The Central Bank of Mongolia (Mongol Bank) reported today (5 August) that it had purchased a total of 11.3 tonnes of gold in the first seven months of this year. Purchasing gold is one of the key tools for the

Mongolian crane rental company Sonoforte Group has taken delivery of the first new Tadano All Terrain crane to be delivered in the country with a 220 tonne ATF 220G-5. The two engine, five axle ATF 220G-5 has a 68 metre

Mongolia’s budget deficit currently stands at 9.8 percent of gross domestic product (GDP) amid the coronavirus crisis. According to Finance Minister Ch.Khurelbaatar, in the amendment to the 2020 State Budget, deficit would be MNT 3.8 trillion.

The budget revenue fell by

The Mongolian Cabinet has approved an amendment to the parliamentary resolution and accompanying bills on a package of measures to protect the health and income of people, preserve employment and stimulate the economy during the Covid-19 pandemic.  Accompanying legislation include

Mongolia exported a total of 11.2 million tons of coal in the first seven months of this year, a decrease of 46.4 percent compared to the same period last year, according to official data on Tuesday.

The sharp decline, said the

The International Compliance Association (ICA), a leading professional body for the global regulatory and financial crime compliance community, announced a partnership with the Mongolia Compliance Association (MCA) to offer a bespoke e-learning program to 12 professional associations and their 10,000-plus

A currency swap agreement between the Bank of Mongolia and the People’s Bank of China has been extended until 2023

The Bilateral Currency Swap Arrangement of CHY 15 billion or MNT 6 trillion made between the Bank of Mongolia and the

Before the coronavirus lockdown, Mongolia exported 54 thousand tonnes of horse meat to China in 2019. However, exports of horse meat have fallen due to Mongolia closing its border with China in order to prevent the spread of coronavirus. Subsequently,