1 MONGOLIA EXPORTS 83.9 MLN TONS OF COAL IN 2025 WWW.XINHUANET.COM PUBLISHED:2026/01/13      2 CHINA ACCOUNTS FOR OVER 80% OF MONGOLIA'S FOREIGN TRADE WWW.OPEN.KG PUBLISHED:2026/01/13      3 FAYE STEELE: LIVING IN MONGOLIA HAS TAUGHT ME TO BE PATIENT WWW.GOGO.MN PUBLISHED:2026/01/12      4 ”CHINGGIS КHAAN" INTERNATIONAL AIRPORT SETS A NEW HISTORIC MILESTONE WWW.GOGO.MN PUBLISHED:2026/01/12      5 2 KILLED IN NORTHERN MONGOLIA AS TRUCK FALLS INTO FROZEN LAKE WWW.XINHUANET.COM PUBLISHED:2026/01/12      6 CAPITAL STUDIES MAJOR RENOVATION OF CENTRAL CULTURAL PALACE AFTER 38 YEARS WWW.MONTSAME.MN PUBLISHED:2026/01/12      7 10 UNIVERSITIES IN JAPAN, SOUTH KOREA, MONGOLIA TO ESTABLISH ACADEMIC COMMUNITY TO PROMOTE ICC ACTIVITIES, RULE OF LAW WWW.JAPANNEWS.YOMIURI.CO.JP  PUBLISHED:2026/01/12      8 RIO-GLENCORE DEAL CLOSER THAN EVER WITH PREMIUM AND CEO IN FOCUS WWW.BLOOMBERG.COM PUBLISHED:2026/01/10      9 MONGOLIA'S INFLATION DOWN TO 7.5 PCT IN DECEMBER 2025 WWW.XINHUANET.COM PUBLISHED:2026/01/10      10 MONGOLIA ENERGY FACES MNT 412.3 BILLION TAX LIABILITY AFTER LOSING MONGOLIAN COURT CASE WWW.TIPRANKS.COM  PUBLISHED:2026/01/10      ГАДААДЫН ХӨРӨНГӨ ОРУУЛАГЧДЫГ 40 ГАРУЙ ХУУЛЬ "ДӨНГӨЛЖ" БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/12     Х.НЯМБААТАР: ХАГАС КОКС ТҮЛШИЙГ УЛААНБААТАР ХОТООС ГАДНА 330 СУМ, 21 АЙМАГТ АШИГЛАДАГ БОЛГОНО WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/12     БАГАХАНГАЙ-ХӨШИГИЙН ХӨНДИЙ ХҮРТЭЛХ ТӨМӨР ЗАМЫН БАРИЛГА УГСРАЛТЫН АЖИЛ 90 ХУВЬТАЙ ҮРГЭЛЖИЛЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/01/12     ФЭЙ СТИЛ: МОНГОЛД АМЬДРАХ НЬ НАДАД ТЭВЧЭЭРТЭЙ БАЙХЫГ ЗААСАН WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/12     Г.ЗАНДАНШАТАР: ЗАМЫН-ҮҮД СУМЫГ ХОТЫН СТАТУСТАЙ БОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/01/12     ГАДААД ХУДАЛДААНЫ АШИГ ОНЫ ДҮНГЭЭР 4.4 ТЭРБУМ АМ.ДОЛЛАР ХҮРЧ, 5.3 ХУВИАР ӨСЛӨӨ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/01/12     2026 ОНЫ ХЯТАДЫН НҮҮРСНИЙ БОДЛОГЫН ТӨЛӨВ БА МОНГОЛД ҮЗҮҮЛЭХ НӨЛӨӨ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/12     Б.ДЭЛГЭРСАЙХАН: ХӨШИГИЙН ХӨНДИЙН ТӨМӨР ЗАМ, НАВИГАЦЫН ТОНОГ ТӨХӨӨРӨМЖИЙН ШИНЭЧЛЭЛИЙГ ЭНЭ ОНД ДУУСГАНА WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/11     УРЬДЧИЛАН ЗАХИАЛГА ӨГСӨН 260 ИРГЭНИЙГ ХОЁР ТЭРБУМ ТӨГРӨГӨӨР ХОХИРООЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/11     GLENCORE, RIO TINTO КОМПАНИУД НЭГДЭХ ХЭЛЭЛЦЭЭ ХИЙЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/10    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

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Climate risks are becoming financial risks: What Mongolia’s experience reveals www.unescap.org

Climate change is no longer a distant environmental issue; it is a present and growing threat to economic and financial stability. Across Asia and the Pacific, nearly 85 per cent of people are expected to be exposed to multiple climate hazards even under the targeted 1.5°C warming scenario.
Mongolia exemplifies these regional vulnerabilities. The country ranks 19th of 171 countries in the Global Climate Risk Index over 1993–2022 and has faced multiple catastrophic events in recent years. For example, the dzud (extreme winter) of 2009–2010 covered most of the country and killed over 8.5 million livestock, roughly one-quarter of the national herd, and resulted in economic losses of over $287 million. The most recent 2023 dzud claimed approximately 8 million livestock, with over 4,800 households losing 70 per cent or more of their livestock and over 500 households losing all. Additionally, in July 2023, severe floods inundated Ulaanbaatar and surrounding areas, directly affecting over 100,000 people. The compounding nature and rising frequency of these hazards are evident.
Frequency of key disasters in Mongolia by year
Figure1: Frequency of key disasters in Mongolia by year (Source: ESCAP based on data from NEMA)
The recent ESCAP analysis on Climate Change Risks and Impacts on Mongolia’s Financial Sector shows that the financial system faces a dual challenge from physical climate risks and transition risks. On the physical side, the country’s continental climate makes it prone to acute hazards such as floods, droughts and dzuds, and chronic shifts in rainfall and temperature patterns. Increased precipitation and rapid snowmelt have led to more frequent, intense floods that damage infrastructure and homes. Severe droughts are threatening pastureland productivity and water supplies, undermining the country’s predominantly pastoral agriculture. 
Transition risks from the global shift towards low-carbon development are also increasing. As countries worldwide enact climate policies and clean technologies, Mongolia’s carbon-intensive sectors face tough adjustments. The agriculture sector could be affected by emissions-reduction policies (for example, curbing herd sizes to cut methane), which could significantly reduce herders’ income. The mining industry, a pillar of Mongolia’s exports and GDP, is vulnerable to declining global demand for coal and other high-carbon commodities. Meanwhile, Mongolia’s energy sector is heavily reliant on coal, so efforts to decarbonize and diversify the energy mix entail significant structural changes.
From climate shocks to financial risks
Why do these climate risks matter for banks, insurers and the broader financial system? Both physical risks and transition risks can quickly transition into systemic financial risks. When herders lose their livestock to dzud or crops fail from drought, they can default on loans. Infrastructure damage from floods can impair businesses and real estate values, undermining mortgage portfolios. These climate stressors can lead to higher loan default rates, market volatility, liquidity strains and even legal liabilities for financial institutions. In Mongolia, many banks have borrowers in climate-sensitive sectors and regions. If those borrowers’ incomes collapse due to an environmental shock, the banks face rising non-performing loans and credit losses, affecting overall financial stability 
Notably, droughts cause the highest average annual losses, underscoring their severe impact on Mongolia’s agro-ecosystems. Overall, it is estimated that natural hazards cost Mongolia about $0.43 billion each year (over 3 per cent of GDP), indicating the significant drain on development gains. 
The report finds that Mongolian banks’ loan exposures, while diversified, do include notable concentrations in areas that could be impacted by climate change. For example, based on data from 2024, about 17 per cent of outstanding bank loans are in real estate and construction, sectors exposed to physical risks like floods, and around 5 per cent of loans are directly to agriculture and herding In aggregate, this means climate-induced losses in these sectors could cascade into the financial system, undermining growth and development goals if left unaddressed.
Overview of outstanding loans across different sectors in Mongolia
Figure 3: Overview of outstanding loans across different sectors in Mongolia (Source: ESCAP based on data from Bank of Mongolia)
Mapping collateral against hazard layers is essential for prudent loan-to-value ratios, pricing and insurance decisions. Additionally, mapping borrowers, grazing areas and herd composition against dzud–drought hazard indices and pasture conditions while linking them to national early-warning systems could guide risk management measures, contingency credit lines, pricing and index-based livestock insurance requirements to strengthen resilience. At the same time, even under optimistic early transition scenarios, losses are expected for banks, while in scenarios of a delayed transition or business-as-usual, losses are expected to be much higher. 
Recognizing the looming threat, the Bank of Mongolia and ESCAP joined forces to study these issues. The resulting report, Climate Change Risks and Impact on Mongolia’s Financial Sector, is a product of this collaboration, drawing on nationwide data analysis, stakeholder interviews and data from Mongolian agencies and development partners. ESCAP is helping Mongolia’s central bank build capacity to deal with climate risks, an effort aligned with global climate commitments and the SDGs.
A practical agenda for supervisors and financial institutions
The report concludes with several actionable recommendations, key highlights include:
Integrate climate risk into financial supervision.
Embed climate considerations in supervisory risk assessments and financial stability monitoring. This includes conducting regular climate risk analyses across banks and insurers and updating prudential rules to account for climate shock exposures. 
Run decision-grade stress tests.
Use NGFS-aligned scenarios to stress PD/LGD/NPLs by sector and region. Combine scenario outputs with geo-referenced collateral to estimate flood and dzud damage, collateral haircuts and provisioning needs. Pilots should focus on building capacities, increasing understanding of climate risks and highlighting gaps in data and methodologies.
Improve data, disclosure and peer learning.
Strengthen data systems for hazards, exposure and performance; align disclosures with the new national guideline to improve comparability; and promote peer-to-peer learning among financial institutions and supervisors. 
Finance adaptation where it matters.
Scale lending for herder resilience (fodder storage, shelters, water points) and expand risk transfer (e.g., index-based livestock insurance with credible triggers). In urban areas, promote flood-resilient retrofits and business continuity investments for SMEs. 
By taking these actions, Mongolia and other governments can bolster their financial systems against climate shocks and ensure that economic growth is sustainable in every sense. 
Deanna Morris
Economic Affairs Officer, Macroeconomic Policy and Financing for Development Division
Anant Jha
Climate Finance Consultant, Macroeconomic Policy and Financing for Development Division

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4.5 magnitude earthquake hits southwestern Mongolia www.xinhuanet.com

An earthquake with a magnitude of 4.5 jolted the southwestern Mongolian province of Bayankhongor at 4:42 p.m. local time on Tuesday, the country's Institute of Astronomy and Geophysics said.
The epicenter of the quake was 37 km to the southwest of Bogd soum (administrative subdivision) of Bayankhongor province in Mongolia and was initially determined to be at 45.01 degrees north latitude and 100.39 degrees east longitude, the institute said in a statement.
The quake was felt across the province, and there is no immediate report of damage, it added.

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Entrée Resources Provides Update on Entrée/Oyu Tolgoi Joint Venture License Matters www.investingnews.com

Entrée Resources Ltd. (TSX:ETG,OTC:ERLFF; OTCQB:ERLFF the "Company" or "Entrée") provides an update on matters pertaining to the Shivee Tolgoi and Javkhlant mining licenses (the "JV Licenses") held by Entrée LLC on behalf of the EntréeOyu Tolgoi joint venture participants in Mongolia.
Parliamentary Temporary Oversight Committee
As previously disclosed by the Company, on July 2, 2025, the Parliament of Mongolia approved Resolution No. 62 to establish a Temporary Oversight Committee to conduct a special investigation related to the protection of Mongolia's interests and the enhancement of benefits derived from the exploitation of the Oyu Tolgoi strategic group of deposits. The scope of the special investigation includes conducting oversight and inspection in connection with determining the State's ownership interest and percentage, based on the established reserves and valuation of the JV License areas, as well as other relevant documents. The Company supported the activities of the Temporary Oversight Committee by submitting thousands of pages of requested documents in a timely manner and participating in numerous inspector meetings and discussions.
The Temporary Oversight Committee held a three-day public hearing in the first half of December. Approximately 300 witnesses received summons, including former Mongolian Prime Ministers, Presidents, and Ministers, as well as current and former representatives of Rio Tinto and the Company's joint venture partner Oyu Tolgoi LLC ("OT LLC"). Stephen Scott, the Company's President and Chief Executive Officer, attended the December 8 hearing on matters related to the JV Licenses to answer questions on behalf of Entrée. The December 10 and 12 hearings focused on OT LLC's 2011 Amended and Restated Shareholders' Agreement. The Company understands from media reports that on December 19, 2025, the Temporary Oversight Committee reported its findings and submitted a draft resolution to Parliament. The draft resolution was returned to the Parliamentary Standing Committee on Economics for further consideration before it is resubmitted to Parliament for debate.
Government Working Group
As previously reported by the Company, the Prime Minister of Mongolia by Order No. 73 dated August 22, 2025 established a renewed working group (the "Government Working Group") led by the Minister of Industry and Mineral Resources to negotiate the State's interest in the area of the JV Licenses. The Company received official notice of the formation of the Working Group on September 18, 2025, and on October 17, 2025, the Company responded to a request from the Minister of Industry and Mineral Resources to advise the Working Group of the composition of the Company's negotiating team. A preliminary meeting between the Company and the Government Working Group was held in Ulaanbaatar on December 10, 2025, and negotiations are expected to commence shortly. The Company will work closely with its joint venture partner OT LLC and the Government Working Group to ensure State participation in the area of the JV Licenses is resolved in a mutually beneficial manner in accordance with applicable laws. OT LLC has an 80% (or 70% depending on the depth of mineralization) economic interest in the area of the JV Licenses and has the exclusive right under the Entrée/Oyu Tolgoi Joint Venture Agreement and the Oyu Tolgoi Investment Agreement to construct and operate infrastructure, conduct mineral exploration, and conduct the operations of mining and processing in the area of the JV Licenses.
Administrative Court Claim
During the third quarter 2025, Entrée LLC filed a claim with the Administrative Court of Mongolia seeking an order for the Mongolian tax authority to review and confirm the calculations of values of the JV Licenses in accordance with applicable laws of Mongolia. Taxes must be paid before the documentation necessary to affect the transfer of the JV Licenses to OT LLC may be submitted to the Mineral Resources and Petroleum Authority of Mongolia for registration. The Court hearing is expected to be scheduled shortly.
ABOUT ENTRÉE RESOURCES LTD.
Entrée Resources Ltd. is a Canadian mining company with a unique carried joint venture interest on a significant portion of one of the world's largest copper-gold projects – the Oyu Tolgoi project in Mongolia. Entrée has a 20% or 30% carried participating interest in the Entrée/Oyu Tolgoi joint venture, depending on the depth of mineralization. Royal Gold, Inc. (through its subsidiary International Royalty Corporation) and Rio Tinto are major shareholders of Entrée, holding approximately 24% and 16% of the shares of the Company, respectively. More information about Entrée can be found at www.EntreeResourcesLtd.com.

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China quietly loads 100+ ICBMs into new missile silos near Mongolia: report www.foxnews.mn

China has reportedly loaded more than 100 intercontinental ballistic missiles into three newly constructed silo fields near its border with Mongolia and shows little interest in arms control talks, according to a draft Pentagon report seen by Reuters.
The assessment underscores Beijing’s accelerating military buildup, with the report saying China is expanding and modernizing its nuclear forces faster than any other nuclear-armed power. Chinese officials have repeatedly dismissed such findings as attempts to "smear and defame China and deliberately mislead the international community."
The Pentagon declined to comment when contacted by Fox News Digital about the Reuters report.
Last month, U.S. President Donald Trump said he may pursue denuclearization discussions with China and Russia. The Pentagon report, however, concluded that Beijing does not appear inclined to engage.
"We continue to see no appetite from Beijing for pursuing such measures or more comprehensive arms control discussions," the report said.
TAIWAN UNVEILS $40B DEFENSE SPENDING PLAN TO COUNTER CHINA MILITARY THREAT OVER NEXT DECADE
The Zhuque-2 carrier rocket, a methane-liquid oxygen rocket by Chinese company LandSpace, takes off from the Jiuquan Satellite Launch Center, near Jiuquan, Gansu province, China July 12, 2023.
China's rocket force has rapidly advanced. (CNS Photo via Reuters)
According to the assessment, China has likely loaded more than 100 solid-fueled DF-31 intercontinental ballistic missiles into silo fields near the Mongolian border. While the Pentagon had previously disclosed the existence of the silo fields, it had not publicly estimated how many missiles had been placed inside them.
China’s embassy in Washington did not immediately respond to a request for comment.
The report did not identify potential targets for the newly loaded missiles and could change before it is formally submitted to Congress, U.S. officials said.
CHINA’S ENERGY SIEGE OF TAIWAN COULD CRIPPLE US SUPPLY CHAINS, REPORT WARNS
China’s nuclear warhead stockpile remained in the low 600s in 2024, reflecting what the report described as a slower production rate compared to previous years. Still, Beijing is on track to exceed 1,000 nuclear warheads by 2030.
China says it adheres to a nuclear strategy of self-defense and maintains a no-first-use policy. But analysts say Beijing’s public messaging increasingly contradicts that restraint.
"For a country that still advocates a policy of ‘no-first use,’ China has become increasingly comfortable showcasing its nuclear arsenal, including parading its nuclear triad together for the first time in September," said Jack Burnham, a senior research analyst in the China Program at the Foundation for Defense of Democracies.
TRUMP ORDERS US NUCLEAR WEAPONS TESTING TO BEGIN 'IMMEDIATELY' AFTER RUSSIA TESTS NEW MISSILES
U.S. President Donald Trump (L) and China's President Xi Jinping shake hands while walking at Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, U.S., April 7, 2017.
Trump and Xi will meet in South Korea for the first time in six years, on Oct. 30, 2025. (Carlos Barria/Reuters)
Burnham said Beijing’s rejection of arms control talks reflects the pace of its weapons construction. "China has no interest in locking in a long-term strategic disadvantage, and every intention of building an arsenal on par with its perceived place in the world, alongside and potentially eventually ahead of the United States," he said.
The report also warned that China expects to be able to fight and win a war over Taiwan by the end of 2027. Beijing claims the self-governed island as its own territory and has never ruled out the use of force.
China is refining options to seize Taiwan by "brute force," including long-range strikes up to 2,000 nautical miles from the mainland that could disrupt U.S. military operations in the Asia-Pacific, the report said.
The findings come as the 2010 New START treaty, the last remaining nuclear arms control agreement between the United States and Russia, approaches expiration. The treaty limits both sides to 1,550 deployed strategic nuclear warheads.
"What is surprising is that China has now loaded only about 100 of the silos it has built recently," said Gordon Chang. "That’s an indication money is tight in the People’s Liberation Army."
Chang warned against extending New START without Beijing’s participation. "This is no time for the U.S. to agree to an extension of the New START Treaty with Russia," he said. "Russia and China are de-facto allies, and they are ganging up on America. Without China in a deal — Beijing has flatly rejected every nuclear arms-control initiative of the U.S. —no treaty can be in America’s interest."
Reuters contributed to this report.
BY
Efrat Lachter is an investigative reporter and war correspondent. Her work has taken her to 40 countries, including Ukraine, Russia, Iraq, Syria, Sudan and Afghanistan. She is a recipient of the 2024 Knight-Wallace Fellowship for Journalism. Lachter can be followed on X @efratlachter.

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Mongolia presents pilot results of National Multidimensional Poverty Index www.akipress.com

The National Statistics Office (NSO) of Mongolia presented the pilot results of the National Multidimensional Poverty Index (MPI) developed under the United Nations Development Programme (UNDP)'s "Statistical Capacity Building for Sustainable Development" project funded by the Ministry of Foreign Affairs of the Republic of Korea.
The National MPI is the outcome of collaboration led by the NSO MPI Working Group, supported by technical experts from the Oxford Poverty and Human Development Initiative (OPHI) and UNDP Seoul Policy Centre. Aimed to measure overlapping deprivations in health, education, labour and living conditions, this MPI pilot introduced the internationally recognised Alkire Foster method, tailored specifically to Mongolia's context and priorities and based on pilot data from the 2024 Household Socio-Economic Survey. This establishes the methodology to be applied by the NSO for releasing the MPI results in 2027, using data from the 2026 Household Socio-Economic Survey.
"The national MPI strengthens evidence-based and accountable decision-making and improves accuracy of measuring people's living conditions, enabling the government and its partners to better target resources and monitor the progress. The NSO will officially publish the MPI results in 2027 based on 2026 data and remain fully committed to regularly updating the index," Chairperson of the NSO Batdavaa Batmunkh said.
The pilot results show that in 2024, 26% of Mongolia's population experienced multidimensional poverty, with deprived individuals lacking, on average, 36.8% of the 15 selected indicators. The most common challenges facing the multidimensionally poor relate to sanitation, internet access, health insurance and housing conditions, whereas school attendance and years of schooling are less prevalent.
Ambassador of the Republic of Korea to Mongolia Choi Jin-won highlighted the importance of National MPI and pointed out that "Korea stands ready to continue working closely with the government of Mongolia to deepen cooperation in development, governance, gender empowerment, environmental protection, and social policy".
UNDP Resident Representative in Mongolia Matilda Dimovska emphasized that the National MPI pilot results gave Mongolia stronger tools to meet its SDG commitments. UNDP will continue working with the government to apply this evidence to focus support where it is needed most, she added.
The event concluded with reflections on how Mongolia's National MPI can guide more targeted policymaking, strengthen integrated social and economic policies, and provide a robust evidence base for designing programmes that effectively reduce poverty and vulnerability. With this National MPI finalized, Mongolia will join more than 50 countries using multidimensional poverty measurement as an essential tool for advancing equitable, inclusive, and sustainable development.

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National Cancer Center Introduces Advanced Imaging, Robotic Surgery www.montsame.mn

On December 20, 2025, Prime Minister of Mongolia Zandanshatar Gombojav visited the National Cancer Center of Mongolia (NCCM) to review the progress of a project titled Establishing the Cancer Prevention and Early Detection National Network.
The project has been implemented in three phases since 2021, with financing of EUR 10 million under a loan agreement between the Government of Mongolia and the Government of the Republic of Austria.
As a result of the initiative, the National Cancer Center has acquired advanced diagnostic and treatment equipment, including a magnetic resonance imaging (MRI) machine, computed tomography (CT) scanner, angiography suite, and an AI-supported digital mammography system. These upgrades bring the center closer to international standards and enhance its capacity to detect, diagnose, and treat cancer at earlier stages.
According to the center’s development plan, it is preparing to use a surgical robot for the first time in its operative treatments on December 28, 2025. The NCCM has also modernized radiotherapy in 2022 by introducing linear accelerator-based technology, advancing the cancer treatment capabilities by an estimated 20 years, and increasing service accessibility by 25 percent.
Since last year, the center has begun performing surgeries for deep-seated brain tumors, conditions previously deemed inoperable in Mongolia. Moreover, after successfully conducting its first living-donor liver transplant in cooperation with surgeons from Samsung Medical Center of the Republic of Korea in 2018, the center’s Mongolian doctors now independently carry out such transplants.
To strengthen nationwide cancer care, an electronic registration system has been introduced, linking 21 aimags and nine districts with the National Cancer Center. This system ensures that patient diagnoses are registered at the national center, facilitating timely treatment initiation regardless of where patients are first seen.
In addition to clinical services, efforts to expand access continued this year with the opening of a sub-center in the northern region. Construction has also begun on the “National Cancer Center-2” project in Songinokhairkhan District, while a new endoscopic diagnostic and treatment facility is under construction and expected to open next year.

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Mongolian Tugrug Firms Month on Month Against Major Currencies www.montsame.mn

According to the Bank of Mongolia, the average monthly exchange rate of the national currency, the tugrug, against the U.S. dollar stood at MNT 3,571.66 in November this year, representing a depreciation of MNT 158.9 compared with the same period last year, while appreciating by MNT 20.1 from the previous month.
During the same period, the average monthly exchange rate of the tugrug against the euro was MNT 4,128.71, weakening by MNT 498.2 year on year, but strengthening by MNT 52.3 month on month.
The average monthly exchange rate against the Russian ruble stood at MNT 44.42, marking a depreciation of MNT 10.4 from a year earlier and a marginal appreciation of MNT 0.01 compared with the previous month, the National Statistics Office of Mongolia reported.
Meanwhile, the average monthly exchange rate of the tugrug against the Chinese yuan reached MNT 502.37 last month, down MNT 28.7 year on year, but up MNT 2.1 month on month.

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DP opposes deputy minister appointments www.ubpost.mn

The Democratic Party (DP) caucus group in parliament convened an extraordinary meeting and announced it has formally submitted demands to Prime Minister G.Zandanshatar concerning the recent appointments of additional deputy ministers.
DP Chair O.Tsogtgerel criticized the government for expanding what he described as an already bloated state structure at a time when businesses and taxpayers are under severe strain. He said many enterprises are struggling to survive, with some already declaring bankruptcy, yet the government continues to add new leadership positions, effectively turning Mongolia into a country run by nearly 40 ministers.
According to O.Tsogtgerel, the government lacks a coherent economic policy and is mired in systemic corruption, resulting in economic stagnation. He warned that businesses are closing due to tax burdens, while the education and health sectors are deteriorating. At the same time, citizens’ livelihoods are worsening, and vulnerable groups are increasingly at risk of food insecurity.
The DP caucus group also raised concerns about the 2025 state budget, noting that projected revenues have been reduced. They warned that centralized investment projects may be delayed, performance-based payments to enterprises may not be made, and next year’s budget could begin with accumulated arrears.
The opposition group stressed the urgent need to cut taxes, support economic growth, streamline the structure of government, and shift public administration into an austerity mode. O.Tsogtgerel accused the prime minister’s cabinet of failing to realistically assess the country’s economic situation, neglecting the problems faced by enterprises that drive growth, and ignoring the need to protect citizens’ livelihoods.
He added that public trust has been undermined by the government’s decision to appoint 16 additional deputy ministers and establish new agencies, rather than reducing the existing structure of 20 ministers as many had hoped. The move, he said, dashed expectations that the new government would correct past mistakes and seriously combat corruption.
As a result, the Democratic Party caucus group is demanding that Prime Minister G.Zandanshatar revoke the decision made on December 17, to appoint new deputy ministers, and submit a proposal to parliament during the autumn session to reduce the current structure of the government. The group warned that if these demands are not met, it will initiate proceedings to raise the issue of dismissing the government.

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“Nogoon Nuur 1008” project manager deported and banned from re-entry for three years www.gogo.mn

An inspection by the Immigration Agency of Mongolia at the “Nogoon Nuur 1008” ger-district redevelopment site has found serious violations. 
The review noted that, despite a Government Decree exempting 372 project employees from payment, the project employed foreign workers without required permits, concealed and facilitated the escape of people working illegally, and transferred project staff to work outside designated locations for profit. The Agency issued official warnings and guidance to remedy the breaches, but the violations continued and attempts were made to influence state agencies’ decisions.
As a result, the residence permit of the project manager, Chinese national Yang Yao, was revoked and he was deported. Authorities later determined that he re-entered Mongolia using an official passport and engaged in activities inconsistent with the purpose of his entry. He has now been banned from re-entering Mongolia for three years.
The Immigration Agency of Mongolia warned that there have been illegal attempts to pressure and influence government officials to change legal agency decisions. The Agency reminded businesses and organisations to respect Mongolian law and not to support illegal activities by foreign nationals.

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E-Mongolia Platform Making Tangible Contribution to Delivering Public Services Efficiently to Citizens www.montsame.mn

A high-level meeting marking the 20th anniversary of the implementation of the World Summit on the Information Society (WSIS) was held at the United Nations Headquarters on December 16-17, 2025.
Permanent Representative of Mongolia to the United Nations, Ankhbayar Nyamdorj, attended the meeting and delivered remarks. He highlighted that Mongolia is effectively leveraging digital technologies to enhance access to public services, strengthen transparency, and promote good governance, noting that initiatives such as the “E-Mongolia” digital platform are making a tangible contribution to delivering public services to citizens promptly and equitably.
He further emphasized that international cooperation and multi-stakeholder partnerships, particularly those aimed at strengthening the capacities of developing countries and landlocked developing countries, are essential to ensuring the equitable sharing of the benefits of digital transformation.
Mongolia also expressed its support for ensuring that the outcome document of the WSIS contributes meaningfully to the assessment of the implementation of the “2030 Agenda for Sustainable Development”.

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