Central bank gives monthly statistical updates
On February 25, the Bank of Mongolia provided the latest updates on the monetary and financial market statistics as of January 2021.
PM holds meeting with representatives of tourism industry
Today, February 25, Prime Minister L.Oyun-Erdene together with five Cabinet Ministers held a meeting with representatives of tourism industry, discussing pressing issues and exchanging views on how to continue further operations of the sector.
Governor of BoM receives IMF Resident Representative
Governor of the Bank of Mongolia (BoM) B.Lkhagvasuren received yesterday Resident Representative of the International Monetary Fund (IMF) for Mongolia Mr. Seok Hyun Yoon.
Belarus to supply equipment necessary for spring crop planting
Minister of Food, Agriculture and Light Industry, Mongolian co-chair of Mongolia-Belarus Intergovernmental Commission for trade, economic, scientific, and technical cooperation Z.Mendsaikhan held an online meeting with Minister of Industry of the Republic of Belarus, Belarusian co-chair of the commission Parkhomchik Petr Aleksandrovich.
PM L.Oyun-Erdene: Giving out loans with 3 percent interest will greatly support business owners
Yesterday on February 23, Prime Minister L.Oyun-Erdene became acquainted with the operations of entities that have resumed normal operations after getting the first dose of COVID-19 vaccine - ‘AstraZeneca’.
AmCham’s February Monthly Meeting focuses on transparent governance
On February 23, the American Chamber of Commerce (AmCham) in Mongolia held its February Monthly Meeting virtually, with guest speakers Minister of Home and Justice Affairs Kh. Nyambaatar and U.S. Ambassador to Mongolia Michael Klecheski.
Performing loans drop by 9.2 percent compared to previous year
At the end of January 2021, the total amount of outstanding loan to enterprises and individuals amounted to MNT 17.2 trillion, increased by MNT 25.0 billion (0.1%) from the previous month, but decreased by MNT 844.7 billion (4.7%) from the same period of the previous year. In the total outstanding loans, MNT 8.7 trillion (50.6%) was individual loans.
National currency in circulation reaches MNT 1.0 trillion
The national currency in circulation reached MNT 1.0 trillion at the end of January 2020, increased by MNT 15.2 billion (1.5%) from the previous month, and increased by MNT 168.9 billion (20.2%) from the same period of the previous year.
Finance Minister discusses development cooperation with EU Ambassador
Minister of Finance B.Javkhlan held a meeting with Ambassador Extraordinary and Plenipotentiary of the European Union to Mongolia Traian Hristea on February 22.
MNT 200 billion disbursed to commercial banks
According to the Monetary Policy Committee's decision to provide long-term repo financing of MNT 250 billion in the first quarter of this year, a total of MNT 200 billion was disbursed by the Bank of Mongolia to Khan, Trade and Development, Golomt, Khas, Transport Development, Bogd, Capitron and Credit Bank yesterday.
Revenue from air transport decreases from previous year
The revenue from air transport decreased by 69.0 percent from the same period of previous year
25 companies to pay MNT 78 billion in dividends
In accordance with Mongolia’s Company Law, a joint stock company’s board of directors must resolve matters regarding the distribution of dividends within 50 days of the end of a financial year and submit the report on dividend distribution to the Financial Regulatory Committee.
Khan Bank named Bank of the Year 2020 of Mongolia by The Banker Magazine
Khan Bank has been named the Bank of the Year 2020 of Mongolia by The Banker, a magazine, headquartered in London that recognizes the top financial institutions in the world.
Financial Stability Council convenes
The first and quarterly meeting of the Financial Stability Council was held in two stages on 1 and 16 February.
Gross industrial output increased by 35.8 percent in January
By preliminary results of January 2021, the gross industrial output reached MNT 1.6 trillion, increased by MNT 415.9 billion (35.8%) from the same period of the previous year.
No passengers transported by rail in January due to COVID-19 strict quarantine
In January 2021, 2.6 million tonnes of freight were carried by railway transport and increased by 180.0 thousand tonnes (7.4%) compared to the same period of the previous year.
Securities worth MNT10.6 billion traded at national stock market
In January 2021, 60.7 million pieces of securities worth MNT 10.6 billion were traded at the national stock market, showing an increase of MNT 6.4 billion (2.5 times more) and 46.0 million pieces of securities (4.1 times more) compared to the same period of the previous year.
Inflation rate stands at 2.4 percent in January
In January 2021, the consumer price index at the national level rose by 1.0% from the previous month and increased by 2.4% from the same period of the previous year.
Agriculture Minister attends IFAD Governing Council session
The 44th session of the Governing Council of United Nations International Fund for Agricultural Development (IFAD) was held on Zoom on February 17-18.
Mohammad Faisal Al-Mutairi: Transportation is the main problem in the expansion of Mongolia-Kuwait trade