[Hencredible Casanova]

(01-17-2012 02:14 PM)thegmanifesto Wrote:  

(01-17-2012 01:57 PM)Menace Wrote:  

The rate is 7% for funds denominated in USD and held for 24 months (so this is like a short-term CD). Opening an account for foreigners appears to require a "Valid passport, Employee reference letter OR official letter of settlement in Mongolia." This would appear to rule out people residing outside of Mongolia unless you could somehow procure one of these letters. Anyway, I subscribed to the SM news letter.

So is it 7% or 14%?

14% for 12 months if denominated in Mongolian currency. 7% for 24 months in USD.