Xinhua: Mongolian currency devalues to 16-month low

The Mongolian tugrik devalued to a 16-month low against the U.S. dollar last week, according to statistics from the Mongolian central bank. The tugrik has been depreciating against the dollar rapidly since August this year. The past four months saw the currency devalue by 9.2 percent, local media reported Monday. To read the full article, click hereMongolian currency devalues to 16-month low

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