MongolBank or the Central Bank of Mongolia announced on Wednesday that its monetary policy council has decided to keep the benchmark interest rate unchanged at 6 percent.

In addition, inflation is expected to be around the target rate of 6 percent

Mongolians are set to “enjoy” the hottest day of the year so far on Sunday (27 June) with temperatures hitting highs of 39C; it is expected to feel even hotter in some places! The Gobi will be truly roasting as

Mongolia is struggling to bring the coronavirus pandemic under control, with almost 500 COVID-19 deaths so far. In a country of just 3.3 million, this is very worrying.

Golomt Bank of Mongolia secured a USD 10 million loan with a tenor of five years from International Investment Bank (IIB) on 10 June 2021. Golomt Bank plans to utilize the loan proceeds to finance the SMEs, the projects with

Originally scheduled to open in 2016, the Khushig Valley International Airport is now, finally, ready to open. According to officials, the airport is planning to conduct its first flight; this will be a direct MIAT, Mongolian Airlines flight enroute Ulaanbaatar-Tokyo-Ulaanbaatar

As of today (22 June), 459 Mongolians have died of Covid-19; 176 of them in June alone! Wrong decisions made by the authorities are being blamed for the worsening Covid-19 situation in Mongolia. Public health and the economy are challenged

The Covid-19 pandemic in Mongolia is worsening day by day as the death toll reaches two digits and more young people are now dying of the virus.

Today (22 June), Mongolia confirmed 2231 new cases of coronavirus, bringing the total number

Mongolia’s national consumer inflation reached 6.2% in May, up by 0.7% m/m, according to the country’s national statistics office.

Inflation was 5.6% in April.

The increase was affected by the increased price of consumer goods such as imported alcoholic beverages and tobacco

Yesterday (20 June), the number of Covid-19 cases in Mongolia surpassed that of China as the country of three million confirmed 2400 new COVID-19 cases, bringing the total confirmed cases to 91,551.

Today (21 June), Mongolia added another 2,268 new cases

Since June, daily covid-19 cases confirmed in Mongolia have soared to 2000. Therefore, many foreign countries have added Mongolia to their list of countries with banned or restricted arrivals.

For example, Irish Minister for Health Stephen Donnelly has announced his intention