Mongolia’s central bank purchased a total of 19.9 tonnes of gold in the first 11 months of this year from legal entities and individuals.
As of November, the Bank of Mongolia’s average gold purchase price had been 197,545 Mongolian tugriks (57.7

The Asian Development Bank (ADB) and the Government of Mongolia inaugurated a grid-connected renewable hybrid energy system in Zavkhan province. The system includes a 5 megawatt solar photovoltaic and 3.6 megawatt-hour battery energy storage system (BESS), along with an advanced

On Sunday (27 November) Prime Minister of Mongolia, L. Oyun-Erdene, opened a major new rail link which will provide a significant boost to the country’s export competitiveness and wider economy as part of the Government’s ‘New Recovery Policy’.

The Zuunbayan-Khangi railway,

Mongolia sends 86% of its exports to China, with coal accounting for more than half of that total, and it is upgrading its infrastructure in the hopes of selling even more to its southern neighbor.

And Mongolia is keen to chip

The U.S. government, through the United States Agency for International Development (USAID), launched a three-year, MNT 7.2 billion ($2.1 million) project to help Mongolian communities prepare for and effectively respond to natural disasters, with a particular focus on adjusting to

“MSM Betastar” LLC, official distributor of over 170 world-renowned premium beverage brands, including Moёt & Chandon, Hennessy, Jack Daniel’s, Johnnie Walker and many others, opens “SOUR”, its first official liquor shop.

A wide selection of both domestic and imported premium brands

Mongolia is keen to chip in, shipping 19 million metric tons of coal to China so far this year, according to the National Statistical Office, already exceeding 2021’s 16 million total.

Government officials want Mongolia to surpass the record 37 million

Mongolia’s inflation, measured as the consumer price index, soared year-on-year by 14.5 percent in October, said the country’s National Statistics Office.

The index rose 1.3 percent from the previous month and 10.9 percent from the start of 2022. The increase is