Prime Minister meets vendors at Narantuul Market

2021-03-01 15:03:05

Ulaanbaatar /MONTSAME/. On February 23, the government of Mongolia lifted the coronavirus lockdown measures as part of the emergency level of all-out readiness in Ulaanbaatar and allowed 95 percent of businesses in the capital city to resume their operations in order to revive the country’s economy. 

In connection with this, Prime Minister L.Oyun-Erdene, on February 27, visited the Narantuul International Market – the largest outdoor and enclosed marketplace in Ulaanbaatar and met with vendors engaged in wholesale and retail trading businesses there. 

As the market sellers were required to close their operations for around two months in total, they are happy to reopen and return to normal operations. As said by the sellers, due to concerns over COVID-19 infections and suspension of the inter-city passenger traffic, the Narantuul market has been seeing a low number of customers since reopening. 

The sellers at the Narantuul market expressed their requests to the Prime Minister to pay attention on the increase in exchange rate of foreign currencies, such as USD and CNY, support small businesses with collateral-free loans and to be involved in the 3-year, 3-percent annual interest loan program within the government’s MNT 10 trillion comprehensive plan for health protection and economic recovery. 

While working at the Narantuul Market, PM Oyun-Erdene pledged to work for fulfilling the sellers’ requests gradually, such as to improve the access of loans designed for small businesses. With more than 8,000 vendors operating their shops and stalls, the Narantuul market attracts 100,000-150,000 visitors daily.