Economic Archives - Page 6 of 18 - News.MN



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Mongolian VAT Lottery winner to take MNT 225 million

In the VAT Lottery Draw held on January 20th, one person won the jackpot of MNT 225 million (over $84,000).  Although it has not been confirmed, one source says that the winner is an elderly person from the Bayangol District

Plastic bag fines to be enforced in Mongolia

Fines of up to MNT 1 million will be enforced in Mongolia from 1 March, 2019 for producing, selling or even using plastic bags. The Mongolian Cabinet decided in June to ban plastic bags nationwide with a thickness of less

More flights between South Korea and Mongolia

Another South Korean airline will be allowed to operate flights to Mongolia, ending Korean Air’s three-decade monopoly on the route.

Korean and Mongolian aviation officials agreed after a series of meetings on Wednesday and Thursday to allow multiple carriers to fly

Mongolia’s population to reach 5 million by 2045

The National Statistics Office has forecasted that Mongolia’s population will reach five million by 2045. The experts at the NSO claim that they estimated correctly when they said that Mongolia’s population would reach three million in 2015. In that year,

Taxi fares to rise in Ulaanbaatar

Ulaanbaatar City Transport Department has announced that taxi fares will increase from 1 February. The fares will cost MNT 1500 up to the first km and MNT 1000 from the second km.

Mongolia’s industrial output increases by 21 percent

Mongolia’s 2018 industrial production increased by 21 percent from the previous year, reaching about USD5.9 billion, according to the National Statistics Office.

Output of the main products of the mining and extractive industries was up by 19.6 percent, making it the

Mongolian currency rate weakens against CHY and USD

The exchange rate of Mongolia’s national currency, the tugrik, against the the US dollar weakened by 8.4 percent, and against the Chinese yuan by 3.8 percent year-on-year in 2018, official data has revealed.

According to statistics, at the end of 2018,

Mongol Bank issues silver coin celebrating the Year of Pig

The Central Bank of Mongolia or Mongol Bank has issued a silver coin to celebrate the traditional Year of the Pig.

The commemorative coin, which is marked 10,000 Mongolian tugriks (3.7 U.S. dollars), has a 38.61-mm diameter and contains 31.1 grams