MEASURES ARE EXCPECTED AGAINST POSSIBLE FINANCIAL DIFFICULTIES

Ulaanbaatar /MONTSAME/ Last Saturday, the cabinet adopted a plan of some measures to be taken against possible financial and economic difficulties. Accordingly, a step is to be done to abolish the shortage of the national money by augmenting its source in order to recover a gap in the domestic market resulted from the export, foreign direct investment and recession of the budgetary revenue. It will become possible to overcome the crisis with less damage, the cabinet considers. Other measures are to transfer a big amount money from the Central Bank to the economy by putting a new source of foreign currency into the domestic financial circulation, to quickly put a currency source, raised from foreign sources, into the domestic financial circulation, and to invest projects of the most important economic spheres. The Minister of Economic Development N.Batbayar was ordered to work out related draft laws and resolutions together with state administrative central organizations. B.Khuder