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Taxi fares to rise in Ulaanbaatar

Ulaanbaatar City Transport Department has announced that taxi fares will increase from 1 February. The fares will cost MNT 1500 up to the first km and MNT 1000 from the second km.

Mongolia’s industrial output increases by 21 percent

Mongolia’s 2018 industrial production increased by 21 percent from the previous year, reaching about USD5.9 billion, according to the National Statistics Office.

Output of the main products of the mining and extractive industries was up by 19.6 percent, making it the

Mongolian currency rate weakens against CHY and USD

The exchange rate of Mongolia’s national currency, the tugrik, against the the US dollar weakened by 8.4 percent, and against the Chinese yuan by 3.8 percent year-on-year in 2018, official data has revealed.

According to statistics, at the end of 2018,

Mongol Bank issues silver coin celebrating the Year of Pig

The Central Bank of Mongolia or Mongol Bank has issued a silver coin to celebrate the traditional Year of the Pig.

The commemorative coin, which is marked 10,000 Mongolian tugriks (3.7 U.S. dollars), has a 38.61-mm diameter and contains 31.1 grams

Japanese Bitcoin miners migrate to Mongolia

Mongolia is attracting Japanese miners for Bitcoin mining. Tokyo-based e-wallet company Ginco has now set up shops in Mongolia’s capital Ulaanbaatar. Ginco has set up two mining firms to be specific. These consist of 600 ‘mining rigs’ and there are

Mongolia’s economic growth set to continue in 2019

The Mongolian economy is on track to exceed previous growth estimates for 2019, according to data from the Asian Development Bank.

A new report from Mongolian Properties indicates the ADB has been forced to revise its growth estimates following the economy’s

Mongolia’s projects for fighting air pollution

The Ministry of Electricity has been implementing two projects for fighting the deadly winter air pollution in the capital Ulaanbaatar. According to Electricity Minister Ts.Davaasuren, , a total of 42 thousand homes in the most polluted districts of Ulaanbaatar are

Fall of Mongolian Tugrik against US Dollar continues

According to the Central Bank of Mongolia’s exchange rates published on 10 January, the Mongolian tugrik stood at MNT 2,666.36 against the US dollar; this represents a fall of MNT 16 in the last four days.

As of 10.30 a.m., today