ULAN BATOR, Feb. 5 (Xinhua) -- Mongolia's central bank bought 1.9 tonnes of gold from legal entities and individuals in January 2026, up 50.2 percent year on year.
As of January, the Bank of Mongolia's average gold purchase price stood at 539,587.33 Mongolian tugriks (about 151.3 U.S. dollars) per gram, the bank said in a statement on Thursday.
Purchasing gold is one of the key ways for the central bank to ensure the country's economic stability by consistently increasing foreign currency reserves.
According to the central bank, Mongolia's foreign exchange reserves hit a record high of 7 billion U.S. dollars by the end of 2025. ■
