Economy
BoM purchases 917 kg precious metals in March
In March 2021, the Bank of Mongolia (BoM) purchased 917 kg precious metals.
1661天
EU TRAM project steering committee convenes
The steering committee of the European Union’s Trade Related Assistance for Mongolia (TRAM) project held a meeting at the Ministry of Foreign Affairs on April 1. 
1664天
'All for YOUth, YOUth for all' project training held on 'How to convert your traditional business to online'
Businesses and young entrepreneurs have been exposed to the consequences of the COVID-19 pandemic and it is challenging for the business community to survive with lockdowns, reduced revenues and other issues. Businesses are confronted with less customer interaction and stricter lockdowns in place. Therefore, small and mediums businesses (SMEs) have to adapt their business models to react better this new changing environment.
1666天
Around 2,500 borrowers receive MNT 153 billion of loans to support employment
During its regular meeting held on March 31, the cabinet heard a presentation on the programs to support the country’s economy within the framework of the ‘MNT 10 trillion Comprehensive Plan for Health Protection and Economic Recovery’. 
1666天
Oyu Tolgoi declares force majeure due to delayed copper concentrate shipments to Chinese customers
On March 30, Turquoise Hill Resources Ltd announced that Oyu Tolgoi LLC (“Oyu Tolgoi”) has declared force majeure in connection with customer contracts for concentrate as a result of Oyu Tolgoi shipments of concentrate to its Chinese customers being suspended due to COVID-19 health and safety precautions related to Chinese-Mongolian border crossings. Oyu Tolgoi continues to support the Government of Mongolia’s efforts to work with Chinese officials to resume the shipments of copper concentrate to its Chinese customers as soon as possible.
1667天
Primary market trading order of 'ETT Bond' launches
‘Erdenes Tavantolgoi’ JSC is offering bonds worth MNT600 billion to the public. The Financial Regulatory Committee registered the ETT’s bonds in the securities registry.
1667天
Wool and cashmere factories commit to sustainable textile production
A total of 18 national textile industries have joined to a Voluntary Code of Practice (VCP) for Mongolian sustainable textile production, agreeing for an environmentally-friendly, socially sound, and economically viable production.The Voluntary Code of Practice aims to enhance and ensure a strong sustainability profile of the Mongolian wool and cashmere industry, allowing for better recognition in the global wool and cashmere market and increased sales due to a sustainability performance that stands out against ordinary textiles. 
1667天
Mongolia to produce 55 percent of petroleum consumption domestically by 2024
Mongolia’s annual consumption of petroleum products reaches 1.95 million tons, according to the Ministry of Mining and Heavy Industry. The country is fully dependent on imports to meet this demand, spending around USD 1 billion annually and the petroleum consumption in a year is expected to rise to 2.5 million by 2024. 
1668天
Mongolia-India joint working group convenes
The Mongolia-India joint working group established on the issue of supplying coking coal convened online on March 25.
1668天
Erdenes Tavan Tolgoi JSC bonds issuance approved
According to the CEO order No.A-22 of the Mongolian Stock Exchange dated March 19, 2021 and the FRC Resolution No. 96 dated March 26, 2021, ‘Erdenes-Tavan Tolgoi’ JSC’s bonds with value of up to MNT 2 trillion have been approved for public offering. 
1669天
Talks with Rio Tinto on Oyu Tolgoi project to launch next week
Minister of Justice and Home Affairs Kh.Nyambaatar, who is heading the working group established by the order of Prime Minister of Mongolia to hold negotiations on Oyu Tolgoi issues, has delivered an update on the OyuTolgoi project matters.
1671天
Int’l conference on ‘Financial Literacy Strategy for Micro, Small and Medium Enterprises” held
In cooperation with other organizations, the Bank of Mongolia has been implementing the ‘National Program for Financial Literacy’ since 2016. 
1671天
Bank of Mongolia decides to keep policy rate unchanged
At the scheduled meeting held on March 24, 2021, the Monetary Policy Committee (MPC) of the Bank of Mongolia took into consideration the current state and outlook of the economy and financial markets, as well as the uncertainties and risks inherent in the domestic and external environments
1673天
Loans worth MNT330 billion issued within Comprehensive plan for Health protection and Economic recovery
At the regular meeting of the Cabinet on March 24, Minister of Finance B.Javkhlan presented a report on the progress of the ‘MNT 10 trillion Comprehensive Plan for Health Protection and Economic Recovery’.
1673天
Mongolia’s trade policy reviewed by WTO
Mongolia's trade policies and practices reviewed by the World Trade Organization (WTO) between March 17 and 19.
1673天
Deputy Minister G.Batsuuri works at the factory of Khanbogd Cashmere
On March 23, the Ministry of Food, Agriculture, and Light Industry introduced a project on developing the cashmere sector that was jointly developed with the Mongolian Wool and Cashmere Association.
1674天
Mongolia launches Global Money Week-2021
A ‘Global Money Week’ campaign, being organized by OECD International Network on Financial Education, was launched in Mongolia yesterday, March 22.
1674天
Requirements updated for insurers and insurance intermediaries
Members of the State Great Hural (Parliament) of Mongolia B.Purevdorj and A.Adiyasuren have presented a draft law on Joint Pension to Chairman G.Zandanshatar.
1675天
Mine workers in Umnugobi aimag being inoculated
Last week, Minister of Mining and Heavy Industry G.Yondon worked in Tsogttsetsii soum of Umnugobi aimag together with 4 COVID-19 vaccination team members in connection with the start of COVID-19 vaccine rollout to mine workers.
1676天
Sustainable cashmere production brought to a new level
On March 18, representatives of government officials, herders, herder cooperatives, wool and cashmere factories, international organizations, and project teams held a meeting.
1679天
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