Bank of Mongolia - Annual Report 2005

According to the Bank of Mongolia's Annual Report 2005, preliminary estimates put real economic growth in the reporting year at 6.2 percent.

Although the prices of fuel, electricity, thermal energy and foodstuffs increased, annual inflation was maintained at a single-digit level. In 2005, CPI inflation reached 9.5 percent. The Bank of Mongolia successfully raised official foreign currency reserves back to the level prior to the debt payment to Russia. Moreover, the general government fiscal

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