Time deposit in domestic currency grows by MNT 3.7 trillion
At the end of August 2021, the time deposit in domestic currency amounted to MNT 15.1 trillion, decreased by MNT 130.4 billion (0.9 percent) from the previous month, and increased by MNT 3.7 trillion (32.9 percent) from the same period of the previous year.
Views exchanged on transport of fuel from China
On September 21, Deputy Prime Minister S.Amarsaikahn, Minister of Finance B.Javkhlan, and Minister of Mining and Heavy Industry G.Yondon held a meeting with Ambassador of the People’s Republic of China to Mongolia Chai Wenrui to discuss the matter regarding the transport of fuel.
ADB forecasts 4.6% growth in Mongolia in 2021 backed by accommodative policies
Mongolia’s economic rebound continues in 2021, driven by strong recovery in the People’s Republic of China, robust export demand, and increased private outlays, says a new report by the Asian Development Bank (ADB).
Deputy PM meets authorities of Istanbul Industry and Trade Free Zone
Deputy Prime Minister S.Amarsaikhan on September 19 had a meeting with authorities of Istanbul Industry and Trade Free Zone of Turkey to discuss cooperation.
Central bank decides to maintain policy rate at 6 percent
The Monetary Policy Committee (MPC) of the Bank of Mongolia held a scheduled meeting on September 16, 2021.
Attention to be paid on accelerating flow of goods through Mongolia-China border checkpoints
Deputy Prime Minister S.Amarsaikhan is attending the 20th Meeting of the Council of Heads of Member States of the Shanghai Cooperation Organization that is taking place in Dushanbe, Tajikistan on September 16-17.
Deputy PM works at Altanbulag free trade zone
On September 15, Deputy Prime Minister S.Amarsaikhan became acquainted with the works being carried out at the Altanbulag free trade zone in Selenge aimag, and made the decision to take certain measures to accelerate the operations of the border checkpoint.
Mongolia-China border checkpoints to operate as normally during holidays
As according to the agreement established between the Government of Mongolia and the Government of the People’s Republic of China on border checkpoints and its regime, a decision has been made concerning the operations at the Mongolia-China border checkpoints for the rest of the year.
Central bank organizes first consultation meeting on the draft of the Monetary Policy Guidelines for 2022
The Bank of Mongolia organized the first consultation meeting on the draft of the Monetary Policy Guidelines for 2022, focusing on inclusive growth and climate and sustainable financing. Representatives from about 20 organizations, including the Parliamentary Standing Committee on Economics, Standing Committee on Environment, Food and Agriculture, Cabinet Secretariat Office, Ministry of Finance, Ministry of Environment and Tourism, Ministry of Health, National Development Agency, Financial Regulatory Commission, World Bank, Asian Development Bank, International Finance Corporation, UNDP, UNICEF, Mongolian Bankers Association and Mongolian Sustainable Finance Association participated in this consultation meeting.
Chinese Ambassador expresses support for works to bring cross-border transport and logistics to a new level
On September 10, CEO of ‘Erdenes Mongol’ LLC D.Khayankhyarvaa held a meeting with Ambassador of the People’s Republic of China to Mongolia Chai Wenrui.
Ts.Enkh-Amgalan: We have received an order for a thousand soccer balls made of yak leather certified by ‘Responsible Nomads’ standard from Switzerland
The Swiss Agency for Development and Cooperation (SDC) in Mongolia and the Ministry of Food, Agriculture and Light Industry of Mongolia have finished implementing the ‘Green Gold and Animal Health Project’. We interviewed Project Manager Ts.Enkh-Amgalan on the project results.
Mongolia’s capital market capitalization reaches highest level
Despite significant challenges facing Mongolia's economic and financial markets amid the COVID-19 pandemic over the past two years, market capitalization, trading volumes, and index have all recently reached historically high levels.
Feasibility study on free trade agreement between Mongolia and EEU to be accelerated
Ambassador Extraordinary and Plenipotentiary of Mongolia to the Russian Federation D.Davaa had a meeting with Andrey Slepnev, Member of the Board – Minister in charge of Trade of the Eurasian Economic Commission, on September 6.
Suu JSC joins Blue Ribbon Programme
On September 6, the EBRD welcomed Suu JSC to the ‘Blue Ribbon’ programme. By joining the programme, Suu JSC will receive an international and local advisory services specifically tailored for them.
Discussion on draft ‘Basic guidelines for 2022 State Monetary Policy’ held
Ulaanbaatar /MONTSAME/. The first discussion on draft ‘Basic guidelines for 2022 State Monetary Policy’ was organized by the Bank of Mongolia on September 6.
EBRD and Khas Bank support Mongolia’s dairy producer Suu Milk
The European Bank for Reconstruction and Development (EBRD) and the local lender Khas Bank are contributing to the development of dairy farming and processing in Mongolia by supporting the expansion of the country’s leading dairy company Suu Milk.
BoM purchases 1.9 tons precious metals on August
Ulaanbaatar /MONTSAME/. On August 2021, the Bank of Mongolia purchased 1.9 tons of precious metal, raising the BoM’s total precious metal purchase of 2021 to 12.9 tons.
ADB partnership with Mongolia to focus on recovery from COVID-19 for inclusive and sustainable growth
On September 6, the Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Mongolia covering 2021–2024 to help the country recover from the coronavirus disease (COVID-19) pandemic and lay resilient foundations for inclusive and sustainable growth.
Revenue of hotel industry decreases by 18.1 percent
Ulaanbaatar/MONTSAME/. In the first half of this year, the hotel industry revenue reached MNT 62.7 billion, showing a decline of MNT 13.9 billion or 18.1 percent, compared to the same period of the previous year.
B.Turmunkh: I illustrated 60 pieces for the updated version of ‘The Secret History of Mongols’
D.Sumiyabazar: Law on Legal Status of Ulaanbaatar City has been successfully amended after 27 years
P.Khaliun: I believe the relations between two countries will soon reach strategic partnership