Overview
- The Bank of Mongolia’s Monetary Policy Committee set a 45% debt‑to‑income cap for new or restructured consumer loans and raised reserve ratios by one percentage point to 14% for tugrik deposits and 19% for foreign currency.
- President Ukhnaagiin Khurelsukh issued a decree directing the government to develop and regulate traditional Mongolian medicine, including legal reforms, training, data systems, and support for safe, export‑ready medicines.
- Parliamentary leaders convened stakeholders to refine the legal framework for distributed renewables and EV charging, following a resolution that targets infrastructure capable of serving 100,000 electric vehicles.
- Ulaanbaatar launched an open tender for private developers to build projects in the public areas of the 158‑hectare ‘Selbe 20‑minute city,’ a development planned for 8,575 housing units and an expected 45,000–50,000 residents, with submissions due March 2.
- The state commission accepted the new three‑story ‘Urt Tsagaan’ service center with a 109‑space underground car park featuring EV chargers, and the city will lease retail space through an open selection process.