Mongolian coal corruption and inflation problems are becoming increasingly serious. Large-scale protests broke out in the capital Ulaanbaatar . Mongolian people held high the Mongolian flag and gathered on Suhbaatar Square . asked not only to punish corrupt officials, but even disbanded the Mongolian parliament.
People gathered in Sukhbato Square to protest
A demonstration of thousands of people broke out in the capital of Mongolia
According to Pengpai News , recently, a public demonstration broke out in Ulaanbaatar, the capital of Mongolia. Thousands of protesters gathered in Sukhbato Square to try to impact the National Palace of the Government Building in Mongolia. Demonstrators held signs "Our country is collapsing" and launched a protest in the severe cold.
As the emotions of the demonstrators became increasingly radical, there was a possibility that the scene would escalate into a large-scale riot. The Mongolian government directly dispatched hundreds of police officers to stand in front of the National Palace to form four rows of human walls to block the protesters. After the police intervened, they successfully dispersed a large number of people gathered in the square, and most of the protesters had also left the protest site.
Protesters held high the Mongolian flag
This demonstration has lasted for three days. It is also the second recent demonstration in Mongolia. Among the protesters participating, young people are mostly young, and some herders have also participated. is to require the government to deal with domestic coal corruption and inflation problems.
Coal corruption in Mongolia is serious
Coal corruption in Mongolia is mostly related to the illegal theft of coal. At present, the country's coal embezzlement has reached 6.5 million tons, and the total amount has also reached 60 trillion Tugerik , which is approximately US$1.8 billion.
Mongolia's anti-corruption agency has also launched an investigation into coal corruption incidents. The targets include Erdenes Tavan Tolgoi (Mongol ETT), a state-owned coal mine company in Mongolia, and more than 30 people involved, including the CEO of the company. It is worth noting that ETT controls mineral deposits and coking coal in Mongolia and is an important source of income for Mongolia's national budget.
The police stationed a wall in front of the National Palace Museum to block the protesters
In addition, the Mongolian domestic cabinet also held a press conference on theft of coal income. Due to suspected interference from external forces, the investigation process is relatively complicated. The Mongolian government even used diplomatic channels to issue investigation requests to countries that may have participated. .
Mongol domestic inflation rate soars
Not only does coal corruption, but the inflation problem in Mongolia is also very serious. Now Mongolia's domestic inflation rate has soared to 15.2% . International Monetary Fund (IMF) predicted in its economic outlook report that Mongolia's inflation rate in 2022 will directly reach 15.5%. Now it seems that the IMF's prediction is correct. After all, the inflation rate in Ulaanbaatar, the capital of Mongolia, has reached 15.8% in recent months alone.
Police responded to protesters near National Palace
Due to Mongolia's oil products, it is extremely dependent on imports, and the world situation after the outbreak of the Russian-Ukrainian conflict has caused a rise in global oil prices. Not only is there a shortage of oil supply in Mongolia, but transportation channels are still blocked. Domestic oil prices have risen sharply, prices have also soared, and domestic inflation has remained high.
Mongolia Central Bank also raised its policy interest rate at one time to curb the national inflation rate, but it has little effect. , especially when most countries in the world are also deeply troubled by inflation, it is still difficult for Mongolia to solve it in a short time.
