Mongolia made payments of around

Mongolia made payments of around

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The rise in exports also improved the country’s foreign exchange reserves, which registered a record high of US$5.5 billion. This milestone is especially significant considering the Bank of Mongolia made payments of around US$1.1 billion in foreign debt. The togrog remained relatively stable against the US dollar throughout 2024. The government’s debt management strategy for 2023–25 stipulates that new foreign securities will be issued solely for the purpose of refinancing existing debt. Following implementation, as well as abovementioned positive changes in the economy, the government’s sovereign bond spread reached the lowest in history — 2.3 per cent — in 2024. As a result, credit rating agencies S&P Global and Fitch Ratings upgraded the country’s credit rating to B+ and B2 respectively, marking the highest rating in the past decade. สล็อตเว็บตรง