MTU: BANK OF MONGOLIA IS GUILTY

Ulaanbaatar, Mongolia /MONTSAME/ The Mongolian Trade Unions (MTU), the United Association of Employers and the United Association for Societies of Protecting Interests of Mongolian Consumers have stressed that the Bank of Mongolia is guilty of a sudden fuel prices soar. Fuel importers, in their turn, say they increased the prices by MNT 260-300 due to the Bank of Mongolia who increased an official rate of U.S dollar against togrog from MNT 1,336 to MNT 1,445. The associations consider that namely this Bank must bear all responsibillity for triggering inflation rate by bringing the rate of dollar up to 1,445 under a reason as needs in exchange reserves. Apart of this, the associations demand the authorities for fair competitiveness and protection of consumers' interests to give reports about their measures on implementation of the related laws. B.Khuder