President urges government to set special policy for gold exploration and gold mines
Speaking at the opening of the autumn session of State Great Khural, President Battulga told that the gold defines the purchasing ability of the national currency.
President urges the government to set special policy for gold exploration and gold mines. Speaking at the opening of the autumn session of State Great Khural, President Battulga told that the gold defines the purchasing ability of the national currency and therefore, the government needs to stop issuing exploration and mining license for gold as well as oblige gold miners to sell all gold only to the Bank of Mongolia. Further, Mr President said the economy expects to have 5.3 percent of growth this year. However, the economic and financial situation of the country is not doing well. The main mistake made by Mongolia politicians until today is that they have not adjusted the national interest to foreign loans and aid. Therefore, State Great Khural of Mongolia should prioritize Mongolian interest first when discussing foreign loans and aid including International Monetary Fund`s Extended Fund Facility Program, underlined President Battulga.
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