Mongolia Interest Rates

A landlocked country in east Asia, the Mongolian economy has a population of 2.75 million (Census 2010) and ranks 135th in the world according to its GDP PPP. Its GDP PPP was 13.26 billion and GDP PPP per capita was 4,744 vs 48,387 (United States) according to the IMF in 2011. From the CIA.gov website which indicates that its inflation was 9.5% in 2011 and 10.2% in 2010.

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Mongolia Banks

Showing rates for 5 Bank deposit providers in Mongolia.
Provider Branch Founded Ownership
Khan Bank Khan Bank 520 1991 Foreign
Capital Bank Mongolia Capital Bank Mongolia 63 1998 Local
Capitron Bank Capitron Bank 22 2001 N/A
Credit Bank Mongolia Credit Bank Mongolia 1 1998 Foreign
Chinggis Khaan Bank Chinggis Khaan Bank 2001 Local

Mongolia Discussion Activity

  • Khan Bank - Deposits - Khan Bank 1 Year Term Deposit
    Q: I am Malaysian, I would like make enquiry below : 1. Can Malaysian open term deposit account in Mohgolia? 2. What is the requirement ? 3. What is the latest term deposit rate which applicable to Malaysia? 4. Is there any capital tax involved? Thanks

    Reply Amanda from Malaysia
  • Credit Bank Mongolia
    Q: Hi I am in Singapore. I want to deposit 50,000 SGD in fixed Deposit for one year.. Pls let me know the procedure. Also let me know at the year end how much will I get in my hand? What is the Interest rate?

    Reply Lal from Singapore, Singapore
  • Khan Bank
    Q: What is the requirement for a foreign investor in opening a USD or CAD term deposit at your bank?

    Reply Octavia from Canada
  • Khan Bank - Deposits - Khan Bank 1 Year Term Deposit
    Q: Hello if I deposit $100.000 Australian dollars into your bank account what saving interest rate would I receive in that year what penalties would I encounter if I took out after a year would I get better interest accumulated in two years would it be better if I deposited for5 year and what would the return on that amount of Monie would I receive looking forward to hear back cheers

    Reply Nicholas from Melbourne, Australia
  • Deposits
    Q: IS it possible to open an account on a tourist visa with a US passport?

    Reply Jim Ringwood from United States
  • Khan Bank - Deposits - Khan Bank 1 Year Term Deposit
    Q: How does a U.S. citizen living in the United States arrange to deposit $1,000 in a Khan Bank 1 year term deposit, yielding 15.10%?

    Reply Brien from Herndon, United States
    • R: 15.10% is for MNT (Mongolian local currency). For USD, 1year deposit gives 6% interest. For foreigners, capital gain tax is 20%.

      Reply Bold
    • R: Hi Brien, You will not get 15.10% on USD, that rate is for tugrug (local currency). The USD rate is 2.4%.

      Reply Sarnai
      • R: tHE CAPITAL GAIN TAX FOR FOREINGERS IS ALWAYS 20 PERCENT?

        Reply Pieter