Mongolia’s foreign exchange reserves have shrunk to USD 2.6 billion U.S. at the end of August, down around USD 1.9 billion from the beginning of this year.

The significant decrease in the forex reserves is largely related to a current account

Khan Bank joined Asian Development Bank’s (ADB) Trade and Supply Chain Finance Program (TSCFP) in 2010 to improve the availability of trade finance products it offers to businesses and traders. Thanks to the program, Khan Bank was able to partner

Small and medium-sized enterprises (SMEs) are important contributors to job creation, innovation, and global economic growth and play a critical role in social cohesion. According to World Bank estimates, 600 million new jobs will be needed to absorb the growing

Today (20 September), the Bank of Mongolia raised the country’s benchmark rate by 200 basis points to 12 percent, the fourth this year, for a total of 600bp of monetary tightening.

The increase brings the policy rate to its highest level

Mongolia has launched a rail line that could help boost coal exports to China to 50 million tonnes a year, ending a decade-long wait for the crossing.

Today (9 September) a ceremony to mark the launch of the rail service between

Mongolia’s first cryptocurrency was ArdCoin, which was issued by Ard Financial Group in January 2019. ArdCoin offered Mongolians the opportunity to exchange ArdCoin for Mongolian tughrik, US dollars or other cryptocurrencies such as Bitcoin and Ethereum. Having a homegrown coin also affords

A US judge said Rio Tinto Plc must face an investor lawsuit accusing the Anglo-Australian mining giant of concealing delays and huge cost overruns at a Mongolian copper and gold mine owned by Turquoise Hill Resources Ltd, in which Rio

South Korea is seeking to strengthen cooperation with mineral-rich Mongolia, to lessen its reliance on China.

South Korean Foreign Minister Park Jin visited Mongolia 28-30 August, and met his Mongolian counterpart B.Battsetseg. During Park’s visit, the two nations agreed to actively