Frontier Fintech Summit 2019 will be held in May
Ulaanbaatar /MONTSAME/ Mongolian Fintech Association, Ministry of Foreign Affairs of Mongolia, Financial Regulatory Commission of Mongolia are co-organizing “Frontier Fintech Summit 2019” under the theme “Fintech Innovation in Frontier Markets” during 4-11th of May.
Cabinet meeting in brief
At its regular meeting on October 3, the Cabinet made the following decisions.
Eight thousand tons of crop harvested
As of September 10, the country has harvested 8.1 thousand tons of grain from 6.2 thousand hectares, 34.5 thousand tons of potato from 2.4 thousand hectares, 23 thousand tons of vegetables from two thousand hectares.
Non Resident Ambassadors present Letters of Credence
Non-resident ambassadors presented their letters of credence to and paid courtesy call on President of Mongolia Khaltmaagiin Battulga on September 17.
Comprehensive actions planned for land reform
The National Committee on Land Reform (NCLR), established by an ordinance of the Prime Minister, held its first meeting on August 20, approving its procedure of meeting and discussing NCLR’s action plan and the draft of general plan of state land organization.
Tribute paid to the statues of D.Sukhbaatar and Chinggis Khaan
On the occasion of the 2227th anniversary of the Statehood, 812th anniversary of the Great Mongol Empire, 107th anniversary of Restoration of Independence, 97th anniversary of the People’s Revolution, 29th anniversary of the Democratic Revolution, and the Mongolian traditional celebration of Naadam festival, President of Mongolia Khaltmaagiin Battulga laid a wreath to the Statue of D.Sukhbaatar, and paid tribute to the Statue of Chinggis Khaan.
International Crane Festival takes place in Khentii aimag
An annual International Crane Festival was organized for the fifth year in the valley of Khurkh of Binder soum, Khentii aimag on June 27.
65 meter long Morinkhuur complex to be built in Umnugobi aimag
A Morinkhuur Complex with a height of 65 meter is to be built in Dalanzadgad soum, Umnugobi aimag.
Khatanbaatar Magsarjav’s sword preserved in Khovd museum
Rare exhibits as the sword of Khatanbaatar Magsarjav that was used in the Khovd liberation from Chinese control in 1912 are preserved in Khovd aimag’s museum.
One of the Nine White Banners kept in Dornogobi museum
One of the eight satellite white banners of the Nine White Banners of Chinggis Khan is kept in the local museum of Sainshand city, Dornogobi aimag. Chinggis Khan and his descendants used to place the eight satellite banners along the border in the symbol of protection.
52.5 kg meteorite kept in Khuvsgul Museum
On the occasion of the International Museum Day Khuvsgul aimag Local Museum presents rare collections of its treasury to public free of charge.
Gobi-Altai local museum displays variety of exhibits
Gobi-Altai aimag Local Museum preserves over 2500 exhibits and antiques in its halls of Minerals, Nature-geography, History-ethnicity, Religion, Traditional crafts, ‘Patriots’ and Ch.Lodoidamba.
Bronze horse of 7-3rd centuries BC preserved in Gobi-Altai museum
A bronze horse of 7-3rd centureis BC preserved in Gobi-Altai museum. A bronze horse belonging to the Early Iron Age, 7-3rd centuries BC, looks similar to ibex figure found in the Minusinsk Hollow of North Siberia, is being kept in the Gobi-Altai aimag Local Museum. The bronze horse was discovered by the museum experts in Jargalant soum in 1965.
Stone mold of 1000-2000 BC- Rare finding of Bronze Age
A stone mold dates back to the Bronze Age 1000-2000 BC is being preserved in the Local Museum of Uvs aimag. The stone mold was found by T.Byambadorj, an employee of the Museum in 1970 from the site of Tsagaankhairkhan soum.
Largest meteorite found in Mongolia preserved in Khentii Aimag Museum
In 1989, a meteorite was found in ‘Zeertiin khondii’ on the frontier of Galshar Soum of Khentii Aimag and Tuvshinshiree Soum of Sukhbaatar Aimag.
The national flag The National Flag shall be divided vertically into three equal parts colored red, blue and red. The three stripes, of identical width, shall be blue for the eternal sky in the middle, and red, the symbol of progress and prosperity, for the two stripes on either side. The Golden Soyombo shall be depicted in the centre of the red stripe nearest to the flag pole. The ratio of the width to length of the Flag shall be 1:2.
Mongolia has taken a rapid, very positive development and been a stable democratic state for over twenty years. The country has made great progress in its transition to a market-based system since 1990. Until then, the economy was based on the strict centrally-planned model adopted almost sixty years earlier. The government launched a series of reforms from 1991, which included a phased liberalization of state controlled prices and tariffs; privatization of state-owned enterprises; and establishment of a two-tier banking system. All sectors of the Mongolian economy are open to foreign investors and foreign investment is protected from nationalization and expropriation. The country is developing policies on responsible mining, renewable energy and ecotourism that place it on a green development path.
Climate change and intensification of negative impacts from human activities caused an increase in environmental pollution, nature degradation, depletion of natural resources, and a rise in the number of threatened and endangered animals and plants species. For example, the air temperature in Mongolia become warmer by +2.1 C degrees in 2010 and about 70 percent of Mongolia’s territory has been affected by desertification processes to some degree. Also, around 5,000 rivers, streams, springs, sources and ponds have dried-up threatening animals and plants with extinction. For this reason, the Mongolian Red Book was updated to protect threatened and endangered animals and plant species
Mongolian customs and traditions have grown as part of the development of central Asian nomadic civilization, passed down from generation to generation. They involve psychology, ethics, science, education, religion and family relationships. As in any other nation, Mongolian customs and traditions have their own specific distinguishing features.Mongolians have always considered childrearing and education to be the primary consideration. There is indeed a language association: the Mongolian word humuujil, meaning to educate, to bring up, is related to the words humuun, meaning human, and humuuniig hun bolgoh, meaning to make a man. Along with a healthy physical upbringing, much attention was traditionally paid to the intellectual and ethical development of a child, even before birth. It was strictly forbidden to frighten a pregnant woman, to make her unhappy or to make her do hard labour. It was also forbidden to pass a pregnant woman when walking, to swear in her presence, or even to speak in a loud voice. Such traditions came from the deep respect given to the unborn child, who might one day become an intellectual, a statesman, or just a faithful person to his family and community. The Mongol saying ‘Holiig ni doroond garyg ganzagand’ translates literally as ‘make the child’s legs reach the stirrups and hands reach the reins.’ This means that the child must grow physically able to help his parents and relatives. Children were told tales and legends, riddles and proverbs, and taught to respect parents, siblings, older people and strangers. Parents also carefully watched how the child learned and behaved, encouraging what they saw as good and condemning what they saw as bad. Children were taught to tend young animals, water horses, collect dried dung, and milk cows from a young age. For healthy growth, children were taught the dangers both of over-eating or being hungry, in addition to good manners. Particular attention was paid to toys and games to help intellectual growth, and Mongolians love to play simple games with children, such as guessing the number of shagai (lamb’s ankle bones) held in the fist; setting the alag melkhii (multicolored frog); anklebone shooting; and shagai shuurekh.
Mongolia is not entirely homogeneous with respect to ethnicity and religion. Nearly 90% of the population is Mongols, among whom the Khalky-Mongols are the largest subgroup (about 75% of the total). The next largest group is the Kazakhs (5.3%) who live predominantly in the far west. More recently, they have begun migrating in large numbers to the Kazakhstan. There are also other smaller ethnic groups including Tuvins, Uzbeks Uighurs, Russians, Chinese and others. The national language is Mongolian. Mongolian population density is 1.9 people per square kilometers making it one of the most sparsely populated countries in the world.
Yolanda Fernandez Lommen: Current ADB Country Partnership Strategy for Mongolia is the largest allocation of ADB funding since we started operations in the country