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🗞️Top Highlights from September
🔸 ArdCoin: Digital Gold for Mongolia 🇲🇳

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📰 Today’s Edition Features the Following Headlines:
📉 Financial Regulatory Commission Rejects Gobi’s Request to Convert to LLC, Company to Remain a Joint-Stock Entity 🧶
🇲🇳 Mongolia, China, and Russia Extend Trilateral Economic Corridor Cooperation Until 2031 🇨🇳 🇷🇺
🔸 ArdCoin: Digital Gold for Mongolia 🇲🇳
Delivering key insights from the stock markets and the economy. 🤗

As of September 2025, the S&P 500 index had risen by 3.83%, the Nasdaq 100 index gained 6.16%, while Bitcoin increased by 3.36% and ArdCoin surged sharply by 48.87%.
A total of ₮17.5 billion worth of trades were executed on the Mongolian Stock Exchange, of which ₮1.36 billion or 7.8% was contributed by Ard’s publicly listed companies.
📊 Stock Market News: 📉 Financial Regulatory Commission Rejects Gobi’s Request to Convert to LLC, Company to Remain a Joint-Stock Entity 🧶
🤔 What happened? On September 8, 2025, shareholders of Gobi JSC voted with 99.99% approval to change the company’s legal status to a Limited Liability Company (LLC) and to adopt amended corporate bylaws, effectively shifting one of Mongolia’s largest cashmere producers into a new corporate structure.
📊 What it means?
Market observers note that this transformation is aimed at increasing flexibility in governance, reducing short-term reporting pressures, and enhancing the company’s ability to attract investment and respond to volatile global demand in the cashmere sector. Analysts compare the move to international precedents such as Dell Technologies’ $24.4 billion take-private in 2013, underscoring that strategic restructuring can strengthen long-term competitiveness.
💡 What else? The shift has sparked debate among investors, with some highlighting potential concerns over transparency as Gobi leaves behind its listed company obligations, while others emphasize that the restructuring may allow faster decision-making, stronger capital allocation, and more effective export strategies in an increasingly competitive global market.
👀 But in the end, it remains… As of September 19, 2025, the Financial Regulatory Commission (FRC) confirmed that Gobi JSC has not yet submitted its official request or supporting documents to finalize the corporate status change. To protect minority shareholders, the FRC instructed the Mongolian Stock Exchange and relevant brokerage firms to safeguard investor rights. Until an official suspension order is issued, Gobi’s shares will continue to trade normally on the exchange.
🔙 THE MONTH IN REVIEW
🗳️ New Leader of Mongolia’s Democratic Party: O. Tsogtgerel, head of the Democratic Party caucus in parliament, was elected as the new chairman of Mongolia’s Democratic Party with majority backing from the party’s National Policy Council and extraordinary congress.
🏛️ 2026 Budget Submitted: The government has submitted the 2026 budget, projecting 5.7% economic growth with ₮33.4 trillion in revenue and reforms to prioritize health and education investment.
⛏️ Erdenes Tavan Tolgoi Hits 2025 Sales Peak: In August 2025, Erdenes Tavan Tolgoi sold 2.9 million tons of coal worth $158.1 million, marking its highest monthly sales volume of the year.
🇦🇺 Australian Governor-General Visits Mongolia: Australian Governor-General Samantha Mostyn arrived in Mongolia on September 4, 2025, marking the first state visit by an Australian Governor-General in 31 years, and held official talks with President U. Khurelsukh to elevate bilateral ties to a “Comprehensive Partnership.”
📉 Mongolia’s Exports Decline: Mongolia’s exports fell by 13.8% year-on-year in the first eight months of 2025, with total foreign trade turnover reaching $16.6 billion, driven mainly by declines in coal, washed cashmere, and crude oil.
💵 State Bank Issues $200M Bond: Mongolia’s State Bank successfully issued a $200 million bond on the international market to support current and future financing programs, with Moody’s rating the bank Baa2 and Fitch assigning a BBB rating.
🌍 Mongolia’s President Speaks at UNGA: On September 23, 2025, President Ukhnaagiin Khurelsukh addressed the 80th UN General Assembly, emphasizing peace, climate change, and sustainable development, while highlighting Mongolia’s commitment to UN peacekeeping operations and the SDG 2030 agenda.
📊 ADB Flags Risks to Mongolia’s Growth: According to the Asian Development Outlook, Mongolia’s economy is projected to grow by 5.7% in both 2025 and 2026, but weak demand for coking coal exports and heavy reliance on mineral resources highlight the need to diversify the economy to reduce risks.
🚀 TOP GAINER: 🔸 ArdCoin: Digital Gold for Mongolia 🇲🇳

🤔 What happened? ArdCoin first entered the market at just ₮1 per token and has since grown steadily; two weeks ago it was valued at ₮25, and as of September 24, 2025, it has reached ₮43 — marking a 43x increase from its initial listing.
📊 Market update: Compared to the same period in 2024, the price of ARDX has risen by around 137%, climbing from ₮15 to ₮35, while the total supply has decreased from 5.1 billion to 4.5 billion tokens due to burning, reinforcing its limited and deflationary nature.
💡 Why it matters: ArdCoin can be used not only as a tradable asset but also as a reward point across Ard’s ecosystem and over 1,000 partner merchants, providing users with discounts and loyalty benefits. The token is also supported on the iDAX exchange, ensuring liquidity and accessibility.
🔥 Unique feature: Unlike traditional loyalty points, ArdCoin cannot be newly issued; instead, it can only be burned, which strengthens scarcity and long-term value. This controlled supply mechanism has drawn comparisons to “digital gold” in Mongolia.
🤝🏻 Finally… With its growing adoption, strong community, and integration into Ard App services, ArdCoin continues to stand out as a homegrown blockchain success story, bridging innovative technology with real-world financial utility.
📈 Economic News: 🇲🇳 Mongolia, China, and Russia Extend Trilateral Economic Corridor Cooperation Until 2031 🇨🇳 🇷🇺
🤔 What happened? On September 2, 2025, the leaders of Mongolia, China, and Russia met in Beijing for the 7th trilateral summit, three years after their previous gathering in Samarkand. The three heads of state discussed the direction of trilateral cooperation and set out shared long-term objectives.
🤝 What was agreed?
The parties decided to extend the Mongolia–China–Russia Economic Corridor Program until 2031, while also reaffirming their commitment to align it with China’s Belt and Road and Russia’s “Greater Eurasia” initiatives. They emphasized expanding collaboration in transportation, logistics, trade, and customs facilitation, as well as creating a more favorable business environment across the region.
⚡ What else? Russia pledged to advance the construction of a natural gas pipeline through Mongolian territory to supply China, while all three countries agreed to strengthen cooperation in energy, infrastructure, tourism, and environmental protection. The leaders also highlighted the importance of deepening cultural and humanitarian ties alongside economic projects.
👀 Finally… The summit underscored Mongolia’s pivotal role in connecting its two powerful neighbors, with leaders affirming that trilateral cooperation would deliver tangible benefits to citizens of all three nations.
World economic and Stock market News in 5 minutes
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