Mongol Bank officials have said that a part of its foreign currency reserve is always in the form of gold. A decision to buy more gold, or to dispose of the stock, is taken on the basis of the movement

Mongolia will lease 10,000 hectares of land in Laos to grow rice, according to a decision taken at the last meeting of the Mongolia-Laos intergovernmental commission in Vientiane. This will help Mongolia meet its domestic demand and reduce imports.                                                                                                               

The World Bank Group has welcomed a decision to allocate Mongolia,
Ethiopia, and Niger a total of USD97 million in grants from a
multi-donor trust fund set up to help the world’s poor developing
countries to help themselves boost agricultural

The Ministry of Education, Culture and Science has revealed that Mongolia received USD29 million as a non-repayable grant from the World Bank for its project on public education. The money has been used to repair 60 secondary schools, 25 hostels

Minister of Education, Culture and Science Yo.Otgonbayar answers questions relating to UNESCO including in its heritage list three Mongolian items.     Just what did UNESCO decide?    The organization is meeting in Nairobi to discuss non material cultural heritage. It unanimously

The Standing Committee on the Economy yesterday discussed the law drafts on the Treasury and Banking, with Minister of Finance S.Bayartsogt and Mongol Bank President L.Purevdorj answering members’ questions. The two, however, frequently disagreed with each other. Purevdorj felt the

The Standing Committee on the Economy yesterday discussed two energy-related issues before deciding to send them to Parliament for discussion. The first of these was the location of the fifth power station. The Mayor’s Office wants it to be built

The Nippon Fund has been a generous contributor to the development of the Mongolian education and health sectors and its President, Yo.Sasakave, called on President Ts.Elbegdorj. The household first aid project, Vansemberuu, runs in 17 soums of five aimags, providing

Japan’s Minister of Economy, Trade and Industry, Akihito Ohata, called on visiting President  Ts.Elbegdorj and told him of  the Japanese Government’s decision to begin negotiations with Mongolia on an Agreement on Economic Partnership. “This is our Government”s gift to you,

M.Batjargal had to settle for the bronze medal in men’s ushu wrestling (75 kg category) in the Asian Games yesterday after going down to Pakistan’s Ijaz Ahmed 9:1.