Today (24 March), Mongolia’s central bank has lifted the country’s key interest rate by 2.5 percentage points to 9 % in a desperate move to halt the home currency’s decline amid Russia-Ukraine crisis.

Four days after Russia invaded Ukraine on February

In February, The Bank of Mongolia (BoM) purchased 795.3 kg, raising the BoM’s total precious metal purchase of 2022 to 2.4 tons. The figure shows an increase of 464.6 kg as compared with the same period of the previous year.

China’s COVID-19 policy has severely affected Mongolia’s economy as it is “disproportionally dependent on its biggest foreign trade partner Beijing”, said a Canada-based think tank. As the world enters the third year of the COVID-19 pandemic, Mongolia’s economy has been

Rio Tinto has launched a USD 2.7 billion bid to assume full ownership of the Canadian company that owns 66 percent of the giant Oyu Tolgoi copper project in Mongolia.

The Anglo Australian miner has offered CAD 34 a share to

Los Angeles, CA, USA – The Project Godsend production team recently met in Los Angeles and exchanged opinions with Mr. Tsagaan Puntsag (Steppe Arena) on the positive impacts a major Hollywood-Mongolia collaborative film project would have for Mongolia and how

Mongolia has long set a goal to transform from an energy importer to an exporter. However, it remains unable to meet its domestic needs to date. In fact, the country needs to stop being depend on others in terms of

Following the effort in 2021, early in 2022 Oyu Tolgoi LLC reached new agreements with the Government of Mongolia to enable the commencement of caving operations at OT. This action is an essential step in unlocking the full economic potential

The purchase of gold by Mongolia’s central bank was 2,122.9 kg from the beginning of the year, which represents an increase of 6.7 percent compared to the same period of the previous year.

As of February 18-24, the country exported a