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The Bank of Mongolia reported that the country’s foreign exchange reserves have reached 7.0 billion USD for the first time in history. The increase in foreign exchange reserves was attributed not only to the monetary policies pursued by the government and the Bank of Mongolia, but also to rising gold and copper prices in the global market. Economists noted that, as a result, the exchange rate between the USD and MNT is expected to gradually ease. Connect with MNB World online! Facebook: https://

ZAMBIA RECORDS US$5.2 BILLION Zambia’s gross international reserves (GIR's) have climbed to a historic high of US$5.2 billion, marking the strongest external buffer ever recorded in the country’s history. GIR's refer to the foreign currency & related assets held by Bank of Zambia to support the kwacha, meet international payment obligations, & cushion the economy against external shocks. The announcement was made by Finance Minister Dr. Situmbeko Musokotwane on the floor of the National Assembly

Foreign Exchange Reserves Windfall: Kenya’s foreign exchange reserves have hit a new record high of Sh1.6 trillion boosted by extra cash from the latest Eurobond sale. CBK says this is the strongest position in the country’s reserves in years. #NTVTonight | NTV Kenya