This month’s key highlights include:

🌐 Economic Overview:
⚪️ Mining turnover hit a record ₮2.8 trillion in Q3, supported by rising copper and iron ore prices.
⚪️ Balance of payments showed a USD 4.6 million surplus as exports reached USD 1.4 billion in August.
⚪️ Tugrik remained stable at MNT 3,592–3,594 per USD, backed by record-high reserves of USD 5.6 billion.
⚪️ The 2026 draft budget of ₮33 trillion prioritizes healthcare, education, and infrastructure expansion.

💰 Story of the Month:
State Bank of Mongolia issued its USD 200 million debut international bond (3-year, 8.9%) on the Singapore Exchange — the first long-term placement by a Mongolian SOE in global markets.
Proceeds will fund green and sustainable projects under the bank’s Sustainability Financing Framework aligned with the Mongolian National Green Taxonomy.

📅 Looking Ahead – October 2025:
Key releases: Balance of Payments, Central Bank Review, Foreign Trade, and Mongolia Investment Forum – London 2025 on October 22.

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