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Mongolia – Mongolia border closure see goods prices sky rocketing, as Mongolians scramble to make ends meet

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Mongolia – Mongolia border closure see goods prices sky rocketing, as Mongolians scramble to make ends meet

China’s decision to close its borders with Mongolia ahead of the Winter Olympics in Beijing has heavily affected Mongolia, as the prices have increased tremendously.

As China has closed its borders to try to limit the threat of a spread of the COVID-19 pandemic, the Mongolian market has started suffering from inflation due to the country’s reliance on Chinse products and Chinese imports.

Deputy Minister of Foreign Affairs, B.Munkhjin explained that China’s policy to tackle the pandemic is “very strict,” adding that in case the authorities found a single case, the country would go into standstill. Munkhjin said that his country would like to ask China to adapt to the new norm as is the situation in Mongolia.

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Nina has worked for Inspire and Choice Group Asia since 2011 and loves to party when she can!

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