Mongolia continues to strengthen its economic standing as Mongolia’s foreign currency reserves reach USD 5.2 billion. The announcement came during the Cabinet session held on April 16, 2025. Finance Minister Javkhlan Bold presented the update, highlighting the latest figures in export performance and currency growth.
The government’s Working Group has been actively implementing the “Comprehensive Measures to Increase the Export of Mining Products and Increase Mongolia’s Foreign Currency Reserves.” These efforts stem from a resolution passed on March 19, 2025.
This past week, export revenues rose to USD 278 million, showing a 17 percent jump compared to the previous week. Coal exports played a leading role in this increase. Exported coal volumes grew by 25 percent, reaching 1.9 million tons.
At the Gashuunsukhait border port, coal exports to China gained momentum despite large stockpiles. Additionally, the Shiveekhuren border port recorded 758,000 tons of coal exports, the highest weekly figure this year. Meanwhile, the Khangi port saw a drop. Coal exports there totaled 1.1 million tons, marking a 32 percent decrease compared to the same time last year.
In response to the dip at Khangi, the Working Group is launching targeted actions to boost volumes again. These include port capacity upgrades and logistics improvements.
The Mongolian Mining Exchange had a record week as well. It traded 480,000 tons of coal, the highest volume so far this year. Exports of copper concentrate reached 42,000 tons, rising two percent. Iron ore exports also jumped 14 percent to 177,000 tons.
As of April 15, Mongolia’s foreign currency reserves increased by over USD 230 million in just one week. This significant rise reflects the country’s successful push in mining exports.
To support continued growth, the Cabinet approved new measures. These include plans to allocate land in border zones and green channel areas. Officials believe this will improve port infrastructure and increase coal export capacity.
The Working Group also pledged to introduce more strategies aimed at sustaining momentum. These plans will focus on stabilizing logistics and expanding border operations.
With sustained government focus and growing global demand, Mongolia’s foreign currency reserves are expected to continue their upward trend. The nation’s leadership remains committed to long-term stability through strong export policies and infrastructure development.
