Update on the Allocation of the Government Bond
By Elena Fehrbach Jun. 14 – Mr. N. Altankhuyag, the Prime Minister of Mongolia, has provided an updated decisions related to the allocation of the Government Bond, also known as the Chinggis Bond....
View ArticleUpdate on the Law on Customs Duty Exemptions and VAT
By Elena Fehrbach On June 7th, the Parliament of Mongolia has reviewed the Law on Exemption from VAT and the Law on Exemption from Customs Duty. The following additional regulations which are directly...
View ArticleLuxembourg Initiates DTA Negotiations with Mongolia
By Elena Fehrbach Aug. 4 – According to the announcement by the Ministry of Foreign Affairs of Luxembourg as of July 30, foreign ministries of Luxembourg and Mongolia have agreed to negotiate a Tax...
View ArticleMoody’s Revises Local Currency Country Risk for Mongolia
By Elena Fehrbach Aug. 10 – Moody’s Investors Services agency has adjusted local currency country risk, foreign currency bond and deposit ceiling for Mongolia. Ceiling changes refers to the highest...
View ArticleMongolia Gov’t Proposes Amendments to Tax Law
By Elena Fehrbach Aug. 24 – The Ministry of Finance and the Ministry of Economic Development has released drafts of new laws and amendments to a number of current laws on the website of the Mongolian...
View ArticleBank of Tokyo Mitsubishi UFJ to Open Office in Ulaanbaatar
By Elena Fehrbach The Central Bank of Mongolia has approved the request form the Bank of Tokyo Mitsubishi UFJ (BTMU) to open an official representative office in Mongolia. It has been announced that...
View ArticleMoody’s Outlook on Mongolian Banks Has Been Revised to “Negative”
By Elena Fehrbach Jan. 22 – Moody’s Investor Services (Moody’s) has issues a revised rating for three Mongolian ban, downgrading them from “Stable” to “Negative”. The Banks under study are: Khan Bank,...
View ArticleThe Draft Bill on the Treasury Fund has been Introduced in Mongolia
By Elena Fehrbach Mongolia is making another step forward in the direction of establishment of their own Treasury Fund. The President of Mongolia has initiated the establishment of the Treasury Fund...
View ArticleCredit Ratings Update from Moody’s and Fitch
By Elena Fehrbach Moody’s: Outlook for Mongolia’s banking system remains negative Moody’s Investors Services (Moody’s) announce that the outlook on Mongolian banks remain negative due to expectations...
View ArticleMongolia Considers Raising Country’s Debt Ceiling to Facilitate...
By Elena Fehrbach The Ministry of Finance has prepared and presented a plan to raise Mongolia’s debt ceiling that would give opportunity to the country to sell more foreign debt to pay for...
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