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Mongolia's virus-hit economy shrinks for first time since 2009
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IANS | 17 Feb, 2021
Mongolia's gross domestic product (GDP) shrank 5.3 per cent last year,
its first annual contraction since 2009, said the National Statistics
Office (NSO) on Wednesday.
The Mongolian economy amounted to 37
trillion Mongolian Tugriks (12.9 billion dollars) in 2020, the NSO said
in a statement, adding that the drop was directly related to restrictive
measures to contain the Covid pandemic, Xinhua reported.
As of Wednesday, Mongolia has confirmed 2,444 fresh Covid infections and four deaths.
The Asian country is expected to launch a nationwide Covid vaccination drive next week.
Earlier
in February, Mongolia announced a comprehensive plan involving 10
trillion Mongolian Tugriks (3.5 billion dollars) in the coming three
years to protect public health and recover the virus-hit economy.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
84.35
|
82.60 |
UK Pound
|
106.35
|
102.90 |
Euro
|
92.50
|
89.35 |
| Japanese
Yen |
55.05 |
53.40 |
| As on 12 Oct, 2024 |
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