Economic Archives - Page 12 of 96 - News.MN

Inflation in Mongolia soared 11.3 percent in April

Inflation in Mongolia, measured by the consumer price index, rose 11.3 percent year-on-year in April, data from the country’s National Bureau of Statistics showed. The increase was mainly due to higher prices for imported goods, especially food.

More than half of

Mongolian Gers are being Exported to the USA and Australia

Mongolian ger, or yurt as it is known worldwide, is attracting many people as eco-friendly, affordable home for off-grid living, glamping and a variety of other purposes such as yoga studio.

Mongolia exports around 1000 yurts a year to China, Russia,

New IMF Resident Representative arrives Mongolia

On 8 May, Finance Minister B.Javkhlan met with newly appointed International Monetary Fund (IMF) Resident Representative in Mongolia Tigran Poghosyan, who is in Mongolia on a two-week study visit.

The sides exchanged views on the current economic situation in Mongolia the intensification

Mongolia’s foreign trade up over 50 percent

Mongolia’s total imports and exports expanded 50.4 percent year on year to USD 7.7 billion in the first four months of 2023.

Mongolia registered a surplus in foreign trade balance as exports exceeded imports by around USD 2.4 billion, mainly due

Mongolia’s gold stockpile risen to 3.2 tonnes

The Central Bank of Mongolia purchased 998.7 kg of precious metals in April, increasing the total volume of purchased precious metals to 3.2 tonnes this year.

The branches of the Central Bank of Mongolia in Bayankhongor and Darkhan-Uul provinces have purchased

Coal seam gas project in Mongolia’s South Gobi Basin

Oil and gas explorer TMK Energy has drilled to a depth of 375m and hit about 60m of coal at the company’s first production well – Lucky Fox-1 – at its coal seam gas Gurvantes XXXV project in Mongolia’s South