ArdNews

In partnership with

💵 Mongolia’s foreign exchange reserves climbed to a record USD 7.9 billion, surpassing the previous all time high and strengthening the country’s external financial position. Reserves increased 4% from the previous month and were 13.67% higher than at the beginning of the year.

The record reserve level was supported by strong gold purchases by Mongolbank and higher export earnings from Mongolia’s key mineral commodities. The central bank purchased 1.4 tonnes of gold in July, bringing total gold purchases to 8.9 tonnes during the first seven months of the year, while firm copper prices also continued to support export revenues.

With reserves now exceeding the level generally considered sufficient to cover three to six months of imports, Mongolia has further strengthened its ability to manage external risks, support exchange rate stability, and enhance investor confidence amid global market uncertainty.

📌 Key Takeaways

• 💵 Mongolia’s foreign exchange reserves reached a record USD 7.9 billion.

• 📈 Reserves increased 4% month on month and 13.67% year to date.

• 🪙 Strong official gold purchases and mineral export earnings were the primary drivers.

• ⛏️ Mongolbank purchased 1.4 tonnes of gold in July, with 8.9 tonnes acquired year to date.

• 🛡️ Reserve levels are sufficient to cover approximately three to six months of imports.

💡 Ard Insight

The continued rise in Mongolia’s foreign exchange reserves is a positive signal for macroeconomic stability. Strong reserve accumulation improves the country’s resilience to external shocks, supports exchange rate stability, and enhances sovereign credit fundamentals. Sustained mineral export revenues, combined with robust official gold purchases, could provide additional policy flexibility while reinforcing investor confidence in Mongolia’s external position.

https://ardnews.beehiiv.com/subscribe

Mongolia’s economy, stock market, politics, and mining news delivered first on ArdNews Brief in 5 minutes

One Shark Missed Billions… Another Saw This Coming

Imagine turning down Uber at a valuation of $10 million, only to watch it go public at over $80 billion.

That’s exactly what happened to Mark Cuban… a 799,900% return, gone.

But original Shark Tank investor Kevin Harrington built his career doing the opposite: spotting asymmetric opportunities before they go mainstream.

Like Uber turned vehicles into income-generating assets, Mode Mobile is turning smartphones into income streams.

They were named the #1 fastest-growing software company by Deloitte and have already helped their users earn and save over $1B.

Kevin Harrington invested early.

And at just $0.52/share, you can still get in before their potential IPO.

Secure shares at $0.52 while the pre-IPO window is still open.

^{Potential Uber return for Marc Cuban does not take into account dilution.}

^{The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period in 2023.}

^{Please read the offering circular at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A Offering.}