Mongolia

ULAN BATOR, Jan 2 (NNN-APA) – Mongolia’s central bank said today, it had purchased a total of 17.8 tonnes of gold in 2023, from legal entities and individuals.

Purchasing gold is one of the key ways for the central bank to ensure the country’s economic stability, according to the Bank of Mongolia.

A statement revealed that, at the close of 2023, Mongolia’s foreign exchange reserves reached 4.8 billion U.S. dollars, marking a rise of 1.4 billion dollars from the end of 2022.

ULAN BATOR, Dec.14 (Xinhua) -- Russia will not reduce its electricity supply to Mongolia in the near future, said the Mongolian government's press office on Thursday.

"The Russian side said that it will not limit the supply of electricity in the near future. The inter-governmental commission of the two countries will continue to work on the issue," the press office said in a statement.

ULAN BATOR, Dec 8 (NNN-APA) – Mongolia’s central bank said today, it has purchased a total of 16.1 tonnes of gold in the first 11 months of this year from legal entities and individuals.

As of Nov, the Bank of Mongolia’s average gold purchase price had been 219,514.35 Mongolian tugriks (64 U.S. dollars) per gram, the bank said in a statement.

Purchasing gold is one of the key ways for the central bank to ensure the country’s economic stability, it said.

ULAN BATOR, Nov 1 (NNN-XINHUA) – Mongolia’s National Agency for Meteorology and Environmental Monitoring, today issued a warning of blizzards and a cold wave that will affect western and central parts of the country.

Volatile weather is expected to start today, and continue in the next few days, causing icy roads and poor visibility on roads, the weather monitoring agency said.

It warned the public, especially nomadic herders and drivers, to take extra precautions against possible disasters.

ULAN BATOR, Oct 13 (NNN-XINHUA) – Mongolian Prime Minister, Luvsannamsrai Oyun-Erdene, has confirmed the appointment of Khishgee Nyambaatar, as the new mayor of Ulan Bator, the country’s capital, said the government’s press office, today.

Prior to his appointment, Nyambaatar served as minister of justice and internal affairs of Mongolia.

Nyambaatar replaced Dolgorsuren Sumiyabazar, who has recently presented his resignation, due to a scandal involving the reform of the public transport fleet in Ulan Bator, that has embezzled public funds.

ULAN BATOR, Oct 10 (NNN-XINHUA) – Mongolia purchased 13.2 tonnes of gold, in the first three quarters, from legal entities and individuals, the central bank said, today.

As of Sept, Mongolia’s average gold purchase price had been 213,818.68 Mongolian tugriks (about 62 U.S. dollars) per gram, the Bank of Mongolia said in a statement.

Purchasing gold is one of the key ways for the central bank to ensure the country’s economic stability, by consistently increasing foreign currency reserves, said the bank.

ULAANBAATAR, Sept 4 (Reuters) - Pope Francis on Monday wrapped up a historic trip to Mongolia which took on international connotations because of his overtures to its neighbour China over freedom of religion.

At the end of a Mass on Sunday, the pope sent greetings to China, calling its citizens a "noble" people and asking Catholics in China to be "good Christians and good citizens".

On Monday, China's foreign ministry said it has taken a positive attitude on improving relations with the Vatican.

ULAANBAATAR, Mongolia (AP) — Pope Francis sent a special greeting to China’s “noble” people on Sunday, giving them a special shout-out at the end of a Mass celebrated in neighboring Mongolia during the first-ever papal visit that was largely overshadowed by Beijing and its crackdown on religious minorities.

Francis brought up to the altar the retired and current bishops of Hong Kong, Cardinal John Hon Tong and Cardinal-elect Stephen Chow, clasped their hands and told the crowd that included many mainland Chinese pilgrims that he wished them all well.

ULAANBAATAR, Mongolia (AP) — Pope Francis on Saturday praised Mongolia’s tradition of religious freedom dating to the times of its founder, Genghis Khan, as he opened the first-ever papal visit to the Asian nation with a word of encouragement to its tiny Catholic flock.

Francis met with President Ukhnaagiin Khurelsukh inside a traditional Mongolian ger, or round yurt, set up inside the state palace and wrote a message in the guest book that he was visiting “a country young and ancient, modern and rich of tradition,” as a pilgrim of peace.

ULAANBAATAR, Mongolia (AP) — Pope Francis arrived in Mongolia on Friday morning to encourage one of the world’s smallest and newest Catholic communities.

It’s the first time a pope has visited the landlocked Asian country and comes at a time when the Vatican’s relations with Mongolia’s two powerful neighbors, Russia and China, are once again strained.