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Tag: Mongolia

Posted on December 13, 2024

Mongolia’s central bank keeps benchmark interest rate unchanged at 10 pct

ULAN BATOR, Dec. 13 (Xinhua) — Mongolia’s central bank, the Bank of Mongolia, announced on Friday that it would maintain its benchmark interest rate unchanged at 10 percent. “This decision was made …
Posted on December 13, 2024

Mongolia’s central bank keeps benchmark interest rate unchanged at 10 pct

ULAN BATOR, Dec. 13 (Xinhua) — Mongolia’s central bank, the Bank of Mongolia, announced on Friday that it would maintain its benchmark interest rate unchanged at 10 percent. “This decision was made …
Posted on December 13, 2024

ADB, XacBank sign 50-mln-USD deal to boost climate, MSME financing in Mongolia

ULAN BATOR, Dec. 4 (Xinhua) — The Asian Development Bank (ADB) and Mongolia’s XacBank Joint Stock Company have signed a financing package of 50 million U.S. dollars to enhance financing for climate …
Posted on December 13, 2024

AM Best Affirms Credit Ratings of Mongolian National Reinsurance JSC

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of Mongolian National Reinsurance JSC (Mongolian Re) (Mongolia). The outlook of …
Posted on December 13, 2024

AM Best Affirms Credit Ratings of Mongolian National Reinsurance JSC

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of Mongolian National Reinsurance JSC (Mongolian Re) (Mongolia). The outlook of …
Posted on December 13, 2024

PRIME MINISTER OF MONGOLIA MAKES HISTORIC VISIT TO MIDDLE EAST

ULAANBAATAR, Mongolia, Dec. 8, 2024 /PRNewswire/ — The Prime Minister of Mongolia, L. Oyun-Erdene, has completed a week-long visit to the Middle East during which he discussed how to increase …
Posted on December 13, 2024

PRIME MINISTER OF MONGOLIA MAKES HISTORIC VISIT TO MIDDLE EAST

ULAANBAATAR, Mongolia, Dec. 8, 2024 /PRNewswire/ — The Prime Minister of Mongolia, L. Oyun-Erdene, has completed a week-long visit to the Middle East during which he discussed how to increase …
Posted on December 13, 2024

Mongolia’s APU Dairy secures financing to expand operations

APU Dairy, a dairy producer in Mongolia, has secured a $40m (Tg136.55bn) loan from two development finance institutions for expansion.
Posted on November 20, 2024

Trafigura hunts missing $500 million in Mongolian fuel fraud, trading sources say

Swiss trading house Trafigura is trying to track down $500 million in Mongolia following a year-long probe of staff and associates over a billion-dollar fraud scheme at its local fuel supply business, …
Posted on November 20, 2024

Trafigura hunts missing $500 million in Mongolian fuel fraud, trading sources say

Swiss trading house Trafigura is trying to track down $500 million in Mongolia following a year-long probe of staff and associates over a billion-dollar fraud scheme at its local fuel supply business, …

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