A plan by the Mongolian government to repay MNT 776 billion (USD 283 million) of debt owed by its elderly citizens is not in line with the pledges it made in 2017 to secure a bailout deal from the International

Mongolia’s foreign exchanges reserves have exceeded USD 4 billion, according to the Bank of Mongolia (BoM). This is due to an increase in foreign trade revenue and an influx of International Monetary Fund (IMF) financial aid. Foreign trade revenue reached

There is good New Year news for travellers: Mongolia’s national flag carrier MIAT has discounted ticket prices by 15-37 percent to four busy destinations, namely:

The flights between Ulaanbaatar and Seoul have been discounted by 32-37 percent with the cheapest

The Asian Development Bank (ADB) has signed a loan and grant agreement worth USD 80 million with the Mongolian government for promoting health care services.

The funding is intended for the first projects under the programme of Improving Access to Health

Debts totaling MNT 815 billion, granted to pensioners are to be cleared. The National Security Council of Mongolia, chaired by President Kh.Battulga, has decided to write off the loans of all pensioners. The president announced the decision on Tuesday night

Mongolians spend money mostly on food products during the New Year celebration.

According to the latest statistics, one Mongolian household spends an average of MNT 297,590 (about USD 109) on food per month. When the New Year celebration approaches, the spending

The Mongolian economy grew around 7.3 percent year on year in 2019, compared to 1.2 percent in 2016, said Prime Minister U.Khurelsukh in his New Year’s message.

“2019 has been a great year for Mongolia as it has achieved progress in

The UN is now working with the Mongolian state and cashmere farmers to highlight and deliver sustainable cashmere with blockchain.  A pilot with technology provider Covergence.tech used Ethereum-based blockchain technology to interact with over 70 different herders and 8 cooperatives.