Mongolia’s capital account had a profit of USD 116.14 million from January to December 2023. According to the Bank of Mongolia, the balance of payments amounted to a profit of USD 963.5 million at the end of November 2023. This

Mongolian President U.Khurelsukh signed an agreement worth of  USD 1.7 billion investment by French government-owned Orano Mining in October 2023, during his visit to France. The agreement allows Orano to establish Mongolia’s first uranium mining and processing venture. For Mongolia’s

The Trade Development Bank became the first bank to reconnect Mongolia to the global payment system in US dollars.

Mongolia improved its rating by fully complying with 40 FATF recommendations last July. International payments were restored as a result. Previously, a

Mongolia is opening its door to foreign banks for the first time to support its developing banking sector, the country’s finance minister said.
The move will ensure the stability of the banking sector, “increasing access to finance and ensuring sustainable growth

The Cabinet decided to submit the draft resolution of the Parliament on measures regarding the shares of Erdenes Tavantolgoi. The shareholding structure of Erdenes Tavantolgoi JSC should be adjusted to allocate 34% of the total shares to Mongolian citizens. This

Mongolia has achieved its goal of earning 1 billion U.S. dollars from tourism in 2023, reported the country’s Ministry of Environment and Tourism.

As of November, Mongolia welcomed more than 600,000 foreign tourists, and the revenues from the tourism sector exceeded

Mongolia’s foreign exchange (forex) reserves rose to USD 4.3 billion at the end of November, said the Ministry of Economy and Development.

The amount is adequate to cover imports for at least six months.

Due to the deepening of a current account

Mongolia’s central bank purchased a total of 16.1 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 MNT 219,514.35  (USD