Ooluun.B
ooluun@montsame.gov.mn
2025-06-20 04:01:31
National currency rate strengthened amid foreign exchange reserves increase
Mongolian national currency rate against US dollar has been tightened in the last several days. According to the Bank of Mongolia, today, May 29, buy rate of one USD equals to MNT2395, and sell rate equals to MNT2406.50 on the interbank foreign exchange platform.  A few days ago, for example on May 25, buy rate was MNT2405 and sell rate was MNT2411.
2944 days
First ever project to target financial consumer protection underway
The Asian Development Bank established a memorandum of understanding with Bank of Mongolia on realizing financial consumer protection sub-component of Supporting Financial sector development and stability of Mongolia project. Within the project, a study on financial consumer protection was carried-out and a recommendation was released. 
2944 days
Uvurkhangai aimag to establish meat factory jointly with Chinese and US companies
Uvurkhangai aimag is going to establish a meat processing factory jointly with Hai Chuan Group of Guizhou province, China and Jarves Mongolia Company of USA. During Prime Minister J.Erdnebat's visit to China, Governor of Uvurkhangai aimag G.Ganbold signed a memorandum with the parties on establishing the factory and supplying its product to international markets. Governor G.Ganbold was interviewed on the matter.
2944 days
Hero of Labor L.Chinbat elected head of Mongolian National Wrestling Union
General Director of Gatsuurt Company, Hero of Labor L.Chinbat was elected as a head of Mongolian National Wrestling Union with 100 per cent support, during the union’s irregular congress on May 28.
2944 days
Mongolia-Kuwait intergovernmental commission holds its first meeting
The first meeting of the Intergovernmental commission between Mongolia and Kuwait was held on 23-24 May in Kuwait city. Mongolian delegation headed by Head of Cabinet Secretariat J.Munkhbat took part in the meeting, where talks, touching on the development of economic cooperation between the two countries, issues on investment and nonrefundable aid, implementation of joint projects and developing cooperation in cultural and media sector, were held.
2946 days
Border stations to be closed on May 30 and June 01
Border stations of Mongolia and China will be closed on May 30 and June 01. Border stations do not work on the day of Dragon Boat Festival of China and International Children’s day on June 01.   Dragon Boat Festival occurs on the fifth day of the fifth month on the Chinese lunar calendar and the festival of 2017 falls on May 3. International trains and flights will be conducted to their usual schedule.
2947 days
Money supply raised by MNT221 billion
Today, May 26, Bank of Mongolia officials made a briefing on economic changes in April. Money supply to the market reached MNT12.4 trillion, up by MNT221 billion, compared to the same period of the previous month. 53 per cent of the supply is tugrug savings and 19 per cent is foreign currency savings. Foreign currency savings have been dropped constantly over last months due to Tugrig’s exchange rate increase against foreign currency, said a senior officer of Research and Statistics Department of Bank of Mongolia A.Anand.
2947 days
Gandantegchinlen Monastery area to be renovated into tourist zone
Gandantegchinlen Monastery, the center of Mongolian Buddhists, is one of the most visited tourists’ sightseeing in Ulaanbaatar. The capital administration is to establish a tourist complex zone at the monastery area, implementing ‘Gandan Khuree Street” project.
2947 days
Extended Fund Facility's first funding deposited into central bank
On May 25, Minister of Finance B.Choijilsuren and IMF Resident Representative Neil Saker made a briefing regarding the Executive Board’s approval of three-year extended arrangement under Extended Fund Facility (EFF) for Mongolia. 
2947 days
Model hospital building to be constructed by Austrian Vamed Engineering
A new model hospital building with 150-200 beds will be constructed in Songinokhairkhan district by Vamed Engineering company of Austria. The company won the bid of construction and equipment supply of the hospital, which will be built within the Fourth Health Sector Development project. Today, the Ministry of Health established a contract with the Vamed Engineering Company.
2948 days
IMF approves Financial Arrangement for Mongolia
On May 24, the Executive Board of the International Monetary Fund approved a three-year extended arrangement under Extended Fund Facility (EFF) for Mongolia in a total amount of about USD434.3 million to support the country’s economic reform program. Other financing partners, including the Asian Development Bank, the World Bank, Japan, and Korea, have also committed to provide budgetary and project support, and the People’s Bank of China has agreed to extend its swap line with the Bank of Mongolia. In sum, the total financing package amounts to about USD5.5 billion. The Board’s approval of the arrangement enables the immediate disbursement of an amount equivalent to about USD38.6 million. The Executive Board had postponed its meeting on April 28 due to a parliamentary resolution clause on currency transmission of large-scale projects through Mongolian banks. Therefore on May 05, the parliament cancelled the resolution clause.
2948 days
Miyakonojo city delegation meets Parliamentary Speaker
Today, May 24, Japanese delegates from Miyakonojo city, headed by the city Mayor Ikeda Takahisa, who are on a visit to Mongolia at the invitation of Ulaanbaatar Mayor S.Batbold, paid a courtesy call on Parliamentary Speaker M.Enkhbold.  
2949 days
Government debt amounts to MNT20 trillion, below the threshold
As of the first quarter of this year, the Government debt is around MNT20 trillion, comprised of foreign debt of MNT13 trillion, internal debt of MNT5 trillion and Government guaranteed outstanding loan of MNT1 trillion. At the end of 2016, the Government debt totaled to MNT22 trillion, including foreign debt of MNT12 trillion, domestic debt of MNT6 trillion and Government guaranteed loan of MNT3 trillion. 
2949 days
Ticket machines to be available for inter-city transportation
Two ticket machines for Inter-city transportation were installed at Dragon center and at Bayanzurkh passenger transportation center. The Ministry of Road and Transport Development, National Auto Transportation Center  and ‘Metatek’ Company are carrying out test for a month to introduce it to transportation services.
2950 days
Parking complex to be built at entrance to hiking trail of Bogd Khan Mountain
A complex station of car and bicycle parking, bus stop and taxi stand will be built at the entrance to the hiking trail of the Bogd Khan Mountain, Strictly Prohibited Area (SPA), covering 1.2 ha of land. The Bogd Khan Mountain, lies in the south of Ulaanbaatar city is one of attractive traveling areas for Mongolians as well as foreigners.    There are three main routes of hiking trails to the Bogd Khan Mountain, and the busiest route Zaisan-Dugui Tsagaan-Baruun Shireet is occupied by 4000-5000 people during the weekends and 350-400 cars aggregate at the starting point, blocking the area. 
2950 days
Deputy PM attending 5th Global Platform for Disaster Risk Reduction
Mongolian delegation, headed by Deputy Prime Minister U.Khurelsukh is attending the  5th Global Platform for Disaster Risk Reduction in Cancún, Mexico, from 22 to 26 May. The Global Platform for Disaster Risk Reduction, as recognized by the UN General Assembly, is the main forum at the global level for strategic advice, coordination, partnership development and the review of progress in the implementation of international instruments on disaster risk reduction. It was established in 2006 and is now the world's foremost gathering of stakeholders committed to reducing disaster risk and building the resilience of communities and nations. Over 5000 representatives of governments, international organizations and civil society including some prime ministers, member of parliaments, and UN high ranking officials are attending the conference.  
2950 days
Salary loan interest lowered for doctors and teachers
Doctors and teachers of state-owned medical institutions, schools and kindergartens now can get salary loan with 18 per cent interest rate and without additional fee, while general salary loan interest amounts to 21-23 per cent. 
2951 days
First heart transplant performed on animal
A surgical team of the First State Central Hospital, led by Academician N.Baasanjav performed the first experimental heart transplant on an animal on May 19. The hospital is implementing a program to introduce high technology of organ and cell transplantation and this kind of experimental surgeries will be carried on further.
2951 days
Peace Corps to cooperate with Health Ministry in health education project
The US Peace Corps is to implement a new health education project in Mongolia and today, May 19, Director of Peace Corps Mongolia Gene Nixon and Health Minister A.Tsogtsetseg signed a Memorandum of Mutual Understanding to cooperate within the project.  Mr Gene Nixon expressed his pleasure to implement new project with the Government of Mongolia targeted at capacity building of children and youths for enhancing healthy lifestyles and life skills.
2953 days
Government obstacles to businesses to be eliminated legitimately
478 licenses out of 914, that are equired to be obtained by business entities were cancelled to support businesspeople through reducing barriers and red tape and the issue will be improved further by passing a law on Special license, said Minister of Justice and Home Affairs S.Byambatsogt. Today, the minister attended “Business breakfast” organized by Mongolian National Chamber of Commerce and Industry, sharing his views with businessmen on legal environment of businesses and pressing issues.
2954 days
Funds Raised from Bond to Be Allocated for Milk and Dairy Production 10 hours
Smart Greenhouse Complex to Be Established in Ulaanbaatar 13 hours
Thermal Power Stations Instructed to Work under Special Regime 16 hours
Government Discusses Amendments to State Budget at Its First Session 16 hours
Mongolian Writers to Take Part in Beijing International Book Fair 1 day
Mongolian Darts Player Tergel Khurelkhuu Tops the World Rankings 1 day
Prime Minister of Mongolia Appoints Ministers 1 day
Prime Minister Presents Nominees for Members of the Government to President of Mongolia 2 days
Gankhaich Wins Bronze Medal at World Judo Championships 3 days
State Great Khural Members Meet IMF Staff Team 3 days
Mongolian Boxers Win 16 Medals at the World Boxing Cup European Series 2025 3 days
Mongolia Promotes Its Culture at the Festival of Embassies in Prague 3 days
Mongolia to Cooperate with the United Kingdom in the Field of Mineral Resources 3 days
Open-Air Museum to Be Established on the Ruins of Old City of Kharakhorum 3 days
GMIT Celebrates Graduation of Eighth Cohort 4 days
“Mongol-B” Team Wins Gold Medal at the World Rapid and Blitz Team Championships 4 days
General Department of Taxation Awarded Silver Gender Equality Seal 4 days
Young People with Disabilities Launch Advocacy Campaign 4 days
This Week in Mongolia 4 days
Reconstruction of Kharkhorin City Begins 4 days
Early Detection for Autism Spectrum Disorders to Be Improved 6 days
Mongolian and International MMA Fighters to Participate in the “Khangarid Cup” 6 days
Uilstuguldur Altankhuyag Appointed Chief of Staff of the Office of the President of Mongolia 7 days
Mongolia-People’s Republic of China Joint Border Commission Agrees on Infrastructure and Security Priorities 7 days
“Chopiniana” and “Paquita” Ballets to be Staged at the Mongolian State Academic Theatre of Opera and Ballet 7 days
372 Athletes Will Receive Ranking Points for the Los Angeles 2028 Olympic Games 7 days
“Morin Khuur” Play Named Best at Baikal Mascot International Theater Festival 7 days
34th Prime Minister Zandanshatar Gombojav Receives Government Seal of Mongolia 7 days
People's Artist E. Amartuvshin Named One of the World's Top Five Opera Singers 7 days
Gold, Mined by Artisanal and Small-Scale Miners of Mongolia to Be Supplied to International Jewelry Companies 7 days
Zandanshatar Gombojav Appointed as Prime Minister of Mongolia 7 days
Student Police to Provide Assistance and Information for Tourists in Ulaanbaatar 7 days
Center of Excellence for English Language Teaching Opens in Ulaanbaatar 7 days
FIDE World Rapid and Blitz Team Chess Championships 2025 Underway 7 days
Standing Committee on State Structure Approves Proposal to Appoint Zandanshatar Gombojav as Prime Minister 7 days
President of Mongolia Submits Proposal to Nominate Zandanshatar Gombojav as Prime Minister of Mongolia to Parliament 7 days
Construction Work on 41 Hectares of Selbe Sub-Center Project Open for the Private Sector 8 days
Asia Folk 2025 Festival to Be Held for the Seventh Year in Ulaanbaatar 8 days
Lawyer Robert Painter: “It’s a Joy to See the T-Bataar Back Home and Smiling Happier Than Ever” 8 days
“Khasyn Khuleguud” Team Advances to the Semifinals of the Basketball Champions League Asia 2025 8 days
Asia Reference Center for Election Observation to Be Established in Mongolia 8 days
Mongolia Participates in the 113th Session of the International Labor Conference in Geneva 8 days
Draft Law on Amendments to the Law on the State Great Khural Submitted 8 days
Playtime Festival to Welcome 100,000 Attendees 8 days
Mongolian Boxers Claim Twelve Medals at World Boxing Cup European Series 2025 8 days
Mongolia Celebrates Buddha Day Nationwide 8 days
Mongolian Basketball Team “Xac Broncos” Advances to Basketball Champions Asia Quarterfinals 9 days
Mongolian Judokas to Compete in the 2025 World Judo Championships Depart for Budapest 9 days
“Danshig Naadam - Khuree Tsam 2025” to Be Held on June 27-29 9 days
Ministry of Environment and Climate Change of Mongolia and the Global Land Initiative to Cooperate in Combating Desertification and Land Degradation 9 days
Silver Gerege Discovered on the Territory of Mongolia for the First Time 10 days
Buddha Day: A Day of Compassion, Empathy, and Loving Kindness 10 days
Honorary Reception Commemorating 75 Years of Mongolia-Poland Relations Held 10 days
Contract for the Construction of Gashuunsukhait-Gantsmod Cross-Border Railway Signed 10 days
Aviation Meteorological Center Introduces ISO 9001:2015 Quality-Management System 10 days
MPP Nominates Zandanshatar Gombojav for Prime Minister of Mongolia 10 days
Mongolian Youths to Study U.S. Political Systems Under MUNCEP-2025 10 days
Davaadalai Tumendalai: Solid Construction Waste Can Be Recycled and Put Into Economic Circulation as Gravel and Aggregate 10 days
“Students' Grove” Established at NUM Training and Research Center in Kharkhorin 10 days
Mongolian Chess Players to Compete in the FIDE World Rapid and Blitz Team Chess Championships 11 days
The "Mongolian Gallery" Exhibition Opens in Calgary City of Canada 11 days
The "Czech Villadom" Project to Provide Green Housing for 40 Households Launches 11 days
Legal Regulations Protecting Taxpayers’ Rights and Interests Enforced 11 days
Acting Foreign Minister of Mongolia Receives Non-Resident Ambassador of Oman to Mongolia 11 days
Third State Central Hospital Introduces Surgery for Deep-Seated Brain Tumors 11 days
This Week in Mongolia 11 days
Honorable Mr. Ban Ki-moon Donates MNT 180 Million in Support of the “Billions of Trees” National Movement 13 days
Impressions and Insights of the Distinguished Guests of the Sustainability Dialogue 2025 13 days
Strings of the Soul: Fiddleland Ensemble in Concert 13 days
State Great Khural to Prioritize Strengthening Legislation Against Cybercrime 13 days
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