News, International Trade, Innovation and Digitalisation

International Trade Working Group’s first meeting was held on 8 November 2022. Due to the Bank of Mongolia’s shortage of foreign currency reserves, commercial banks are setting limits on foreign currency transactions which causes difficulties to trade companies. Some companies had to buy forex every day, sometimes buying from the black market, and some opened bank accounts with various banks. We had top managers from Hyperchase, Mondreem, Metro Express, Erel, Gansag, WellBee, BSB, Maris, Veritech, GG Groceries and NTU. We thank our premium member Bodi International for hosting us at their premises.