Mongolia has raised its monthly minimum wage to MNT 320,000 (129.8 U.S. dollars); this came into effect from 1 January, 2019. The monthly wages of more than 100 thousand people were increased by 33.3 percent.
Earlier today (14 February), Prime Ministry U.Khurelsuhk noted that there is possibility of increasing monthly minimum wage to MNT 420,000 from 2020. This means Mongolia’s hourly minimum wage will reach one US dollar.
Currently, a total of 1.1 million people are employed in the country, of whom about 8 percent receive minimum-wage salaries, according to data released by the National Statistical Office.