1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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ADB starts second Eco-Tourism Project for Mongolia's National Parks www.montsame.mn

Ulaanbaatar /MONTSAME/ The Asian Development Bank (ADB) and the Government of Mongolia today wrapped up one successful eco-tourism project and embarked on a second project aimed to help Mongolia benefit from a boom in domestic and overseas tourists while safeguarding the environment.

Mongolia’s Deputy Speaker Mr. Enkh-Amgalan Luvsantseren, the Minister of Environment and Tourism Mr. Tserenbat Namsrai, and the Governor of Khuvsgul Province Mr. Ganbold Lkhagvasuren gave opening speeches at a final workshop for the Integrated Livelihoods Improvement and Sustainable Tourism in Khuvsgul Lake National Park Project. This was followed by an opening ceremony for the Sustainable Tourism Development Project. The workshop and opening ceremony also gathered local government officials, community members, experts, and ADB staff.

“Our projects aim to help develop the tourism sector in Mongolia to help diversify the economy and create jobs. But we want to ensure that is done sustainably so that local livelihoods and the often fragile environments are also protected for the long term,” said Mr. Mark Bezuijen, Senior Environment Specialist for ADB and the team leader of both projects.

The Integrated Livelihoods Improvement and Sustainable Tourism in Khuvsgul Lake National Park Project, funded with a $3 million grant from the Japan Fund for Poverty Reduction, helped build local tourism activities, improve livestock and pasture management, and strengthen waste management around Khuvsgul Lake.

The $38 million in loans under the Sustainable Tourism Development Project will be used to build on the activities in Khuvsgul Lake and develop similar initiatives in Onon-Balj National Park, the birthplace of revered Mongolian leader Chinggis Khaan. This project marks the first loan in Mongolia to focus on tourism and protected area management, and will serve as models for economically inclusive development and conservation.

Mongolia’s small tourism sector is growing rapidly. In 2017, tourism generated $1.2 billion in earnings and employed 121,500 people. But by 2028, it is forecast to generate $2.1 billion and provide 149,000 jobs. Khuvsgul National Park and Onon-Balj National Park are eco-tourism priorities for the government, but as major sources of biodiversity, they need to be carefully managed. There will be a ceremony to open the project activities in Khentii province on 10 October.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. In 2018, it made commitments of new loans and grants amounting to $21.6 billion. Established in 1966, it is owned by 68 members—49 from the region.

Source: Asian Development Bank

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Sharp decrease in Mongolian gold purchase www.news.mn

The purchase of gold by the Mongolian Central Bank dropped 22 percent from January to September 2019. In total it acquired 11.2 tons of gold from legal entities and individuals.

The bank explained that the drop can be attributed to the expiration of the effective period of low royalty taxes on gold with the 2014 adjustments to the Minerals Law.

Effective from 1 January, a discounted royalty on gold mining of 2.5 percent was terminated ahead of the slapping on of 5-10 percent royalty taxes on the sector.

During the first quarter of this year, a plunge by 71.6 percent was registered in gold acquisitions by the central bank.

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Mongolia, ADB projects to spur trade, improve hospital services, and upgrade roads www.montsame.mn

Ulaanbaatar/MONTSAME/ On September 2, the Government of Mongolia and the Asian Development Bank (ADB) signed loan agreements totaling $103 million for projects that will upgrade border crossing points, complete a district demonstration hospital, and scale up road rehabilitation efforts in the country.

The agreements were signed by the Minister of Finance Mr. Khurelbaatar Chimed and ADB Country Director for Mongolia Ms. Yolanda Fernandez Lommen at a ceremony in Ulaanbaatar. Representatives from the ministries of finance, health, as well as road and transport development witnessed the event.

“As a landlocked country, a large share of Mongolia’s gross domestic product is linked to foreign trade. Improving the efficiency of trade processes and enhancing physical connectivity is essential to facilitate trade and transport in Mongolia,” said Ms. Fernandez Lommen. “Improving people’s access to social services has always been a priority in ADB’s operations in the country. Strengthening hospital services is key to improve the health of the Mongolian population.”

The newly approved additional financing, worth $27 million, for the ongoing Regional Improvement of Border Services Project will further upgrade border crossing points in Bichigt, bordering the People’s Republic of China in the east; and Borshoo, which borders the Russian Federation in the west. The project will build on the development initiatives of the ongoing project, which is already upgrading facilities and equipment of the crossing points in Altanbulag and Sukhbaatar, located in the northern part of Mongolia.

The $60 million additional financing for the Regional Road Development and Maintenance Project will rehabilitate the 118-kilometer (km) Darkhan–Altanbulag and 58-km Khuiten Valley–Arvaikheer road sections, while further enhancing the condition of the 204-km Ulaanbaatar–Darkhan road section. Road safety in the project areas will also be improved, which includes the construction of an additional overtaking lane as well as the installation of road markings, barriers, and guideposts. The project will also conduct assessments for the proposed new road to the planned Chinggis Khaan Tourism Complex.

The $16 million additional financing for the ongoing Fourth Health Sector Development Project will help the government complete the establishment of Songinokhairkhan district hospital. The multifunctional district hospital will provide quality services to the local population and serve as a demonstration hospital for other districts in the city. The construction of the Songinokhairkhan district hospital is expected to be completed in December this year.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. In 2018, it made commitments of new loans and grants amounting to $21.6 billion. Established in 1966, it is owned by 68 members—49 from the region.

Source: ADB

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Mongolia’s journalists won’t get left behind on the worldwide trend of fact-checking www.poynter.org

Nestled between the borders of Russia and China — two nations internationally notorious for their state-backed disinformation campaigns — lies Mongolia, a country now preparing to fight electoral false news.

The country will elect a new parliament in 2020 and a new president in 2021, and in light of this has just launched a fact-checking collaborative project with 20 television, newspaper and radio outlets from around the country.

FactCheck Mongolia started a few weeks ago and resembles those fact-checking alliances seen in Latin America lately: Reverso in Argentina, Comprova in Brazil and VerificaUY in Uruguay.

Mongolia’s vast and mountainous landscapes are home to a uniquely chaotic media environment. As of a 2016 report from Reporters Without Borders, 74% of media outlets in the country have political affiliations. While media freedom is guaranteed by law, there’s no regulation on things like election ads.

That means media outlets and politicians alike can fill the news cycle with misinformation.

Fact-check Mongolia is trying to change this.

“For the coming election, we’re expecting a huge production of fake news,” said Tamir Tsolmonbaatar, the project manager, in an email to the IFCN. “That’s why Mongolian media have agreed to do something (to fight back) … We are trying not to get left behind on this worldwide trend (of political fact-checking).”

Mongolia’s parliamentary elections are coming up in 2020, as well as local elections at the provincial and district levels. In 2021, a new president will be elected.

Parliamentary elections in 2016 included 498 candidates running in 76 electorate districts, so Tsolmonbaatar said he expects there will be plenty of politically motivated disinformation flooding social media platforms.

According to the Communications Regulatory Commission of Mongolia, 83.5% of the total population use the internet regularly.

“Social media use increased during (the parliamentary election in 2016),” Tsolmonbaatar said. “But there’s yet to be any law implemented to regulate election ads in social media environments.”

Some government actors have taken steps to address misinformation by drafting laws and bills that would regulate social media use more strictly. But for now, the press is frequently opaque when it comes to funding and ownership, and Tsolmonbaatar said this allows for politicians to bribe journalists and media outlets into publishing flattering yet completely falsified content.

This was the case for the presidential election of 2017, when the candidate Sainkhüügiin Ganbaatar, a member of the Mongolian People’s Revolutionary Party, posed for a photo in which he appeared to be digging snow out from underneath his car.

“The truth was, his car hadn’t gotten stuck in the snow, it was stopped at a paved road,” Tsolmonbaatar explained. “He was trying to show how humble and personable he was, and ran ‘hidden’ campaign ads (on social media) using this photo.”

According to Tsolmonbaatar, political candidates also frequently disseminate completely falsified photos, videos or claims about their opponents to large audiences on social media platforms or via news outlets, and Mongolia’s General Election Commission has yet to act.

To fight back, Fact-Check Mongolia’s principal goal is to develop the skills necessary for fact-checking in all the newsrooms that have joined the alliance. This includes 13 from the capital city of Ulaanbaatar and seven from local provinces, as well as a mix of radio, magazine, newspaper and television platforms.

Journalists will take part in several training sessions funded by Deutsche Welle Akademie, a German state-owned public international broadcaster. The Mongolian Center for Investigative Reporters, which Tsolmonbaatar co-founded, will also organize and fund follow-up training and consulting sessions.

The whole operation will be run from Truly Media, an online collaboration platform designed to support the verification of social media content.

Tsolmonbaatar said the organization’s members hope to be ready in time to fact-check the 2020 elections, and be able to publish reliable, evidence-based information.

He said that he hopes fact-checking picks up among other media sites, though these are often poorly resourced and reporters may not have the money or time.

“We have a national, common understanding of what it means to do fact-checking within traditional media productions, but not what it means to do political fact-checking and hoax debunking,” he said. Mongolia’s journalism schools have yet to offer a course on this specific kind of journalistic verification, but Tsolmonbaatar said some are working on updating their curriculum.

All 20 newsrooms in the alliance have agreed to follow the International Fact-Checking Network’s Code of Principles for best practices in fact-checking, including transparency, nonpartisanship and an honest corrections policy.

Nonetheless, Tsolmonbaatar said he expects politicians to react negatively to the project. “They’ll probably spread negative information about us, and maybe try to influence some of our journalists or allied newsrooms,” he said.

“But we believe journalists and newsrooms that joined our network won’t get bought.”

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ADB provides 103 mln USD loan to Mongolia to upgrade border, roads www.xinhuanet.com

ULAN BATOR, Oct. 2 (Xinhua) -- The Asian Development Bank (ADB) and the Mongolian government on Wednesday signed loan pacts worth 103 million U.S. dollars for three projects that will upgrade border checkpoints, complete a district hospital, and scale up road rehabilitation in the country.

Yolanda Fernandez Lommen, ADB country director for Mongolia, and Mongolian Finance Minister Khurelbaatar Chimed signed the agreements at a ceremony in the Mongolian capital of Ulan Bator.

"As a landlocked country, a large share of Mongolia's gross domestic product is linked to foreign trade. Improving the efficiency of trade processes and enhancing physical connectivity are essential to facilitate trade and transport in Mongolia," Lommen said.

"Improving people's access to social services has always been a priority in the ADB's operations in the country," she said.

Since Mongolia joined the ADB in 1991, the bank has provided assistance worth 3 billion dollars to the country. Enditem

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GGGI Mongolia holds a Consultative Meeting on “Improving regulatory environment of Energy Storage Projects” www.gggi.org

Ulaanbaatar, Mongolia, Oct 2, 2019 – GGGI Mongolia organized a Consultative Meeting on “Improving regulatory environment of Energy Storage Projects” in association with the Energy Regulatory Commission (ERC) and the National Dispatching Center (NDC) of Mongolia.

The workshop was organized as part of the Renewable Energy Absorption Project implemented by the Global Green Growth Institute together with the Energy Regulatory Commission. The REAP project aims at facilitating the emergence of technological and other options to improve the flexibility of the Mongolian central energy system, in order to increase the absorption of renewable energy and improve energy security.

The aim of the meeting was to engage and train technical stakeholders in energy storage, including battery technologies, and provide an introduction to evolving regulations for ancillary services. The workshop will be followed by the development of regulations and economic impact assessment for pricing and assessment of the network to define optimal battery technology, least cost, and optimal locations on the network.

This assessment will include load flow analysis accounting for high, medium and low renewable energy dispatch scenarios. The regulatory work will help define the battery purchase agreement and network assessment will result in the identification of subprojects to be agreed with the National Dispatching Center. The audiences of the workshop were representatives of decision makers and regulatory bodies as well as technical engineers and staff of MoE, ERC, NDC, NREC, and EDC.

Mr. Tuvshichuluun, State Commissioner of ERC, delivered an opening speech. “We have a good cooperation with GGGI in many areas. REAP is one of the areas that we are working successfully. Battery storage is the one of the most important solutions to ensure stability of energy system. In terms of setting tariff for the battery storage, we don`t have sufficient experience and knowledge. I do believe that today`s event will have a great contribution in improved knowledge of setting the tariff and in future development of energy storage projects,” highlighted Mr. Tuvchinchuluun.

Romain Brillie, GGGI Country Representative said “Under its commitments to the Paris Agreement on climate change Mongolia has set a target to increase renewable electricity capacity from 7.62% in 2014 to 20% by 2020 and to 30% by 2030 as a share of total electricity generation. This will require additional flexibility of energy systems to effectively translate installed capacity into generated and supplied electricity. Energy storage systems are one option that can help improve load management and the effective absorption of renewable energy on the grid, while improving its stability and, for Mongolia, energy security. I always appreciate that ERC is supporting GGGI’s work in energy sector for many years. I am happy that we have turned another new chapter in cooperation in energy battery storage. From GGGI side we will provide technical support on formalization of battery purchase agreement,” in his opening speech.

GGGI technical experts Muharrem Askin and Andrew Lee have delivered presentations on GGGI Global Practices, main principles of the successful Power Purchase Agreements and Principles applied to PPAs in ESS and its ancillary services in Mongolia.

The Government of Mongolia (GOM) is in the process on considering battery storage to address the stability of the network, improve quality of service, and better manage loads to meet demand. However, there is a need for an assessment of the most suitable type of technology and institutional options to help improve grid flexibility and absorption of renewables. For batteries, this includes the type of technology, their physical location and related benefits, including financial. Battery storage can provide a wide range of ancillary services that helps the utility stabilize the network and improve quality of electricity supply. In addition, a key advantage of battery technology lies in its quick ability to respond to blackouts and provide ramping capacity.

The proposed REAP is planned to be a comprehensive engagement that will help the GOM, the offtaker, and the ERC to transparently take cost effective investment decisions to address the fragile network, improve service delivery, and pave the way for improved absorption of renewable energy and energy security.

Background
In Mongolia’s nationally determined contribution (NDC) a series of policies and actions are outlined to achieve a 14% reduction in greenhouse gas (GHG) emissions. This reduction on GHG can only be achieved if emissions from the energy sector are addressed. As such, Mongolia has established ambitious targets to increase renewable energy and reduce losses in the sector which include to increase renewable electricity capacity from 7.62% in 2014 to 20% by 2020 and to 30% by 2030 as a share of total electricity generation capacity and to reduce electricity transmission losses from 13.7% in 2014 to 10.8% by 2020 and to 7.8% by 2030.

Mongolia’s power sector is dominated by inefficient, soviet-era coal power plants which make up 85% of total installed capacity (920 of 1082MW). In 2016, 96% (5.5GWh) of domestic power was generated by coal plants which makes Mongolia’s power supply one of the most carbon intensive in the world. Since 2013 Mongolia has made steps to increase the share of renewable energy but it is far from reaching its resource endowment potential. As of May 2018 there are 2*10MW solar plants and 2*50MW wind farms operational. Another 30MW of solar PV has achieved financial close.

While the government has issued a number of licenses to independent power producers for renewable energy, the ability of these projects (or other) to be realized and lead to displacement of fossil fuels will largely depend on the ability of the network to absorb and manage intermittent and variable loads. Thus, one of the key constraints to scaling renewable energy is the fragile network and the absence of ramping capacity. High system losses, frequency fluctuations and voltage drops result in inadequate and poor quality of electricity services.

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Mongolian arrested in Russia for smuggling crypto mining units www.news.mn

Coinspot reported today that a Mongolian citizen was caught trying to smuggle the four crypto currency mining devices with fans and connected microcircuits across the Russian/Mongolian border into Russian territory.

The custom services explained that the smuggler was detained by Altai customs officers during a border check in the rural locality Tashanta. The detainee couldn’t provide any legal documents for the crypto mining equipment, which was then confiscated by the authorities.

Cointelegraph reported in June that Artem Sychev, the first deputy director of the Information Security Department of the Bank of Russia, said that fraudsters rarely use cryptocurrency to withdraw stolen money.

Russia’s Central Bank stated that criminals prefer to cash out stolen money rather than withdraw it with digital currency, Sychev said:

“In the Russian Federation, this [withdrawing of stolen funds with crypto] is used very rarely. Yes, sometimes cryptocurrencies are used to withdraw funds, but now it is not widespread, because it is much easier for an attacker to get cash.” (cointelegraph)

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Government extends land for Mongolia’s first oil refinery www.news.mn

Mongolia launched construction of its first oil refinery last year. This has been a a long-awaited project; currently it is being funded by India and is designed to end the country’s dependence on Russian fuel imports.

Earlier today (2 October), the Cabinet decided to expand a land around where the oil refinery is being constructed. According to one source, the land, set aside by the government for special construction and infrastructure requirements has been expanded from 150 hectares to 405 hectares.

Currently, construction is underway of a 27 km-long railway and 18.8 km road connecting Sainshand, the administrative centre of Dornogobi Province to the oil refinery; the power lines and other infrastructure requirements are completed. To rationalize power generation needs there will be a pipeline from the refinery to its own power plant.

The refinery, in southern Dornogovi Province will be capable of processing 1.5 million tonnes of domestic crude oil per year. This is equivalent to about 30,000 barrels per day (bpd). The cost of the refinery is estimated at USD 1.35 billion.

Mongolia’s new refinery, planned for completion in late 2022, will meet all of the nation’s demand for gasoline, diesel, aviation fuel and liquefied petroleum gas (LPG).

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Mongolian Airlines to get Boeing 787-9 in 2021 www.news.mn

Mongolian Airlines has indicated that it has secured the delivery of a Boeing 787-9, with the aircraft due to arrive on long-term lease in 2021. The widebody jet has been earmarked for the carrier’s first long-haul flights to the United States. The 787 is the flagship aircraft of Boeing and is often seen as a direct competitor to the Airbus A350.

With the arrival of the 787-9, Mongolian Airlines (MIAT) plans to launch long haul services to the US. While details of this are still sketchy, the airline has indicated it is in the process of obtaining the necessary permissions to launch service when the Dreamliner arrives.

In terms of configuration for the 787-9, reports indicate that the jetliner will feature 313 seats. These will comprise 16 in business class, 21 in premium economy, and 276 in economy. While the carrier’s current business class on board its 767s offers a slightly odd 2-1-2 configuration with not-quite lie-flat seats, this low number of business class on the 787-9 offers an opportunity to step up their game.

In total, Mongolian Airlines currently operates two Boeing 767-300 aircraft, both of which they own outright. It also leases four Boeing 737-800s from ALC Blarney Aircraft, Avolon, Macquarie AirFinance, and Wings Capital Partners, according to CH-Aviation. The airline also has four 737 MAX 8s on order, one of which was delivered earlier this year but is currently grounded. (Simple Flying)

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Modernized payment system enables direct transfer of Government payments and allowances www.montsame.mn

Ulaanbaatar /MONTSAME/. Bank of Mongolia in cooperation with the Asian Development Bank has implemented a low-value payment system modernization project, which allows the monthly Child Money benefits to be paid directly through an automatic bank transfer by the State Fund, in lieu of the Bank of Mongolia.

The approved resolution states that child money benefits will be transferred to eligible children’s registered bank accounts in commercial banks within 20th of every month once the funding has been made, on the basis of the list of names of eligible children submitted by corresponding social insurance public organizations and requests for child benefit payment.

In addition, other types of government allowance, benefits, incentives and payments and salaries, such as tax refund, tax refund lottery prize money, will be transferred through the State Fund accounts.

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