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,

Steppe Gold is very pleased to provide an update on the Bankable Feasibility Study (“BFS”) underway for the expansion of the ATO Gold Mine into fresh rock ores with a planned production profile of approximately 150,000oz gold equivalent per year

China’s coking coal imports accelerated in June as Mongolia ramped up coal truck deliveries and seaborne arrivals bounced back, with US imports rising to nearly a two-year high.

China imported 6.26 million tonnes of coking coal in June, up by 31

As of today (29 July), one US dollar is being sold for MNT 2844.58 at commercial banks,while one Euro for MNT 3331.29, and one Russian Rbl for MNT 39.51. The Mongolian Tugrik continues to fall against the US dollar, theChinese

The Research Centre for Economic Policy and Competitiveness has issued reviews conducted on the banks operating in Mongolia. There currently are 12 commercial banks in the country. According to the Central Bank of Mongolia, the most influential banks are the

Mongolia has recorded very few cases of COVID-19, less than 300 as on date, despite its more than 4,000 kilometre porous border with China. However, the country faces a major economic impact from the pandemic, says Tapan Mishra, the UN

Mongolia’s coal exports to China could be poised for growth in the second  half of 2020 after exports registered a significant 63% year-on-year decline over January-May, China’s customs data released late June showed.

However, the key driver would be the price