Railways cannot meet import needs, letting prices rise - News.MN

Railways cannot meet import needs, letting prices rise

Old News! Published on: 2010.08.02

Railways cannot meet import needs, letting prices rise

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Г. Нэргүй
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Finance
Minister S.Bayartsogt feels the present decision to distribute smaller amounts
on a monthly basis will keep inflation in check. He is confident there will be
more positive news on the economic front. The economy is expected to grow 8%.
The common man, having to pay more for all food items, can only hope his
confidence is not misplaced.


It is not just economic policies that are at fault. Prices go up when demand
exceeds supply. The head of the Financial Market Association, Mr. U.Ganzorig,
has been repeatedly complaining that prolonged shortage of railway capacity has
been responsible for less goods being imported from China, even though traders
on both sides were ready to sell and buy.

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