Having failed to adequately comply with the recommendations of the Financial Action Task Force (FATF), concerning anti-money laundering and counter-terrorism financing measures, Mongolia has been added to the FATF’s grey list along with Iraq, Zimbabwe and N.Korea.
Mongolia attracted over USD 1.3 billion of foreign direct investment (FDI) in the first eight months of 2019, the Central Bank has reported. The number reflects a four percent decrease on the same period last year.
Oyu Tolgoi (OT) has reported its third quarter performance results for 2019. The company achieved an All Injury Frequency Rate (AIFR) of 0.18 per 200,000 hours worked. To reinforce safety culture across its wider community OT is campaigning for safer
The Mongolian capital, Ulaanbaatar, has secured support from the Asian Development Bank and the International Finance Corporation to build 10,000 new energy-efficient homes.
The municipality has signed a Memorandum of Understanding with the banking institutions to implement the Excellence for Design
The total savings of Mongolians reached MNT 13.8 trillion or USD 5.1 billion at the end of August. The figure represents an increase of 18 percent on the same period 2018.
The Bank of Mongolia has launched a national campaign to
The Central Bank of Mongolia – also known as Mongol Bank – has launched its Sinraptor coin as a part of the New Dinosaur Coin Series. The silver 999 coins are 38.61 mm and Gold 9999 coins are 11 mm.
Eight people have died of carbon monoxide poisoning in the ger districts of Ulaanbaatar and 350 have been hospitalized – 220 of them children, following the introduction of “safe” smokeless briquettes as the official alternative to coal. The first deaths
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