Mongolia's forex reserves stand at 2.9 bln USD in November

ULAN BATOR, Dec. 7 (Xinhua) -- Mongolia's foreign exchange reserves stood at 2.9 billion U.S. dollars at the end of November, up 5.3 percent from a month earlier, the country's Ministry of Economy and Development said Wednesday.

However, the volume was down 29.5 percent compared with the same period last year, according to the ministry.

Mongolia must make sovereign bond payments in the coming two years, t