The Central Bank reports that money supply (broad money
or M2) at the end of July was 0.6 percent more than at the end of June and 41.2
percent more than in July, 2009. Outstanding loans at the end of July rose

Former state secretary at
the Ministry of Trade and Industry D.Surenkhor has been sentenced to seven
years in jail by the Sukhbaatar district court for abusing his power and
misappropriating MNT91.3 million from the State. However, the amnesty law will
apply in his case

A competition to write
historical plays has been announced to commemorate the 2,220th
anniversary of the Hunnu Empire, the 100th anniversary of the
national revolution for freedom, the 90th anniversary of the
people’s revolution and the 80th anniversary of the Drama Theatre,.
The competition aims

Gymnast G.Erdenebold’s total
score of 15.662 in the vault won Mongolia its second gold medal at the Youth
Olympics in Singapore on August 22.  He
finished 5th in the men”s rings with 13.976 points. He got the right to
participate in the Singapore games

A Japanese-Mongolian
research project called “Script” to study nomadic culture and civilization has
found birch-bark manuscripts in the Khar Bukh ruin in Bulgan province and also
a stone sculpture with inscriptions in the ancient Khyatan script in Dornogobi
province. Both items will be restored.

Ulaanbaatar Mayor
G.Munkhbayar met on Monday with Tom Morgan, founder of the Mongol Rally and
representative of the British Investment Office in Ulaanbaatar. This year some
1,000 racers from 44 countries are participating in the Mongol Rally that began
three weeks ago and will

MPRP Secretary General
U.Khurelsukh answers questions on what happened at the meeting of the party’s
Administrative Board on Monday.

What
were the main issues discussed?

The meeting decided to hold
the party’s 12th conference on September 7. This conference will
then set the date for the

The 30% rise in salaries and
pensions will take effect on  October 30
and will apply to  148,223 government
employees. Parliament has included MNT78.2 billion on this account in the budget.
The money is expected to come from the next installment of the Oyutolgoi
advance

German Minister for Economic Cooperation
and Development Dirk Niebel returned home yesterday after a five-day visit to
Mongolia. During his stay, Niebel met with Prime Minister S.Batbold, Foreign
Minister G. Zandanshatar, Finance Minister S.Bayartsogt and other Mongolian
leaders. He announced that his Ministry would

The Meteorology Institute has warned
people who live near rivers and herdsmen to be careful about floods due to rise
in the water level. The stretch of the Kherlen river in Tov aimag”s Mongonmorit
soum could overflow, as its average level might rise