🗞️Top Highlights from November

In partnership with

December is Here. Let’s Finish 2025 Strong and Together! 👋 November brought major developments across Mongolia’s political and economic landscape: Uchral Nyam-Osor was appointed Speaker of Parliament, the new edition of Digital Gold marked progress in the domestic blockchain ecosystem, and ETT’s export performance continued to support the broader economy.

It was also a month filled with national pride. Mongolia’s team delivered an outstanding performance on Netflix’s Physical: Asia, securing second place and showcasing the strength, discipline, and resilience of Mongolian athletes on the global stage. 🇲🇳💪

Congratulations to our warriors may they ride forward with the spirit of champions!

Warriors, mount up. 🇲🇳🏹 

📰 Today’s Edition Features the Following Headlines:

• 🏛️ Uchral Nyam-Osor Becomes Speaker. Reform Momentum or Rising Political Friction? 🇲🇳

• 📘“Digital Gold” 3rd Edition Released in Partnership with ArdCoin 🔸

• ⛏️ ETT’s growth is boosting the economy, but what comes next? 📊

Delivering key insights from the stock markets and the economy. 🤗

As of November 2025, the S&P 500 index had declined by 0.61%, while the Nasdaq 100 index fell by 1.84%. Bitcoin also dropped by 15.79%, whereas ArdCoin, in contrast, surged by 31.27%.

A total of ₮28.7 billion worth of trades were executed on the Mongolian Stock Exchange, of which ₮1.2 billion or 4.42% was contributed by Ard’s publicly listed companies.

📊 POLITICAL NEWS: 🏛️ Uchral Nyam-Osor Becomes Speaker. Reform Momentum or Rising Political Friction? 🇲🇳

🤔 What happened? The State Great Khural has elected Uchral Nyam-Osor, Chair of the Mongolian People’s Party (MPP) and Member of Parliament, as the new Speaker. He was nominated by the MPP caucus and secured 82.5% support in the official vote.

At age 38, he becomes the 14th Speaker in Mongolia’s parliamentary history.

Meanwhile, the Democratic Party caucus expressed concerns, arguing that having the ruling party’s chair concurrently serve as Speaker may undermine institutional balance and political neutrality.

📊 What it means: Uchral’s appointment to the second-highest constitutional office strengthens the MPP’s influence in Parliament. With both party leadership and the Speaker’s authority consolidated in a single individual, legislative and governance reforms could advance more rapidly. However, this concentration of power also raises new concerns regarding the independence of Parliament and the preservation of checks and balances.

💡 What else? Uchral has held several high-level roles, including:

• Minister of Digital Development & Communications

• Minister in charge of Government Services

• Deputy Prime Minister & Minister of Economy and Development

• Member of Parliament (since 2016)

His appointment marks a significant political shift as he takes on the country’s second-highest constitutional office. 🏛️

 👀 Finally… For businesses and investors, Uchral’s appointment signals policy continuity under a dominant ruling party, but maintaining institutional balance will be critical. Legislative reform particularly in digital governance, economic regulation, and the investment environment may accelerate. The key question now is whether the new Speaker can advance reforms while upholding political equilibrium and institutional independence. The answer will significantly shape Mongolia’s policy landscape and investor confidence.

🔙 THE MONTH IN REVIEW

• 💴 Golomt Bank Issues ¥15 Billion Samurai Bond on Japanese Market: Golomt Bank issued a ¥15 billion, 3-year Samurai bond, jointly underwritten by SMBC and SMBC Nikko. The bond was oversubscribed, reflecting strong investor demand and confidence.

• 🪙 Mongolbank Purchases 2.8 Tons of Precious Metals in October: The Bank of Mongolia bought 2.8 tons of precious metals in October, though monthly purchases were 10.3% lower than last year due to weak deliveries. Gold prices fell from above $4,300 to around $3,980.

• 💵 Mongolia’s Foreign Exchange Reserves Reach Record High of USD 5.9 Billion: Mongolia’s FX reserves rose by USD 700 million in four months, reaching a record USD 5.9 billion, supported by strong coal exports, revived border trade, and tighter fiscal discipline.

• 🌾 Mongolia’s Harvest Drops by 40% in 2025: Mongolia harvested 745,000 tons of crops in 2025, down 40% year-on-year. Despite declines, domestic wheat output will meet 62.5% of demand. Extreme heat and low rainfall drove the drop.

• 🛒 Mongolia’s Trade Sector Revenue Reaches ₮48.5 Trillion in 2025: The trade sector earned ₮48.5 trillion in the first nine months of 2025, up 0.6%. Non food goods made up 77.6%, while food items accounted for 22.4%. Agricultural raw material trade grew, but vehicle and machinery sales fell.

• 📊 Mongolia’s GDP Reaches ₮60.1 Trillion on an Annualized Basis: GDP reached ₮60.1 trillion in the first nine months, increasing by ₮4.7 trillion. Exports totaled ₮15.9 trillion (+2.4%), and imports reached ₮25 trillion (+0.3%).

• 👨‍👩‍👧 Average Monthly Household Income Rises to ₮1.9 Million:Average monthly household income hit ₮1.9 million in Q3, rising by ₮71.7 thousand. Expenditures also grew to ₮1.9 million, reflecting persistent inflation.

• 💰 Mongolia’s Money Supply Reaches ₮45 Trillion, Showing Strong Growth: Money supply expanded to ₮45 trillion in the first 10 months. Tugrik savings grew by ₮3.2 trillion, FX savings by ₮5.5 trillion, but rapid credit growth raised risk concerns.

• 🇲🇳 Google Pay Officially Launches in Mongolia: Google Pay launched in Mongolia, aligning local payments with global digital standards. The central bank is updating regulations to advance digital finance.

• 🌍 Mongolia Elected to UNESCO World Heritage Committee (2025–2029): Mongolia won a seat on the UNESCO World Heritage Committee with 97 votes, gaining a direct role in global heritage policymaking and regional cooperation.

🔥 HOT NEWS: 📘“Digital Gold” 3rd Edition Released in Partnership with ArdCoin

🤔 What happened? The updated third edition of “Digital Gold”, a comprehensive book on Bitcoin and blockchain technology, has officially been released in collaboration with ArdCoin, Mongolia’s first cryptocurrency.

The new edition covers everything from the origins of money to the latest advancements in blockchain and the current state of Bitcoin. A limited number of copies signed by the editorial team are now available exclusively through the Ard App, with broader distribution across Internom bookstores beginning this week.

• 📊 What it means: The release highlights the growing public interest in digital assets and underscores the expanding role of blockchain technology in Mongolia’s financial landscape. As cryptocurrencies and decentralized systems gain wider adoption globally, the partnership between “Digital Gold” and ArdCoin strengthens Mongolia’s position in the regional digital economy.

It also signals increasing momentum for financial literacy related to digital assets, which is crucial for future regulatory development and market transparency.

💡 What else?

The book serves not only as a technological guide but also as an educational bridge for policymakers, investors, and general readers who want to understand the economic and regulatory implications of blockchain.

As Mongolia advances its digital finance agenda from e-governance to crypto related innovation resources like “Digital Gold” are becoming valuable reference tools in shaping informed public and institutional dialogue.

👀 Finally… For investors and industry observers, the new edition arrives at a time when global crypto markets remain highly dynamic. Strengthening public knowledge about blockchain can help reduce speculation driven risks and support more sustainable market participation.

The key takeaway: Digital literacy and crypto education are becoming strategic foundations for Mongolia’s future digital economy and this release is a timely step in that direction.

📈 MINING SECTOR UPDATE: ⛏️ ETT’s growth is boosting the economy, but what comes next? 📊

🤔 What happened? Following the expiry of the Government-imposed special supervision on October 23, operations at Erdenes Tavan Tolgoi (ETT) have resumed at full capacity. Since the appointment of the new Acting CEO, the company has executed 31 coal export transactions, selling 2.78 million tons of coal worth USD 206.4 million.

Industry experts report that ETT achieved its highest monthly export volume of 2025 in November.

📊 What it means: The surge in coal exports is providing broad positive support to Mongolia’s economy, particularly through increased foreign currency inflows. Higher coal export revenue is helping to:

• Boost the country’s foreign exchange reserves

• Stabilize the MNT exchange rate

• Strengthen overall macro economic resilience

ETT’s recovery also reflects renewed operational discipline after the period of government supervision.

💡 What else? The company’s management team has focused heavily on increasing sales efficiency. By the end of November, ETT had completed 25 additional transactions, exporting more than 2 million tons of coal worth USD 159 million through the commodity exchange marking the largest monthly sales total of the year.

Sector analysts highlight that this improvement is contributing meaningfully to Mongolia’s fiscal outlook and external balance.

👀 Finally… For policymakers and investors, ETT’s rebound signals renewed momentum in Mongolia’s mining sector, which remains a key driver of national revenue and foreign currency earnings. Sustaining this level of export performance will be critical for:

• Maintaining exchange rate stability

• Supporting fiscal consolidation

• Improving sovereign credit sentiment

The key question ahead: Can ETT maintain operational stability and high export volumes in the coming months? The answer will significantly influence Mongolia’s external sector and broader economic outlook.

https://ardnews.beehiiv.com/subscribe

World economic and Stock market News in 5 minutes

Are You Ready to Climatize?

Climatize is an investment platform focused on renewable energy projects across America.

You can explore vetted clean energy offerings, with past projects including solar on farms in Tennessee, grid-scale battery storage in New York, and EV chargers in California.

Each project is reviewed for transparency and offers people access to fund development and construction loans for renewable energy in local communities.

As of November 2025, more than $13.2 million has been invested through the platform across 28 renewable energy projects. To date, over $3.6 million has already been returned to our growing investor base. Returns are not guaranteed, and past performance does not predict future results.

Check out Climatize to explore clean energy projects raising capital. Minimum investments start with as little as $10.

Explore Climatize

_{Climatize is an SEC-registered & FINRA member funding portal. Crowdfunding carries risk, including loss.}