Mongolia’s exports and imports fell in January 2020 due to the deadly coronavirus outbreak in China, which has since spread to 25 other countries. China accounts nearly 95 percent of Mongolia’s import; most of them are car equipment, fuel, chemical

Mongolia’s currency has risen against the Chinese Yuan as the country closes the border with its southern neighbour in a raft of measures to prevent the spread of coronavirus.

Normally, the exchange rate of the Mongolian Tugrik against the yuan weakens

B.Enkh-Amgalan, Minister of Road and Transport Development of Mongolia has met with Belarusian Minister of Industry Pavel Utyupin. During the meeting, he put forward a serious proposal to build a freight train assembly plant in Mongolia in cooperation with the

On Friday (31 January), B.Bayardavaa, Director General of the Monetary Policy Department at the Central Bank of Mongolia presented the economic and financial forecasts for 2020.

He noted that Mongolia’s economic growth has remained high for last three years. For example,

According to officials, the Central Bank of Mongolia is buying and overseeing the refining of silver extracted from the Salkhit mine which is owned by Erdenes Mongol LLC. This silver will be used for repaying the bonds issued by Erdenes

Mongolia traded with over 150 countries in 2019. The volume of trade between China and Mongolia has went up to USD 8.9 billion in 2019, accounting for 64.4 percent of the latter’s total foreign trade.  This information was published on

Minister of Road and Transport Development B.Enkh-Amgalan has held a meeting with H.E. Hiroyuki Kobayashi, Japanese Ambassador to Mongolia and discussed wide range issues including establishing a database of car exports from Japan to preventing the import of crashed or

The Steppe Gold, mining company has become the first company to receive funding from the Mongolia’s National Investment Fund PIF SPV. The company said the fund, managed by a subsidiary of the government’s Development Bank of Mongolia, had subscribed for