Economic Archives - News.MN

Rio Tinto to help Mongolia tackle desertification

Rio Tinto Ltd on Friday signed an agreement with Mongolia’s environment ministry to address climate change and desertification issues in the country where the global miner operates the massive Oyu Tolgoi copper mine.
Between 2022 and 2026, the Anglo-American miner’s local

Mongolia raises the policy interest rate to 10%

The Central Bank of Mongolia  decided to increase the policy interest rate by 1 percentage point to 10% on the existing basis. The decision is aimed to stabilize the inflation expectation of Mongolia in the medium term, promote the internal

Green hydrogen production project in the Gobi Desert of Mongolia

Elixir Energy Ltd  was as much as 30.44 percent higher on entering a memorandum of understanding (MoU) with Japanese renewable energy company SoftBank Energy Corp to cooperate on research and development for its green hydrogen production project in the Gobi

Mongolia plans to buy at least 24 tons of gold in 2022

The Bank of Mongolia  purchased six tons of gold from legal entities and individuals in the first five months of this year. The bank’s average gold purchase price was MNT 193,114 per gram as of May.

Due to the COVID-19 pandemic

Mongolia to create 3,000 new digital jobs for youth and women

The World Bank Board of Executive Directors today approved a credit of USD 40.7 million from the International Development Association  to help Mongolia improve online public services to citizens and businesses, boost digital skills training, and increase digital-enabled jobs.

The Smart Government