B.Enhhuyag: There Was No Way Other Than Folding Money Up
We got details from Mr. B.Enhhuyag, First Deputy Governor of the Mongolbank on why commercial banks halted mortgage lending.
How does Mongolbank’ raise of policy rate affect on the economy? Did commercial banks halt their mortgage lending because of it?
Mongolbank has increased its policy rate three times since last October. We conclude that lending growth, […]
Currency Rate Has Truly Fallen Down
It is said that people bought much USD due to rumors related to currency rate fall-down. We got details from M.Badam, Director of “Suvargan Del” currency exchange.
With reference to rumor on fall down of currency rate, currency exchangers and people generated much USD on hand. Is it true?
There is no change to foreign currency […]
What Will Bring “Grant of the Motherland”?
According to the conclusion of the working group of IMF, the implementation of welfare program will boom inflation. Mongolian currency becomes weaker against foreign currency and it will heat up the consumption price of. The inflation rate reached 17.5% by January 2008. The experts concluded that money distribution and social welfare expenditure are severely affecting. […]
Street Lighting Is To Double
This year MNT 3 million out of the state budget is to be spent for street lighting. B.Erdenebat, Specialist for Urban and Public Utilities Division says, “Such much money has never been budgeted for lighting in the previous years. Now we are working on drafts and schemes of places of which old lighting should be […]
Top 100 National Locomotives
The Government of Mongolia, along with National Chamber of Commerce and Industry selected Top 100 entities of the year 2007. According to the main criterion of the selection-tax payment, Mongolia-Russia joint enterprise “Erdenet” ranked first. Copper price in the world market has gone up. Its success could be drawn back by saying it is the […]
