Mongolia stock market turns heads with 133% gain
Benchmark index topped world in 2021 as investors prepared for bank IPOs
Mongolia has long been a force on the world’s resource markets, due to its ample deposits of coal, copper and gold. These days, though, it is the country’s stock market that is turning heads.
How do I buy stock in Mongolia?
In order to trade securities in Mongolia, you need to open a securities account at the Mongolian Central Securities Depository (MCSD) through an authorized brokerage firm like Standard Investment. The brokerage firm will apply for an account at the Central Depository on your behalf.
What is Mongolian money?
MNT is the currency code for the tugrug, which also goes by tögrög or tugrik. It is the official currency of Mongolia, using symbol is ₮, but sums are often written as “Tg” followed by the number, such as Tg 590. ₮1 can be subdivided into 100 möngö.
What is Mongolia famous for?
Mongolia boasts a wide range of birds, fish and mammals but is probably best known for the Siberian Ibex, Snow Leopard, Gobi Bear, Wild Bactrian Camel and Przewalski’s Horse. 8. LANDSCAPE – The Land of the Blue Skies has a widely varied topography and the most dramatic landscapes.