Economic Archives - Page 22 of 95 - News.MN

Khan Bank and ICT Group will develop a digital ecosystem for SMEs

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

Mongolia raises benchmark rate to 12 percent

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 bans 21 coins under the Virtual Investor Law

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