The
Central Bank of Mongolia and the Ministry of Mining have issued credits
on easy terms to fuel importer companies for the purpose of keeping the
fuel retail price stable. The latest was a 1.3 billion credit with a 3.8
interest per year which was transfer to “Risjan “LLC and “Monsul” LLC
via Khas bank on Tuesday.

The Ministry of Mining and the Central
Bank of Mongolia signed an agreement to issue credit in order to
stabilize fuel prices and launched the “SIFS” subprogram on October
26th.

Within the program the Central Bank has so far issued 83.5
billion MNT to 7 importer companies. Those importers should therefore
be responsible for not increasing retail fuel prices.