ULAN BATOR, Dec. 13 (Xinhua) -- Mongolia's foreign exchange (forex) reserves rose to 4.3 billion U.S. dollars at the end of November, said the Ministry of Economy and Development on Wednesday.
The amount is adequate to cover imports for at least six months, the ministry said in a statement.
Due to the deepening of a current account deficit caused by external and internal economic conditions, the Asian country's forex reserves had shrunk to 2.6 billion dollars in August 2022, hitting the lowest level since 2017, according to the country's central bank.
The country's forex reserves hit an all-time high of 4.9 billion dollars at the end of April 2021. ■