Mongolia marked the 20th anniversary of the democracy movement on December 10.

The President of Mongolia Ts.Elbegdorj signed in decree to award Hero of Mongolia to MP E.Bat-Uul for his valuable contribution to the democratic movement.

According to the report of the Bank of Mongolia, money supply (broad money or M2) at the end of November 2009, expanded to MNT 2,718.9 billion which reflects an increase of MNT 47.9 billion or 1.8 per cent, over October 2009 and an increase of MNT 477.1 billion or 21.3 per cent compared to November 2008.

Mongolia’s central bank took control of a second commercial lender in a year after a drop in property prices in the central Asian nation’s capital Ulaanbaatar.

Mongolia’s new prime minister wants to pursue an initial public offering of the country’s state-owned mineral assets on an international stock exchange as a way to generate more money from natural resources that have recently attracted a flood of foreign investment. View Full Image MONGOLIA Government of Mongolia Prime Minister Batbold Sukhbaatar said it was time for Mongolia to begin thinking about a move to international financial markets.

Mr. John Kozakov, President of Boroo Gold company, the biggest gold producer in Mongolia expressed its readiness to invest $1 million to Ulaanbaatar City during the meeting with Mr. T.Bilegt, the Chairman of House of Representatives of Capital City.

Boroo Gold, the second biggest taxpayer of Mongolia in 2007 and third in 2008, is interested in investing in the projects that are in need for the development of Ulaanbaatar City and its citizens. This investment can be used for the National Recreational Park, planed to be built along Tuul River, and procurement of necessary equipment and facilities of hospitals.