The Mongolian minimum wage rate will be increased to MNT 1904 per hour or MNT 320 thousand per month from 1 January, 2019. Minister of Labour and Social Protection S.Chinzorig, President of the Confederation of Mongolian Trade Unions Kh.Amgalanbaatar and CEO of the Mongolian Employers’ Federation Kh.Ganbaatar concluded a joint agreement in August to raise the minimum wage. According to Mongolian law, the minimum wage rate must be renewed every two years.

Currently, the minimum monthly wage is MNT 240 thousand, which came into force in January 2017.