Mongolia’s Central Bank decided today (20 December) to leave the benchmark interest rate unchanged at 11 percent for the third time. The policy interest rate was increased to 11 percent in November 2018.

The bank decided to keep the national exchange

Mongolia’s foreign exchange reserves are expected to reach 4.2 billion U.S. dollars by the end of this year.

Currently, the Central Bank of Mongolia, or Mongol Bank, has a total of 4 billion U.S. dollars of foreign exchange reserves. The figure

MIAT Mongolian Airlines is set to receive its first Boeing 787-9 aircraft. It will enable the Ulaanbaatar-based airline to fly to European and North American cities, opening up a whole raft of new possibilities for intrepid travellers. The aircraft will

The Mongolian government on Wednesday imposed a 12-month ban on the issuing of licenses for mineral exploration. ‘The ban is part of the government’s efforts to create responsible mining, explained officials. Currently, there are 2,889 active mining licenses.

During the term,

Mongolia isn’t a country commonly associated with luxury. But some of the world’s biggest luxury brands are betting on it. Chinese consumers are the trump cards Mongolia is counting on.

For years, Mongolia’s economy has depended on mining — in particular

Mineral-rich Mongolia’s first oil refinery is under construction in the southeastern province of Dornogovi, with an expected date of commissioning in late 2022.

As of 15 December, Mongolia has extracted a total of 6.39 million barrels, or 867,100 tons, of crude

Mongolia received a total of USD 1.56 billion in foreign direct investment (FDI) in the first 10 months of this year. The figure was down 6 percent compared with the same period last year, said B.Batmunkh, director general at the

‘The steady increase of Mongolia’s coking coal output will keep supporting the country’s coal exports, but the transportation bottleneck will likely remain over the near term,’ said Xiao Jiahua, Deputy General Manager of the Energy Sources Business Centre at the