Amendments Made to the Regulations for Granting Child Monetary Allowances
Ulaanbaatar, March 21, 2024 /MONTSAME/. At the regular session of the Cabinet on March 20, 2024, amendments
were made to the regulations for granting child monetary allowances.For each child under the age of 14 living
in a specialized orphanage, the orphanage will open an account and deposit the
child's money in the bank. However, for each child aged 14 and older, a current
account will be opened. In this account, 80 percent of the child's money will
be deposited in the bank, while the remaining 20 percent will be managed by the
child. Additionally, this account will be equipped with an electronic card.
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