Economy
Money Supply Increases by 10.9 Percent
The money supply (M2) reached MNT 29.7 trillion at the end of January 2023, which increased by MNT 2.9 (10.9%) trillion compared with the same period of the previous year, as reported by the preliminary results. The main reasons for this increase were MNT 2.7 (2.2 times more) trillion increase in the current account in foreign currency and MNT 1.4 (35.7%) trillion increase in time deposits in foreign currency.
983天
Mongolia to Export Organic Products to Europe
Ulaanbaatar, February 24, 2023 /MONTSAME/.  BioFach 2023, the number one exhibition for the organic food industry sector, took place from February 14th to the 17th at the Messe Nuremberg, Germany.
983天
GDP of Mongolia Increased by 4.8 Percent
In 2022, by preliminary estimation of production approach, Gross Domestic Product (GDP) at current prices was MNT 52.9 trillion, which is increased by MNT 9.3 trillion (21.4%) compared to the previous year. GDP at 2015 constant prices was MNT 28.4 trillion, which is increased by MNT 1.3 trillion (4.8%) compared to the previous year.
986天
Monthly Average Household Income Increases by 12.4%
According to the National Statistics Office of Mongolia, in January 2023, the consumer price index at the national level increased by 1.2% from the previous month and by 12.3% from the same period of the last year.
989天
Commemorative Coin Issued for the Year of the Rabbit
The Treasury Department of the Bank of Mongolia has issued a commemorative silver coin, “Year of the Rabbit,” welcoming the Rabbit Year of water.
991天
The First e-Auction Trading of Export Coal
The Mongolian Stock Exchange successfully organized the first e-Auction trading of export coal of “Energy Resources” LLC today. Five lots, or a total of 32,000 tons of washed hard coking coal, have been traded during the trading.
991天
The Bank of Mongolia Introduces New Banknotes Safety Application
The Bank of Mongolia launched a new smartphone application to prevent the forgery of national currency banknotes and to provide awareness and information to citizens and children. The easy-to-use application, which includes Mongolian and English versions, can be downloaded from iOS and Android operating systems and includes interesting cognitive information about the security elements of the banknotes.
991天
Entering to Sandbox has No Time Limit
The revised draft of the Sandbox Regulatory Environment Regulation for Fintech technology-based financial services creates an opportunity to receive requests to enter the sandbox without any time limit.
997天
Is the Graduated Income Tax Fair?
During the last year's World Economic Forum, the Global Association of Billionaires and Millionaires, which has a membership of more than 500 people, called for an increase in taxes on ultra-high earners. The world's tendencies suggest expanding the economy by increasing the social influence of high-income earners.
998天
Import Increases by 23.6 Percent
Ulaanbaatar, February 7, 2023 /MONTSAME/.  Mongolia has imported materials and products worth USD 688 million as of the first month of 2023, a 23.6 percent increase compared with 2022, according to Mongolian Customs General Administration (MCGA).
999天
New Oil Refinery Plant Creates 1000 Jobs
Ulaanbaatar, February 7, 2023 /MONTSAME/ The project of the New Oil Refinery plant included in the “Action Plan 2016–2020” of the Mongolian Government, has started with the soft loan of the Indian Government in Altanshiree soum, Dornogobi aimag.
999天
The 4th Mongolia – US Economic Policy Dialogue Held in Washington
The 4th Economic Policy Dialogue between Mongolia and the United States was held in Washington DC on February 2, 2023. State Secretary of the Ministry of Foreign Affairs of Mongolia N. Ankhbayar and Principal Deputy Assistant Secretary for the Bureau of Economic and Business Affairs of the U.S. Department of State W. Baird co-chaired the dialogue.
1000天
Total Revenue of General Government Budget Increased in 2022
According to the preliminary results by the National Statistics Office of Mongolia in 2022, the total revenue of the general government budget was MNT 18.6 trillion, which increased by MNT 4.3 (30.0%) trillion compared to the previous year. The equilibrated revenue of the general government budget was MNT 17.2 trillion, which increased by MNT 4.5 (35.3%) trillion compared to the previous year.
1000天
Carried Freight by Air Transport Doubled
The 12.9 thousand tonnes of freight carried by air transportation at the end of 2022, and increased by 6.5 (2.0 times) thousand tonnes compared to the previous year.
1003天
BoM Purchases 519.8 kg Precious Metals in January
In January 2023, the Bank of Mongolia (BoM) purchased 519.8 kg of precious metals.
1003天
Training on Open E-Auction for Coal Export
On February 1, 2023, the Mongolian Stock Exchange, the Financial Regulatory Commission, and "Erdenes Tavantolgoi" JSC co-organized training on open online trading for coal export.
1005天
Total Amount of Outstanding Loan Decreases
At the end of December 2022, the total amount of outstanding loans to enterprises and individuals amounted to MNT 22.2 trillion, decreased by MNT 439.5 (1.9%) billion from the previous month while it increased by MNT 1.4 (6.5%) trillion from the same period of the previous year.
1006天
Bank Net Profits Rise
Ulaanbaatar, February 1 /MONTSAME/. The net profit and ROI of the banks listed in MSE increased in 2022. 
1006天
National MNT Credit Cards to be Used in South Korea
The citizens of Mongolia can use their national credit cards in the Republic of Korea, and the Koreans are able to use “BC Cards” in Mongolia.
1006天
National Consumer Price Index Increased by 1.0 Percent
According to the National Statistics Office, the consumer price index at the national level increased by 1.0% from the previous month and by 13.2% from the same period of the previous year as of December.
1006天
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