The Mongolian economy is in crisis. The country’s economy has been reliant far too readily on the fortunes of natural resources being exported into China & Russia for some time. This makes the fortunes of the Mongolian economy a very good barometer of what is really going on with the Chinese economy (safe to say we are well aware that the Russian economy has been hard hit by sanctions and low oil and gas prices). This month, the Mongolian currency (the tugrik) has totally collapsed as it became clear to observers that the government has used-up close to all of
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