Mongolia has reached an initial agreement with the International Monetary Fund (IMF) for a three-year programme that includes a $440 million loan package as part of a $5.5 billion bailout to help the north Asian country with looming debt repayments.
The Ulaanbaatar Investment Summit-2017 will be held on 20th of February. The business forum is being organised by the Ulaanbaatar City Administration in cooperation with the Ulaanbaatar Chamber of Commerce.
State-owned ’Erdenes Mongol’ LLC and the ’Mongolyn Alt Corporation’ (MAK) have established a joint company named “Erdenes Ashid”. The new venture, which came into being with the signing an agreement on 13th of February, will focus on geological exploration.
At the end of last year, representatives of the International Monetary Fund (IMF) visited the Mongolian capital, Ulaanbaatar, to evaluate the state of the economy and conduct meetings with the government.
he Mongolian Tugrik is, day by day, is firmly rising against the US dollar. Today, (1st of February) at the ‘Naiman Sharga’ currency exchange, the Mongolian tugrik stood at MNT 2455 against the US dollar.
A memorandum of cooperation was signed on Monday 30th of January by D.Jigjidnyamaa, director of the Ulaanbaatar Railway Joint Venture Company and Mr K.K.Alpysbayev, president of Kazakhstan Railways (Kazakhstan Temir Zholy or KTZ).
Belarus is ready to cooperate with Mongolia in the field of advanced technologies in the production and processing of agricultural products, Belarusian Ambassador to the country Stanislav Chepurnov said in an interview with the Mongolia News newspaper.
Mongolia’s first ever skew rolling mill has opened at the Darkhan Metallurgical Plant (DMP). It will help to halt the USD 60 million currency out flow from Mongolia. The plant is the result of a range of projects initiated by the previous Democratic Party led parliament to increase export production and replace imports.
Today, (26th of January) at the ‘Naiman Sharga’ currency exchange the Mongolian tugrik stood at MNT 2460 against the US dollar. The tugrik has risen by MNT22 against the US dollar from MNT2482 over the last two days.
Today, (24th of January) at the ‘Naiman Sharga’ currency exchange the Mongolian tugrik stood at MNT 2484 against the US dollar. At commercial banks, the tugrik has risen to 2495-2500 against the US dollar.