According to the preliminary data for April 2025, the total savings in the Mongolian Tugrug have increased by MNT 3.3 trillion. This growth marks a significant rise from the same period in 2024. The total amount of savings by the end of April now stands at MNT 21.9 trillion.
Individuals hold the majority of these savings, amounting to MNT 19.2 trillion. Businesses and organizations account for the remaining MNT 2.8 trillion. This shift shows that people have been saving more in the national currency.
Furthermore, the value of foreign currency savings reached MNT 5.2 trillion. This represents an increase of MNT 874.4 billion compared to last year. Clearly, many Mongolians are also diversifying their savings into foreign currencies.
The total cash in circulation also increased in April 2025. It reached MNT 1.1 trillion, marking a rise of MNT 0.6 billion from April 2024. The data reveals that most of the money supply comes from domestic assets. In fact, net domestic assets make up 88.2 percent of the money supply.
In contrast, net foreign assets make up just 11.8 percent. Net domestic assets rose to MNT 36.6 trillion. This increase reflects a growth of MNT 8.3 trillion compared to last year. On the other hand, net foreign assets decreased by MNT 1 trillion, dropping to MNT 4.9 trillion.
Loans also saw a substantial increase. By April 2025, the total outstanding loan balance reached MNT 39.8 trillion. This is MNT 9.9 trillion higher than in April 2024. Individuals hold the largest share of these loans, accounting for 60.1 percent. Private companies hold 37.1 percent, while government organizations and financial institutions hold smaller shares.
Among the loans, regular loans make up 90.9 percent. Loans requiring attention account for 3.9 percent, while non-performing loans represent 5.2 percent of the total loan balance.
The real estate sector has also seen significant lending activity. The total outstanding balance of mortgage loans in Mongolia is MNT 9.6 trillion. Most of these loans, 97.7 percent, are classified as regular loans. However, a small portion, MNT 139.2 billion, requires attention, and MNT 86 billion are non-performing.
In the currency market, the Tugrug has depreciated against major currencies. The exchange rate against the US Dollar reached MNT 3,541.60, a depreciation of MNT 165.1 compared to April 2024. Similarly, the Tugrug also weakened against the Euro and Russian Ruble. The exchange rate for the Euro was MNT 3,978.76, a decrease of MNT 355.2, and against the Russian Ruble, it was MNT 42.53, a drop of MNT 6.2.
The Tugrug’s exchange rate against the Chinese Yuan stood at MNT 485.09, reflecting a depreciation of MNT 18.7. Overall, despite these depreciations, the increase in domestic savings shows positive trends for the national economy.
