The DP on Monday demanded the resignation of Mongol Bank President L.Purevdorj, blaming him for the rising prices of gasoline and consumer goods.At a press conference on Tuesday, meanwhile, the Confederation of Trade Unions (CTU), the United Association of Consumer

On January 10, Mongol Bank held a foreign currency auction, selling USD 5.5 million at a rate of MNT 1,410 to one U.S. dollar. Banks tendered to sell USD 2.5 million and to buy USD 5.5 million. The amount sold

Mongol Bank President L.Purevdorj spoke at a meeting of the Standing Committee on Economics on Tuesday. He said Mongol Bank had a foreign currency reserve of USD 2.8 billion, USD 290 million of which has been sold to keep the

After the MPP caucus meeting on Tuesday, Prime Minister and MPP Chairman S.Batbold, caucus chairman U.Enkhtuvshin, and MP Ch.Ulaan spoke with journalists.They said a working group studying rising gas prices presented a report to the caucus. The report found that

The MPP caucus met on Tuesday and discussed rising gasoline prices and the current political situation in the country.During the meeting, caucus chairman U.Enkhtuvshin blamed the rising prices of gas and consumer goods on the political uncertainty caused by the

Additional investigation into the events of July 1, 2008 has been completed and the case has been forwarded to the Ulaanbaatar Prosecutors’ Office (UPO) by order of the State General Prosecutor. Our correspondent spoke about the case with Ye.Sagsai, the

Foreign Affairs and Trade Minister G.Zandanshatar will pay an official visit to China at the invitation of his Chinese counterpart Yang Jiechi from January 11 to 15.G.Zandanshatar will hold talks with Chinese Prime Minister Wen Jiabao, Foreign Affairs Minister Yang

Microbuses raised their fares from MNT 700 to MNT 1,000 last Saturday due to rising fuel prices. Many passengers protested the increase but have no choice but to pay it, since they live far from the routes of large buses.

Rio Tinto named two athletes with hopes of success in the 2012 London Olympics as “ambassador athletes” on Monday. The ambassador athletes are freestyle wrestler G.Mandakhnaran, the champion of the Guangzhou Asian Games, and judo wrestler P.Lkhamdegd, a Grand Prix

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