The government of Mongolia decided to cancel the debt contracted by the Republic of Cuba for the exchange of goods between the two states until 1990.    

The announcement was made during the 4th session of the Intergovernmental Commission for Economic, Scientific, and Technical Cooperation between the governments of Cuba and Mongolia, as ratification of the interest to continue working on the strengthening of bilateral economic relations.

The liquidation agreement was signed on Friday March 22nd, on behalf of the two parties, by the president of the National Bank of Cuba, Rene Lazo, and Mongolia’s ambassador to the island, Otgonbayar Davaasambuu.