DRAFT RESOLUTION SUBMITTED

Ulaanbaatar, Mongolia /MONTSAME/ Parliament draft resolution on some measures related to allotting of shares of the “Erdenes Tavan Tolgoi” compant to citizens was submitted to the Speaker D.Demberel by Ts.Dashdorj MP on December 21. The draft says that people who put their salaries or livestock collateral for loans can repay the money with amount equal to fixed price of 1,027 shares. By the third quarter of 2011, there were unpaid loans of 499, 44 billion togrog of 157,888 people. The borrowers pay some 16 billion togrog as the loans interest every month. Dashdorj says that such a high interest and an inflation cause difficulties to these people. B.Oyundelger