Economic Archives - Page 5 of 37 - News.MN

Friday

2020/02/28

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

UN project helping herders deliver sustainable cashmere

The UN is now working with the Mongolian state and cashmere farmers to highlight and deliver sustainable cashmere with blockchain.  A pilot with technology provider Covergence.tech used Ethereum-based blockchain technology to interact with over 70 different herders and 8 cooperatives.

Huge rise in rail freight transit across Mongolia

The annual number of transit freight trains passing through Mongolia has surpassed 1,000 for the first time.

As many as 1,450 China-Europe freight trains have crossed Mongolian territory since the beginning of this year, according to Ulaanbaatar Railway.

The figure is higher

Mongolia Livestock Commercialization Project

The World Bank’s Board of Executive Directors approved US$30 million in loan financing for the Mongolia Livestock Commercialization Project on December 13, the WB reported. The project will help improve the health and productivity of livestock and increase value of

Belarus to supply fire-engines to Mongolia

Mongolia is to buy 71 fire-engines, along with other much-needed equipment for the National Emergency Management Agency (NEMA), which runs the fire stations across the country. The vehicles will be purchased with a soft loan from the Development Bank of

Mongolia leaves benchmark interest rate unchanged third time

Mongolia’s Central Bank decided today (20 December) to leave the benchmark interest rate unchanged at 11 percent for the third time. The policy interest rate was increased to 11 percent in November 2018.

The bank decided to keep the national exchange

The steady rise of Mongolia’s foreign exchange reserve

Mongolia’s foreign exchange reserves are expected to reach 4.2 billion U.S. dollars by the end of this year.

Currently, the Central Bank of Mongolia, or Mongol Bank, has a total of 4 billion U.S. dollars of foreign exchange reserves. The figure

What To Expect From Mongolian Airlines’ First Boeing 787

MIAT Mongolian Airlines is set to receive its first Boeing 787-9 aircraft. It will enable the Ulaanbaatar-based airline to fly to European and North American cities, opening up a whole raft of new possibilities for intrepid travellers. The aircraft will

Mongolia imposes 12-month ban on the issuing mining licenses

The Mongolian government on Wednesday imposed a 12-month ban on the issuing of licenses for mineral exploration. ‘The ban is part of the government’s efforts to create responsible mining, explained officials. Currently, there are 2,889 active mining licenses.

During the term,