togrogs

The bank has to make the far majority of its loans in U.S. dollars even though its borrowers need Mongolian togrogs, a currency that is extremely volatile because it's so illiquid, says Banzragch Ts of the bank's treasury department.

Microfinance Lenders Seek Ways to Hedge Forex Risks Chana Schoenberger 2011

That forces the bank to make convoluted loans in which it deposits dollars from abroad into a local bank, then switches them for togrogs, and then lends those out to herders.

Microfinance Lenders Seek Ways to Hedge Forex Risks Chana Schoenberger 2011

The bank says Mr. Sodnomdarjaa still owes more than 2.7 million togrogs, or about $1,900.

The Global Downturn Lands 2009

"Everyone says now that we are just taking care of banks 'animals," says Janchiv Nyambuv, a 65-year-old herder who borrowed 500,000 togrogs, or $350, that he must repay in May.

The Global Downturn Lands 2009

Mongolia togrogs/tugriks per US dollar - 1,171 (2003), 1,110.31

The 2004 CIA World Factbook United States. Central Intelligence Agency

Mongolia: togrogs/tugriks per US dollar - 1,097.00 (December 2000),

The 2001 CIA World Factbook United States. Central Intelligence Agency

Mongolia togrogs/tugriks per US dollar - 1,185.3 (2004), 1,146.5

The 2005 CIA World Factbook United States. Central Intelligence Agency

Mongolia togrogs/tugriks per US dollar - 1,187.17 (2005), 1,185.3

The 2007 CIA World Factbook United States. Central Intelligence Agency

As for foreign currency deposits õ¿ðñýí íü ºìíºõ ñàðûíõààñ 50.4 òýðáóì increased by 12.5 percent or 50.4 bln. togrogs òºãðºãººð áóþó 12.5 õóâü ºñ÷, 2007 reaching 452.8 bln. togrogs over the îíûõòîé õàðüöóóëàõàä 76.8 òýðáóì

Recently Uploaded Slideshows 2009

Domestic currency deposits decreased ºìíºõ ñàðûíõààñ 67.9 òýðáóì òºãðºãººð by 6.7 percent or 67.9 bln. togrogs over the áóþó 6.7 õóâèàð, 2007 îíûõîîñ 169.6

Recently Uploaded Slideshows 2009