Ratings agency Standard & Poor’s lowered Mongolia’s sovereign credit rating to B- from B on 19th August, after the country raised interest rates by 4.5 percentage points in an attempt to halt a plunge in the currency.
Mongolian wrestler G.Mandakhnaran sadly lost in the 65kg freestyle Olympic bronze medal. But a kind schoolgirl, who lives in Canada wants to give her own medal instead of the Olympic bronze to G.Mandakhnaran. D.Uyanga’s family sent a letter to our News Agency by e-mail.
In one of the final events of the Rio Summer Games, Mongolian wrestler G.Mandakhnaran was seconds away from winning the 65kg freestyle bronze medal match when he began prematurely celebrating his victory by running around the ring. His coaches then joined him, one carrying the flag of Mongolia.
On Saturday, Chinese and Mongolian media representatives gathered in the Chinggis City, capital of Mongolia’s Khentii Province, for a forum entitled ”deepening media cooperation and creating a bright future.”
Today (18th August), Mongolian soldiers who are to be contribute to the UN peacekeeping mission “Decisive Support” in Afghanistan, are participating in a ceremony to honour the banner of the Mongolian Armed Forces.
The Central Bank of Mongolia has announced its Monetary Policy Council’s decision to increase the bank’s policy interest rate by 4.5 percent - an increase to 15 percent. The policy interest rate has been at 10.5 percent since January 2015.