Mongolia is leading the world in cryptocurrency adoption
Today, nine-tenths of the world's money is just numbers on a computer. In Mongolia alone, about seven percent of all money is stored in banknotes in cash and the remaining 93 percent in non-cash or digital format.
PM L.Oyun-Erdene: Selenge and Darkhan will be developed into an agricultural region to replace mining as top industry
On May 13, Prime Minister L.Oyun-Erdene’s working visit continued to Selenge aimag.
Meeting held to discuss opportunities to increase cashmere export
The Ministry of Foreign Affairs and the Ministry of Food and Agriculture jointly organized an online meeting with representatives of some diplomatic missions abroad to discuss opportunities to increase wool and cashmere exports.
Mongolia-Singapore business matching webinar to be held in June
In aims of sharing Singapore’s experience and opportunities on e-commerce and developing cooperation in the new business field, Mongolia-Singapore business matching webinar is to be held on June 16, 2021.
MNCCI and JICA to implement pilot projects
Japan International Cooperation Agency (JICA) in cooperation with the Ministry of Food, Agriculture and Light Industry and the National Development Agency is implementing the MONMAP - “Mongolian Agricultural Sector Value Chain Master Plan Project” to support the sustainable development of Mongolia's agricultural sector for 2020-2023.
Ard Financial Group joins Women's World Banking Global Network
On December 18, 2020, Ard Financial Group became an official member of the Women's World Banking Global Network.
MNCCI launches ‘Post-COVID Economic Recovery Great Reset’ initiative
According to risk analysts at the World Economic Forum, the current social and economic crisis caused by the coronavirus outbreak is the worst since World War II, and called for a ‘Great Reset’ in the economy.
PM L.Oyun-Erdene: The time has come for Mongolia to export value-added livestock products
On May 12, Prime Minister L.Oyun-Erdene became acquainted with the construction of the Darkhan hide and leather complex being built in Khongor soum, Darkhan-Uul aimag.
30 percent discount to be given on wheat seeds
At its meeting on May 12, the Cabinet decided to give discounts on the imported seeds in the Agriculture Support Fund amid the pandemic.
Six-percent mortgage loans to be available through 2024
The Bank of Mongolia has reported that there are a total of 100,867 borrowers of mortgage loans totaling around MNT 5.2 trillion as of March 2021.
PM meets with business representatives
Today, May 11, Prime Minister L.Oyun-Erdene held a meeting with business representatives.
Wool incentives totaling MNT 31 billion granted to 88 thousand herders in 2020
The government of Mongolia annually provides herders with incentives to increase agricultural output and encourage supply of agricultural products.
Financial Regulatory Commission presents financial market review for 2021 first quarter
A virtual press conference by the Financial Regulatory Commission to present the Financial Market Review of the first quarter of 2021 was held on May 6.
Mongolian Tax Authority announces top taxpayers of 2020
Mongolia’s General Department of Taxation celebrates second week of every May as ‘Days of Taxpayers’.
BoM purchases 1.3 tons of precious metal
In April, the Bank of Mongolia (BoM) purchased 1.3 tons of precious metal.
Total foreign trade turnover increases by 51 percent
General Customs Administration reported that the total trade turnover of Mongolia reached USD 4.4 billion in the first four months of 2021, which increased by 1.4 billion or 50.6 percent compared with the same period of 2020.
Spring sowing begins from Selenge and Khuvsgul aimags
Spring sowing started across the country on May 6. Specifically, spring sowing began in some soums of Selenge and Khuvsgul aimags while sowing in other crop farming zones including Tuv aimag set to normalize at the end of this week, the Ministry of Food, Agriculture and Light Industry reports.
Development Bank of Mongolia to integrate sustainable financing into its operations
Today, capacity building workshop was organised on the integration of sustainable financing principles into the DBM operations within the UN Joint Programme (JP), implemented with the Ministry of Finance under the sponsorship of the UN Joint SDG Fund.
Temporary procedure for registration, control of closed bond-debts issued by non-bank financial institutions approved
At a regular meeting of the Financial Regulatory Commission (FRC) on 28 April, a total of 27 issues were discussed.
P.Khaliun: I believe the relations between two countries will soon reach strategic partnership
Mohammad Faisal Al-Mutairi: Transportation is the main problem in the expansion of Mongolia-Kuwait trade