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The Bank of Mongolia has purchased 22 tons of gold

Date: 2018/12/31

The Bank of Mongolia has purchased 22 tons of gold in 2018 as of December 31st, which is 9.5 percent higher from last year's 20 tons purchase.

The central bank has successfully launched the campaign - "National Gold to the Fund of Treasures" throughout the country from June 4th to October 30th of 2018, to encourage gold miners and individuals to sell gold to banks. Moreover, two precious metal testing laboratories were established in Darkhan-Uul and Bayankhongor aimag provinces, on 15th and 18th of October respectively. As a result, these have positively impacted to increase the gold purchase.