2
44,695.1
46,605.8
49,725.0
45,111.3
44,070.4
58,089.1
63,127.6
66,581.7
65,458.5
66,650.2
66,979.2
64,915.7
63,454.6
64,975.8
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

887.8
3,209.8
10,781.6
18,169.7
25,784.8
27,668.5
30,828.4
35,074.9
38,109.7
39,513.5
38,045.9
42,562.0
46,191.6
49,724.0
52,247.6
53,738.7
56,967.5
57,894.6
56,861.2
61,743.3
62,034.4
63,898.3
64,573.8
75,796.3
77,896.1
76,134.6
74,932.1
79,580.2
73,147.8
73,267.1
73,143.9
75,354.3
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

1,589.9
6,529.7
15,360.0
25,094.6
68,166.2
87,759.2
88,677.3
101,084.9
101,716.4
99,925.2
90,516.3
94,508.6
95,590.8
87,365.3
94,260.7
92,536.6
92,406.7
95,685.3
94,874.5
97,668.1
93,816.9
103,325.8
103,258.4
101,643.5
106,737.6
108,102.8
111,016.3
113,655.1
117,621.4
121,254.4
119,924.1
120,418.1
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

3,218.4
6,909.0
10,660.1
13,656.4
10,674.5
8,415.0
8,835.2
7,207.4
7,287.3
8,858.7
8,398.2
8,019.4
8,580.8
7,312.5
7,049.1
6,658.9
6,345.3
6,030.2
6,112.4
5,438.8
5,473.4

2,485.3
11,948.0
18,023.8
21,221.7
21,023.0
19,256.8
20,788.7
20,800.3
19,984.7
20,905.8
21,936.7
22,399.3
23,686.2
22,431.5
24,859.9
27,792.1
28,383.1
27,641.2
27,922.8
28,566.9
27,182.8
27,460.4
30,838.1
29,978.8
31,097.4
29,754.8
28,242.0
28,277.4
26,938.4
26,789.3
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

2,630.1
5,496.0
11,012.2
12,854.9
16,455.3
17,776.2
20,313.6
21,343.4
21,084.2
23,966.8
24,715.2
26,677.9
29,528.2
30,257.0
32,659.1
34,118.1
34,845.9
36,010.3
38,077.9
39,022.6
38,576.8
41,158.6
43,866.7
45,141.8
47,367.9
48,477.4
51,776.8
52,282.5
53,386.1
57,491.4
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

8,437.5
15,405.9
7,058.6
1,758.6
1,800.5
0.0
0.0
1,809.5
1,785.6
1,779.6
1,781.1
1,787.1
1,787.1
1,805.0
1,820.0
1,829.0
1,839.5
976.8
972.8
960.0
1,748.6
1,818.8
1,781.1
2,630.0
3,341.2
5,742.3
6,719.5
7,495.4
7,066.1
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

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
51,642.4
0.0
33,018.7
0.0
36,731.8
0.0
38,646.1
0.0
40,111.7
0.0
39,070.6
0.0
40,031.7
0.0
40,831.9
0.0
41,499.0
0.0
42,847.8
0.0
43,198.6
0.0
43,299.8
0.0
43,423.1
0.0
43,963.1
0.0
44,316.4
0.0
44,699.3
0.0
39,838.9
0.0
42,904.2
0.0
44,081.8
0.0
45,358.9
0.0
45,568.6
0.0
42,847.8
0.0
51,877.4
0.0
52,309.8
0.0
51,485.1
0.0
52,245.5
0.0
51,439.0
0.0
43,038.6
0.0
46,206.7
0.0
49,868.5
0.0
49,839.2
0.0
48,025.2
0.0
47,957.5
0.0
51,809.6
0.0
62,063.4
0.0
63,920.3
0.0
62,092.6
0.0
61,399.9
0.0
62,400.5
0.0
67,933.0
0.0
74,614.5
0.0
77,695.1
0.0
82,363.2
0.0
84,957.1
0.0
90,107.1
0.0
86,908.3
0.0
86,693.0
0.0
96,896.2
0.0
100,506.9
0.0
98,319.1
0.0
99,254.9
0.0
99,749.8
0.0
100,198.0
0.0
102,171.2
0.0
104,550.7
0.0
100,139.0
0.0
97,050.1
0.0
103,841.2
0.0

22


Deposit rate

in percent

End-of-period

Deposit rate

Current account

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 03
04
05
06
07
08
09
10
11
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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
0.0-6.6
0.0-6.0
0.0-6.0
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
0.0-4.8
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
0.0-4.8
0.0-4.8
0.0-4.8
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
0.0-5.0
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

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
0.3-3.0
0.3-3.0
0.3-3.0
0.3-3.0
0.3-3.0
0.3-3.0
0.3-3.0
0.3-3.0
0.3-3.0
0.3-3.0
0.3-3.0
0.3-3.0
0.0-3.0
0.0-3.0
0.0-3.0
0.0-3.0
0.0-3.0
0.0-3.0
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
0.0-3.6
0.0-3.6
0.0-4.0
0.0-4.0
0.0-4.0
0.0-4.0
0.0-4.0
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

Demand
deposit

Time deposit

Domestic Currency
0-1
1 year

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
6.0-10.0
6.0-10.0
6.0-10.0
6.0-10.0
6.0-10.0
6.0-9.6
6.0-9.6
6.0-9.6
6.0-9.6
6.0-9.6
6.0-9.9
6.0-9.9
6.0-9.9
6.0-9.9
6.0-9.9
6.0-9.9
6.0-9.9
6.0-9.0
6.0-10.0
6.0-10.0
6.0-9.96
6.0-9.96
6.0-9.96
6.0-9.96
6.0-9.96
6.0-10.0
6.0-10.0
6.0-10.0
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
6.0-10.2
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

1-3 3-5
1-3 years3-5 years

70-1535-151.8
50-101.2
12.5-101.2
12.7-60.1 26.8
6.2-69.6 .0-42.6
6.0-42.58 .0-30.0
9.6-30.0
3.6-24.0
2.4-24.0
6.0-22.0
6.0-22.0
6.0-22.0
6.0-22.0
6.0-21.9
6.0-20.4
6.0-20.4
6.0-24.0
6.0-24.0
6.0-24.0
6.0-24.4
6.0-20.4
6.0-20.4
6.0-20.4
6.0-20.4
6.0-20.4
6.0-20.4
6.0-20.4
6.0-20.4
6.0-20.4
6.0-19.2
6.0-19.2
6.0-19.2
6.0-19.2
6.0-19.2
6.0-19.2
6.0-19.2
6.0-19.2
6.0-19.2
6.0-19.2
7.56-19.2
7.56-19.2
7.56-19.2
7.56-19.2
7.56-19.2
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

Foreign Currency
0-1 1-3 3-5
1 year
1-3 yea 3-5 years

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
2.4-12.0
1.4-12.0
1.4-12.0
1.4-12.0
0.7-9.6
1.4-9.6
1.4-10.2
1.4-10.2
1.4-10.2
1.4-9.6
1.4-9.8
1.4-9.8
1.4-9.8
1.4-9.8
1.4-9.8
1.4-9.8
1.4-9.8
1.4-9.8
1.4-9.8
1.4-10.8
1.4-10.8
1.4-10.8
1.4-10.8
1.4-10.8
1.4-10.8
1.4-10.8
1.4-11.4
1.4-11.4
1.2-11.4
1.2-11.4
1.2-11.4
1.2-11.4
1.2-11.4
1.4-11.4
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

23


Loan rate

in percent

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 03
04
05
06
07
08
09
10
11
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

Central bank's bills rate
1

1 day
Weigthed rate

120-300
72-264
72-150
72-109
45.0-50.0
23.3
11.4
8.6
8.6
9.9
11.5
9.2
13.6
13.6
13.3
14.3
14.4
14.64
15.66
15.82
15.75
14.99
11.84
9.52
5.90
6.57
5.49
7.11
7.20
6.95
7.53
6.52
4.75
4.51
4.18
3.65
7.55
8.06
7.40
7.84
7.97
7.43
6.76
6.69
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

3 days

7 days

8 days

1 week

2 weeks

8.5
6.8
10.0
9.2
10.0
12.0
11.9
12.0
14.0
13.9
13.97
15.49
14.49
15.49
14.83
2.38
2.50
2.77

12.0

15.47

3.89

1.88

1.28
3.90
4.00
4.47
4.99
4.49
4.44
3.12
3.28
2.92
4.48
5.00
4.69
5.00
5.00
5.00
5.37
4.55
5.09
5.91
3.94
1.84
3.19
4.87
3.82
6.40
6.40
6.40
7.40
8.40
8.40
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

4 weeks

8.5
8.1
7.6
9.9
10.0
13.0
13.0
13.0
14.0
13.50
15.72
15.79
15.79
15.67
7.43
3.00
3.39
4.28
4.23
4.85
4.90
4.98
5.48
5.04
3.65
2.75
4.77
3.37
5.48
5.78
5.80
5.80
5.80
5.79
5.53
5.25

12

12 weeks

13

13 weeks

10.5
8.8
10.9
11.9
9.8
13.9
13.9
13.9
14.0
14.0
14.98
14.98
15.87
15.90
14.55
14.92
10.50
5.36
5.90
6.11
6.07
6.04
6.32
6.96
6.40
3.80
5.64
2.48
2.62
6.47
6.50
6.50
6.50
6.33
6.50
6.24

28

28 weeks

180 days

5.0
13.7
11.4
13.7
6.3
15.0
15.0
15.0
15.0
15.0
14.97
15.96
15.96
15.96
15.04
15.04
16.00
9.68
9.68
9.68
10.00
10.00
10.00
9.13
9.13
9.13
6.04
6.04
6.04
9.81
9.81
9.81
9.50
9.50
9.50
7.46
7.46
7.39
7.06
6.78
6.78
6.58
3.48
3.48
3.48
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

180

11.53
11.53
11.64
11.64
11.64
11.64
9.89
9.89
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

24


Loan rate

in percent

End-of-period

Interbank market rate

( )
Treasury bills rate

Interbank loans

Central bank bills

Repos

Banks loan rates

Overnight loans

Interbank
deposits

Weigthed rate

Domestic
currency

Foreign
currency

Paid rate

(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 03
04
05
06
07
08
09
10
11
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

7.87

3.94

12.93
12.90

3.98

15.9
15.6
15.00
15.75
7.00
17.00
13.27
15.57

4.77
4.40
5.51
12.69
14.77

16.80
10.80
15.91
16.26
0.00
15.15
14.03
12.00
0.00
12.00
11.00
10.00
0.00
13.20
14.75

6.95
11.00
11.00

6.50

5.75
5.79
5.56
6.25
7.45
7.91

12.00
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

7.2
9.6
8.77
10.88
11.73
10.90
12.70
13.35
14.05
13.06
15.50
15.59
15.54
15.90
2.13
2.39
8.01
4.00
5.10
4.29
4.73
5.08
3.67
4.35
4.56
3.10
1.85
5.55
7.59
5.00
5.57
6.93
6.93
5.00
7.00
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

5.2
11.9
8.58
10.70
13.74
12.87
13.24
14.00
14.46
14.74
15.60
15.74
15.50
16.80
9.14
5.60
3.70
4.19
8.67
4.92
4.78
7.43
5.25
4.92
2.50
6.00
5.83

9.00
5.40

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

10.04
8.34
14.14
16.72

12.0
8.00
11.26
11.49
13.05
12.67
12.41
7.39
15.53
12.68
15.52
14.27
11.30
4.53
4.92
9.19
5.86
5.58
5.22
6.20
6.46
5.14
6.10
5.76
5.21
2.75
7.32
8.90
7.89
6.40
6.14
8.40
6.52
6.20
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

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

6.91
10.24
8.83
12.26
12.54
11.33
12.81
13.37
13.83
14.23
14.54
15.36
14.82
14.11
7.48
5.10
8.86
5.65
5.42
5.01
5.85
6.60
5.06
6.13
5.51
4.45
2.38
7.16
8.77
7.34
3.10
6.07
8.26
6.20
6.30
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

45.8
38.8
34.7
41.4
33.4
31.5
30.3
30.5
30.5
30.3
31.0
33.1
32.3
31.5
31.8
30.0
32.7
31.9
32.7
31.3
31.0
30.0
27.2
31.7
30.5
30.6
29.0
28.3
29.5
27.6
28.3
27.3
27.3
24.2
25.5
28.1
26.1
27.6
27.2
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

34.2
36.5
25.8
22.2
19.8
19.6
19.7
21.0
19.9
21.8
20.4
19.2
18.2
17.7
18.5
17.9
16.3
15.7
16.3
16.9
15.9
17.3
17.8
18.0
16.2
17.8
15.5
14.8
17.8
15.4
15.8
16.2
16.6
15.9
16.8
16.3
15.3
16.1
14.4
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

30.7
30.2
29.2
28.8
28.3
27.6
27.3
26.9
26.1
25.9
25.3
25.0
24.8
24.4
24.3
24.1
24.0
24.1
23.9
23.8
24.2
24.1
23.5
23.5
23.4
23.3
23.2
23.2
23.2
23.2
23.1
23.1
23.1
23.0
22.9
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

25

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

Name of a bank

Demand deposit rates

Deposit rate

Domestic
Currency

Domestic currency

Demand

Foreign
Currency

0-1
Time & Saving

Foreign currency

Demand

0-1
Time & Saving

Golomt

1.2-3.6

1.2

8.4-12.0

9.6-17.4

1.0-5.4

5.4-10.2

Capital

1.8-7.2

1.8-7.2

7.2

14.4-18.5

3.6

6.0-9.6

Savings

0.0-3.0

6.0

9.6-16.8

2.4

4.2-8.4

KHAN

0.0-4.8

8,4-10,0

2,4-18,0

0,8-3,6

2,4-7,8

Trade & Development

0-3.0

0.0-1.0

6.0-6.9

12.6-15.9

1.2-1.8

1.4-5.52

1.2-4.8

1.0-2.4

8.4

6.0-18.6

1.2-4.8

3.6-10.8

8.0

15.6-18.6

1.2-3.6

9-14.04

6.0-8.4

12.0-18.0

2.4-3.6

4.8-8.4

8.4

7.68-19.44

1.8-4.8

6.0-8.4

Ulaanbaatar city

7.2

13.8-18.6

0.1-3.6

6.6-10.2

Zoos

Anod

9.6

14.4-18.0

6.0

6.6-9.0

12.0

13.2-19.4

1.8-5.4

2.88-10.44

Mongol Post

Transport development

Erel

Credit

Capitron

0.7-1.64

3.0

2.0-4.0

0.2-3.0

4.8-10.2

7.2-18.6

1.2-2.4

1.44-10.8

Xac

5.4

3.0

8.2-9.1

12.0-17.5

0.8-2.4

2.04-6.3

National Investment

1.8

1.0

Chinggis khaan

26


continued

Name of a bank

Prime rate

Domestic
Currency

Golomt

22.8

Capital

11.0

Savings

21.6

Foreign
Currency

Lending rates

Weighted average lending rates

ManuTrade
facturing

Domestic
Currency

19.2 12.0-30.0
3.6

Agricultural

12.0-30.0

Individuals

Others

Foreign
Currency

14.4-48.0 12.0-30.0

22.2

18.8

18.0-21.6

21.6

17.9

22.6

9.6-48.0

19.6

19.0

14.4

14.4

14.4-32.4

12.0-33.6

16.8-36.0

16.8-36.0

12.0-36.0

24.1

14.5

Trade & Development

10.8

10.2 19,8-22,8

19,8-24,0

13,2-18,0

20.6

15.3

Mongol Post

19.2

18.0 16.2-36.0

16.2-39.0

16.2-39.0

21.2

16.1

Transport development

18.0

12.0-33.6

17.6

15.0

Erel

24.0

13.2 13.2-26.4

13.2-27.6

13.2-28.8 13.2-31.2

28.3

Credit

19.2

18.0

8.0

16.20

24.0

18.0-24.0 8.0-24.6

21.0

16.2

16.8

13.2

20.7

19.6

22.2

16.8

16,8-30,0

26.7

16.8

Ulaanbaatar city

Zoos

Anod

26.4

10.56 20.38-27.6418.17-22.01
24.0

9.6

5.0 7.25-36.0

30.0-36.0

5.04-44.4 30.0-40.8

18.6

20.9

Xac

16.0

8.2 14.4-42.0

12.7-42.0

12.7-43.2 5.7-43.2

28.9

16.6

National Investment

12.0

9.6

Capitron

Chinggis khaan

18.0

15.0 15.0-18.0

6.0
15.0-18.0

18.0 24.0-26.0

17.2

18.1

27


Trade balance
.
in million of dollars

Exports

amount

End-of-period

(%)

Imports

amount

By major trading countries (%)

Russia

China

Other

annual

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 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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
131.4
307.2
559.3
869.7
56.5
93.2
168.4
226.3
292.1
396.6
480.5
561.7
668.2
787.9
898.3
1,064.9
53.0
127.6
229.8
331.5
458.5
611.6
756.2
900.0
1,080.2
1,203.4
1,377.4
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

(%)
By major trading countries (%)

Russia

China

Other

annual

changes

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
1.7
40.1
39.3
41.2
61.3
32.4
28.2
23.0
19.3
29.1
27.1
18.0
19.5
21.3
25.4
22.4
-6.2
36.9
36.5
46.5
57.0
54.2
57.4
60.2
61.7
52.7
53.3
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

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
1.3
1.1
1.3
2.4
1.0
2.0
2.3
2.5
2.5
2.1
1.8
1.8
1.8
2.0
2.0
2.6
1.7
1.8
1.5
1.6
1.0
1.6
1.8
1.9
2.0
2.4
2.7
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

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
59.1
59.0
50.6
47.6
55.4
51.8
56.5
56.6
55.3
49.2
51.5
51.1
50.0
49.8
49.8
48.1
52.2
62.7
67.3
67.0
69.2
70.5
71.6
71.9
70.1
70.0
68.1
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

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
39.6
39.9
48.2
50.0
43.6
46.2
41.2
40.9
42.2
48.8
46.7
47.2
48.2
48.3
48.2
49.3
46.1
35.5
31.2
31.4
29.8
27.8
26.5
26.2
27.9
27.5
29.2
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

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
184.9
479.9
752.6
1,021.1
62.3
117.7
211.5
285.6
373.9
500.1
607.0
712.3
812.9
939.3
1,045.6
1,184.4
66.5
137.4
233.0
347.0
477.9
617.2
761.0
940.5
1,067.9
1,199.1
1,336.4
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

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
10.8
33.0
26.7
27.5
20.3
8.7
14.4
3.8
-2.1
4.2
6.1
7.1
8.0
11.3
12.2
16.0
6.7
16.7
10.2
21.5
27.8
23.4
25.4
32.0
31.4
27.7
27.8
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

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
34.2
30.8
31.5
33.5
28.1
29.2
32.2
31.2
31.1
30.1
31.9
31.6
32.2
34.1
35.0
35.3
37.1
34.7
38.6
36.6
35.6
35.3
35.9
35.8
36.3
36.8
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

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
23.3
22.7
22.4
25.2
18.4
17.8
19.5
22.7
24.0
27.5
26.6
27.2
28.0
27.8
27.5
24.9
21.3
21.6
22.2
26.1
27.3
29.3
28.5
28.7
28.6
28.2
27.8
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

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
42.4
46.4
46.1
41.3
53.5
52.9
48.3
46.1
44.9
42.4
41.5
41.3
39.9
38.1
37.5
39.8
41.5
43.7
39.2
37.3
37.1
70.7
36.2
35.3
35.6
35.6
35.4
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

:
Source: Report of the Customs General Administration
, . /export included gold and import included payment of Airbus/

2
2

- 2002 10 , .

In accordance with IMF metodology the volume&value of nonmonetary gold is included in external trade export & import since October, 2002

28


Trade balance

continued

( )

End-of-period

Of which financing (imports)

Trade balance

Foreign

Commodity supplied

grant

Foreign direct

changes

investment

External trade turnover

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 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

-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
-53.5
-172.7
-193.3
-151.5
-5.8
-24.5
-43.1
-59.3
-81.8
-103.5
-126.5
-150.6
-144.7
-151.4
-147.3
-119.5
-13.5
-9.7
-3.2
-15.5
-19.4
-5.6
-4.8
-40.6
12.3
4.3
41.0
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

25.8
46.5
52.4
56.2
88.2
25.0
25.0
33.9
25.5
4.5
25.8
41.8
52.0
3.9
8.3
10.7
15.4
21.6
24.6
26.7
29.9
31.6
32.6
32.7
37.0
0.1
0.2
0.8
1.1
4.0
5.3
7.7
8.2
11.3
12.8
14.5
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

63.5
63.6
50.0
44.3
59.7
84.9
81.3
49.7
41.8
14.5
24.6
40.2
52.5
1.9
1.9
6.0
8.1
8.7
9.9
11.8
13.7
14.8
18.2
21.4
29.1
0.7
7.4
12.5
16.2
20.7
22.4
25.1
27.8
31.1
33.7
36.2
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

amount

annual

80.0
80.8
78.9
57.4
61.4
69.3
49.8
29.6
99.2
16.8
48.1
69.1
95.0
5.1
5.1
26.4
38.6
52.3
64.2
78.5
93.5
108.1
125.5
134.3
152.6
4.4
9.0
21.3
40.8
48.9
64.3
78.2
102.2
110.7
118.9
131.1
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

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
316.3
787.1
1,311.9
1,890.8
118.8
210.9
379.9
512.0
666.0
896.7
1,087.5
1,274.0
1,481.1
1,727.2
1,943.9
2,249.2
119.5
265.0
462.8
678.5
936.5
1,228.8
1,517.2
1,840.5
2,148.1
2,402.4
2,713.9
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

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
6.8
35.7
31.8
36.3
36.8
18.0
20.1
11.5
6.3
13.9
14.5
11.6
12.9
15.7
18.0
19.0
0.6
25.6
21.8
32.5
40.6
37.0
39.5
44.5
45.0
39.1
39.6
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

29


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

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

82.25

81.55

80.16

82.20

NEER
81.71
80.26
78.30
77.85
REER- , NEER-
REER-real effective exchange rate, NEER-nominal effective exchange rate

83.41
78.66

30


Exchange rates on foreign exchange market

Togrog against foreign currency

End-of-period

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 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

EUR

USD

SEK

BGN

HUF

CZK

EGP

JPY

CHF

GBP

HKD

monthly
average

396.51
414.09
473.62
693.51
813.16
902.00
1072.37
1097.00
1102.00
1125.0
1168.0
1177.0
1174.0
1202.0
1209.0
1208.0
1208.0
1192.0
1188.0
1189.0
1193.0
1193.0
1205.0
1215.0
1221.0
1228.0
1221.0
1216.0
1200.0
1174.0
1191.0
1175.0
1172.0
1169.0
1168.0
1168.0
1165.0
1164.0
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

395.03
413.00
473.48
692.76
811.95
891.86
1070.39
1097.00
1101.29
1124.09
1170.30
1177.65
1166.95
1198.93
1211.77
1210.90
1208.50
1202.54
1186.93
1188.00
1190.53
1193.45
1200.07
1212.19
1218.77
1224.40
1226.68
1220.68
1210.21
1183.23
1186.27
1182.55
1171.53
1170.32
1168.35
1167.70
1166.61
1164.10
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

1086.85
1006.61
973.60
1169.4
1460.2
1433.17
1430.3
1481.7
1647.4
1574.4
1595.0
1543.0
1537.9
1489.6
1439.2
1439.7
1471.4
1465.3
1485.1
1452.8
1449.1
1483.2
1423.6
1416.5
1492.8
1510.2
1470.7
1483.8
1498.8
1478.7
1482.4
1533.7
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

128.00
160.60
154.70
156.50
163.30
183.20
173.30
175.80
168.90
167.90
162.10
152.70
152.15
157.71
156.27
156.15
153.40
153.82
160.31
151.18
150.25
160.65
162.44
159.56
160.72
162.11
159.58
160.81
168.77
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

599.30
746.50
736.55
731.40
757.60
842.40
805.00
815.60
788.90
786.30
761.50
735.90
736.10
752.40
749.20
759.40
742.90
741.20
875.40
728.00
724.20
763.30
772.10
752.00
758.60
766.40
756.10
757.90
784.20
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

5.00
5.60
5.72
5.60
6.00
6.70
6.40
6.60
6.20
6.10
5.90
5.80
5.90
6.00
5.90
5.90
5.80
5.80
5.90
5.60
5.30
5.70
5.80
5.20
5.50
5.40
5.40
5.70
6.00
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

37.30
44.90
43.64
44.80
46.90
54.00
52.20
53.40
51.10
50.30
48.70
47.90
47.70
49.80
49.70
50.00
50.10
50.10
52.10
50.30
49.40
52.50
53.50
51.70
52.30
53.10
52.10
52.40
54.80
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

242.80
188.80
190.15
189.40
194.30
197.70
207.00
208.30
205.50
204.70
205.10
205.70
206.70
208.60
211.10
211.80
212.90
212.40
212.10
209.30
204.30
207.00
203.90
203.50
203.20
203.30
203.60
203.10
203.20
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

3.55
4.12
4.63
5.98
6.28
7.71
10.42
9.74
8.39
9.38
10.92
11.14
10.84
10.83
11.65
11.70
11.47
11.12
11.26
11.01
10.84
10.61
10.92
10.76
10.60
10.31
10.37
10.45
10.33
9.99
10.43
10.52
10.06
10.11
9.98
9.89
9.92
10.03
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

275.01
310.99
409.53
514.28
565.93
656.72
676.15
659.53
657.30
804.00
935.70
917.88
939.40
955.00
1067.70
1019.60
1033.60
993.90
999.70
963.70
931.60
920.60
950.40
941.70
961.00
938.60
930.10
957.20
910.30
899.10
945.10
968.70
940.60
943.50
951.50
932.00
932.20
965.20
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

592.70
639.77
731.27
1172.48
1358.14
1508.05
1734.56
1615.11
1598.60
1804.00
2073.40
2142.55
2146.60
2177.90
2320.90
2278.40
2307.00
2239.20
2273.80
2167.80
2168.90
2079.20
2161.30
2148.80
2178.50
2119.70
2103.70
2162.60
2092.90
2043.20
2146.70
2203.70
2130.80
2172.90
2219.70
2181.40
2211.00
2270.10
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

51.32
53.51
61.23
89.64
104.93
116.45
137.99
140.66
141.30
144.30
150.50
150.98
150.50
154.10
155.50
154.90
154.90
152.80
152.40
152.90
153.50
153.40
155.10
156.60
157.50
158.40
157.50
156.80
154.70
151.30
153.60
151.50
150.90
150.40
150.20
149.90
149.90
149.70
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

31

RUB

0.12
0.10
0.12
0.14
42.65
39.95
39.18
36.20
35.40
39.90
41.31
40.50
41.10
43.40
43.00
43.50
42.80
42.70
42.30
41.70
41.60
42.20
42.60
43.00
42.70
42.50
43.40
42.60
42.30
43.70
43.50
43.30
43.50
43.70
43.60
43.60
44.20
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

32


Exchange rates on foreign exchange market

continued

End-of-period

//

//

CNY

KRW

CAD

AUD

THB

IDR

MYR

SGD

XAU

XAG

SDR

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

48.60
56.94
83.57
98.21
108.96
129.53
132.52
133.10
135.90
141.10
142.20
141.80
145.20
146.10
146.00
146.00
144.00
143.50
143.70
144.10
147.10
148.80
150.10
151.00
152.00
151.30
150.80
149.20
146.30
148.60
146.40
146.50
146.60
146.70
147.70
147.90
148.60
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

0.82
0.49
0.74
0.95
0.89
0.83
0.94
0.98
1.02
1.02
1.04
1.16
1.18
1.20
1.17
1.19
1.19
1.16
1.16
1.17
1.17
1.17
1.18
1.21
1.25
1.24
1.20
1.26
1.24
1.22
1.23
1.22
1.23
1.23
1.25
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

298.28
295.08
347.61
506.86
567.27
582.16
730.75
720.81
691.00
720.60
892.60
898.99
873.00
944.70
999.00
974.10
974.50
984.10
949.50
945.80
968.40
965.10
1004.50
1035.10
1042.70
1049.50
1048.30
1057.90
1044.80
1003.20
1060.30
1066.80
1043.40
1030.50
1054.00
1046.90
1039.90
1027.30
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

547.97
691.09
608.56
559.70
634.90
872.10
882.22
820.30
861.30
936.70
936.50
946.00
920.30
926.50
905.80
910.10
901.50
902.10
923.60
922.20
909.50
892.60
914.10
886.60
833.20
898.80
897.10
853.40
890.30
890.80
870.70
895.60
910.60
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

24.73
28.52
26.10
24.90
26.00
29.50
29.77
28.70
28.90
31.00
31.40
31.50
30.30
30.00
29.40
28.90
28.60
29.20
29.50
30.00
29.80
29.80
31.20
30.60
30.20
31.70
30.80
30.50
30.90
31.10
31.10
35.10
32.20
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

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

237.68
282.20
288.68
290.00
296.10
307.40
309.74
308.90
316.30
318.20
317.90
317.90
313.70
312.60
312.90
313.90
318.20
319.60
322.30
323.50
324.90
323.00
324.20
323.10
317.80
328.60
324.50
317.70
318.70
317.50
316.70
319.90
320.70
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

543.18
642.41
634.84
595.90
647.60
686.40
698.72
685.90
709.60
738.40
739.50
740.00
721.70
723.60
716.90
708.70
716.30
716.00
719.20
723.70
726.00
733.10
749.30
738.80
724.40
752.80
745.20
733.90
739.20
742.10
736.00
746.30
753.10
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

257761.60
308574.47
300358.60
306080.50
393187.50
485537.60
492427.38
469893.50
494442.70
528151.70
515967.00
523124.40
508090.00
513216.00
498726.10
519104.10
506965.50
525741.50
570442.50
578998.20
612925.50
625152.00
678376.00
668040.00
674903.30
759411.40
770095.00
680990.60
739334.10
718728.80
702406.00
703252.30
744843.60
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

4446.86
5651.60
5062.66
4937.00
5298.80
6926.20
8945.20
6973.60
7921.20
8263.50
8202.30
8848.60
8320.20
8244.70
8614.30
8452.40
8416.60
8121.70
8948.50
9566.50
10210.80
10897.40
11606.70
11658.00
13154.70
15125.70
15169.30
12024.70
13314.90
14278.80
13478.70
14148.90
16010.80
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

549.62
602.19
708.53
999.35
1095.06
1271.24
1473.72
1426.96
1382.40
1519.20
1729.00
1730.81
1725.20
1764.30
1875.00
1838.20
1848.90
1797.60
1798.10
1765.90
1745.60
1724.30
1766.40
1760.40
1772.20
1743.20
1751.80
1768.50
1722.70
1688.00
1742.70
1751.60
1722.80
1732.70
1735.90
1728.20
1721.70
1751.10
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

33


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 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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
135,450.8
328,874.9
488,681.9
692,786.1
47,703.9
88,752.1
152,136.1
205,971.2
271,481.4
373,018.5
446,259.3
515,088.8
607,400.0
671,585.3
746,478.3
837,858.3
56,306.1
140,456.6
214,382.5
295,972.3
409,133.3
538,823.6
634,138.6
762,264.5
895,386.6
1,064,423.5
1,181,654.3
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

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
47.4
43.4
29.1
25.1
24.2
11.9
12.3
6.8
9.2
13.4
21.9
21.0
24.3
23.7
22.5
20.9
18.0
58.3
40.9
43.7
50.7
44.4
42.1
48.0
47.4
58.5
58.3
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

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
134,769.8
324,068.2
483,141.8
686,689.7
47,431.6
88,439.8
151,602.8
205,276.4
269,906.8
371,105.6
444,228.1
513,009.2
588,819.1
669,349.7
744,188.0
833,567.6
55,882.1
137,862.8
210,863.4
292,344.0
405,495.7
535,010.4
630,184.6
758,254.5
891,338.9
1,060,140.3
1,177,280.6
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

,
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
110,740.8
270,506.4
397,487.3
578,800.9
39,648.8
73,849.2
126,574.8
170,351.5
225,149.0
300,974.3
361,922.6
422,997.4
484,811.8
556,441.5
620,189.8
692,206.5
48,194.5
122,378.5
185,711.2
241,025.8
315,919.7
430,862.4
524,148.8
642,424.2
746,841.7
890,950.1
987,539.7
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

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
24,029.0
53,561.8
85,654.5
107,888.8
7,782.8
14,590.6
25,028.0
34,924.9
44,757.8
70,131.3
82,305.5
90,011.8
104,007.3
112,908.2
123,998.2
141,361.1
7,687.6
15,484.3
25,152.2
51,318.2
89,576.0
104,148.0
106,035.8
115,830.3
144,497.2
169,190.2
189,740.9
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

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
681.0
4,806.7
5,540.1
6,096.4
272.3
312.3
533.3
694.8
1,574.6
1,912.9
2,031.2
2,079.6
18,580.9
2,235.6
2,290.3
4,290.7
424.0
2,593.8
3,519.1
3,628.3
3,637.6
3,813.2
3,954.0
4,010.0
4,047.7
4,283.2
4,373.7
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

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
132,764.4
314,121.4
482,735.1
717,266.7
41,657.9
92,742.5
161,893.8
215,555.8
269,802.3
331,431.3
384,214.2
448,045.1
511,879.3
580,526.4
645,934.4
764,597.1
56,485.1
117,857.8
179,074.8
252,817.7
316,578.4
390,779.8
470,193.5
544,858.2
635,944.8
786,164.0
884,508.7
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

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
19.1
20.0
18.6
16.5
14.8
10.9
21.9
9.7
7.9
5.5
6.3
8.6
6.0
5.9
7.4
6.6
35.6
27.1
10.6
17.3
17.3
17.9
22.4
21.6
24.2
35.4
36.9
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

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
116,913.5
257,034.1
368,485.6
525,804.2
37,305.6
81,798.7
131,702.3
182,020.4
226,760.1
278,838.3
317,124.2
358,762.7
406,683.5
457,141.3
511,444.8
600,288.8
50,950.4
107,372.6
165,608.6
225,628.4
283,900.8
355,957.4
407,483.2
467,230.9
545,620.7
632,645.4
696,644.3
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

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

1
1

33


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 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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
4,903.9
26,936.8
66,614.2
105,452.5
609.1
2,407.1
3,387.9
6,270.5
9,423.7
16,753.7
22,281.2
32,811.2
41,546.0
52,084.6
60,744.8
89,818.1
1,579.1
4,936.1
9,737.9
16,533.2
22,816.9
34,822.3
45,368.4
56,462.9
65,974.7
100,270.7
121,288.5
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

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
10,946.9
30,150.4
47,635.3
86,010.1
3,743.2
8,536.7
26,803.6
27,264.9
33,618.5
35,839.9
44,808.8
56,471.2
63,649.8
71,300.5
73,744.8
74,490.3
3,955.6
5,549.1
3,728.3
10,656.1
9,860.7
14,263.3
17,341.9
21,164.4
24,349.4
53,247.9
66,575.9
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

-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
2,686.4
14,753.5
5,946.8
-24,480.6
6,046.0
-3,990.4
-9,757.7
-9,584.6
1,679.1
41,587.2
62,045.1
67,043.7
95,520.7
91,058.9
100,543.9
73,261.2
-179.0
22,598.8
35,307.7
43,154.6
92,554.9
148,043.8
163,945.1
217,406.3
259,441.8
278,259.5
297,145.7
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

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
129,870.0
307,294.2
462,275.5
652,466.3
45,138.8
83,781.6
142,636.4
194,571.5
254,198.4
351,203.6
421,574.5
487,791.8
577,479.1
638,195.9
709,265.0
792,509.8
52,294.8
133,828.5
202,967.1
279,826.9
385,486.0
508,880.8
601,609.9
725,238.5
854,081.8
1,019,055.5
1,130,537.2
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

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
126,331.0
298,789.5
456,809.3
675,853.0
40,424.4
89,609.4
156,654.1
207,192.4
258,151.1
314,517.4
363,731.1
423,028.9
481,936.1
547,083.7
607,778.0
717,805.2
53,349.7
122,385.8
169,690.1
240,244.6
299,503.4
380,583.8
442,272.9
512,239.8
598,164.1
742,271.1
835,160.6
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

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
3,539.0
8,504.7
5,466.2
-23,386.7
4,714.4
-5,827.8
-14,017.7
-12,620.9
-3,952.7
36,686.2
57,843.4
64,762.9
95,543.0
91,112.2
101,487.0
74,704.6
-1,054.9
11,442.7
33,277.0
39,582.3
85,982.6
128,297.0
159,337.0
212,998.7
255,917.7
276,784.4
295,376.6
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

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
13,423.3
34,650.8
46,539.0
67,919.4
4,429.3
8,915.2
15,073.9
20,481.9
29,471.4
36,915.7
42,295.3
46,939.2
53,285.5
59,738.6
66,739.0
78,308.9
5,417.3
10,846.4
18,600.5
25,991.9
36,341.4
45,390.3
51,469.5
58,739.5
66,125.9
73,171.4
82,383.9
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

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
12,064.4
30,829.8
46,058.3
69,013.4
3,097.6
7,077.6
10,814.0
17,800.5
23,839.5
32,014.7
38,093.7
44,658.5
53,307.6
59,792.1
67,682.0
79,343.2
4,541.3
9,822.2
16,754.8
22,738.2
30,171.1
39,906.7
46,861.4
54,332.0
62,601.8
70,376.3
80,614.7
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

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
1,358.9
3,821.0
480.7
-1,094.0
1,331.7
1,837.6
4,259.9
2,681.4
5,631.9
4,901.0
4,201.6
2,280.7
-22.1
-53.5
-943.0
-1,034.3
876.0
1,024.2
1,845.7
3,253.7
6,170.3
5,483.6
4,608.1
4,407.5
3,524.1
2,795.1
1,769.2
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

34


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 03
06
09
12
2005 01
02
03
04
05
06
07
08
09
10
11
12
2006 01
02
03
04
05
06
07
08
09
10
11
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

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

: ,

429
418
410
400
403
402
404
402
401
395
395
395
393
393
392
391
391
391
391
391
392
392
391
391
391
391
390
390
389
389
389
389
388
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

129
89
69
59
61
68
69
69
68
67
67
67
65
65
65
65
64
64
65
65
66
66
66
66
66
66
66
64
63
62
61
61
60
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

302
203
125
88
134
117
120
85
103
69
78
60
108
86
105
97
63
85
78
83
95
108
117
102
106
105
94
80
64
76
81
89
126
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

226.4
261.0
273.5
274.3
657.3
1124.6
2013.2
2015.7
2015.5
2014.7
2014.7
2014.7
2015.1
2015.1
2024.9
2024.2
2024.1
2024.1
2143.5
2143.5
2163.1
2161.3
2270.8
2270.8
2271.5
2271.5
2271.5
2278.9
2272.1
2272.1
2272.1
2272.1
2271.6
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

in miilions of
togrog

35853.4
34428.0
40482.8
41283.3
35847.6
49513.4
37620.1
27059.3
29589.4
29966.4
28653.5
33004.7
41426.9
38752.6
41163.6
43736.6
44536.3
48518.3
49764.0
49588.0
55154.5
55701.0
64965.6
80609.5
79862.5
81120.8
85287.7
85502.4
86149.7
87707.9
98367.9
105949.4
113387.9
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

in miilions of
USD

39.8
32.1
36.9
37.5
31.9
42.4
32.0
23.0
24.6
24.8
23.7
27.3
34.8
32.6
34.6
36.7
37.3
40.3
41.0
40.6
44.9
45.6
53.4
67.2
68.0
68.1
72.6
73.0
73.7
75.1
84.2
90.9
97.4
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

Source: Monthly Report, Mongolian Stock Exchange

35


continued

End-of-period

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

( .)
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
4855.7
4916.7
562.0
1189.0
116.3
6948.2
133.8
1478.2
315.7
747.8
872.4
173.6
192.9
113.7
539.6
346.4
396.7
2908.6
3870.4
1242.0
2108.4
612.7
227.5
1762.4
1011.9
200.1
1090.0
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

24.3
15.3
285.2
14.9
20.9
15.2
2.2
0.6
1.7
7.7
2.1
7.4
1.4
24.7
3.9
33.8
11.4
2.9
3.6
2.7
18.4
15.7
19.8
145.4
175.9
62.1
91.7
29.2
12.6
76.6
48.2
9.1
49.5
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

-20
TOP-20 Index

5,917.26

4,809.57
4,810.14

6,767.74

3,508.64

952.86

9,329.02
4,613.70
6,267.75
3,996.87
7,699.67
7,692.34

224.40
428.68
212.35
93.30
524.94
1,012.41
71.57
47.92
103.73
960.35
229.27
37.36
667.71
106.45
114.03
57.84
134.28
133.17
106.45
39.67
105.13
10.18
72.21
260.18
8.12
51.97
253.06
0.15
14.43
39.33
68.22
3.78
108.71
348.47
174.75
18.80
82.73
43.30
0.96

502.00
1,464.91
29.83

533.83
350.90
71.39
88.44
30.47
137.07
46.09
13.22
37.10
176.59
44.78
132.58
30.07
517.88
86.41
710.46
204.66
67.12
78.85
55.85
405.35
213.28
290.22
2,868.96
256.63
1,231.80
2,036.23
352.52
219.38
1,710.45
758.81
199.90
1,075.55
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

average

highest

lowest

close

238.88
253.69
488.96
845.28
1025.82
740.69
774.93
609.24
707.36
590.68
631.14
594.00
705.96
738.15
771.69
802.33
712.86
777.46
813.63
963.40
1003.20
995.30
1020.14
1077.00
1083.90
1093.26
1147.85
1176.60
1169.23
1178.06
1351.02
1514.27
1772.37
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

251.85
259.53
506.31
962.97
1128.02
910.79
910.74
712.42
770.08
682.13
791.47
675.40
888.07
859.69
964.22
936.73
852.93
924.91
849.28
1043.80
1048.20
1053.00
1081.03
1144.12
1105.40
1117.77
1197.56
1185.40
1171.62
1199.58
1411.29
1665.98
1811.26
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

229.09
245.40
459.64
757.82
803.68
587.88
711.33
491.62
616.42
506.54
502.15
554.60
636.91
600.91
672.57
692.57
658.95
696.65
760.79
843.70
947.70
955.90
988.04
1019.71
1054.00
1082.45
1099.63
1166.30
1164.41
1169.36
1272.00
1419.31
1687.30
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

235.02
255.72
469.93
814.02
933.93
895.90
802.25
492.10
619.99
585.69
601.06
675.40
865.09
777.79
815.04
692.57
680.34
770.33
836.80
852.40
970.60
1019.20
1006.69
1103.37
1095.40
1108.11
1184.37
1168.80
1169.36
1199.58
1410.73
1665.98
1809.07
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

36