This website is part of the M.A.D. Urban Network.
Economy / Mongolia News / August 17, 2016

Tugrik’s 22-Day Slump to Record Low Marks Mongolia Crisis: Chart

Share on Pinterest
Share with your friends


Mongolia’s tugrik is in its longest losing streak on record with the economy in the grips of a crisis so severe that the newly elected government run by the Mongolian People’s Party felt obliged to tell the nation last week that they may not be able to pay salaries to soldiers and public health staff. Falling commodity prices — key export copper has recovered little since touching a seven-year low in January — have made the country of 3.3 million vulnerable. The International Monetary Fund flew in this week for talks as a slowdown in China and anti-investment laws passed by the former government scared away foreign investors.

SOURCE: Bloomberg

Previous Post
Is Mongolia really facing an economic recession?
Next Post
Mongolian street addresses modified with What3Words

You might also like

More Story
Is Mongolia really facing an economic recession?
Minister of Finance B.Choijilsuren made a statement to the public to present information about the nation’s current socio-economic,...