Economic Archives - Page 56 of 96 - News.MN

Helping Mongolia to get out FATF Grey List

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

Mongolia and China extend currency swap agreement

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

Mongolia exports 3000 tonnes of horse meat to China

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 plans production of 150,000oz gold per year

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

Mongolia’s coal exports to China reach 2 million tonnes

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

Central Bank of Mongolia sells USD 615 million

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

Revenue of big Mongolian banks falls amid coronavirus lockdown

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

UN: COVID-19 means development setbacks for Mongolia

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