GOM Can Not Be Trusted
President submits bill to have OT and TT transactions pass through Bank of Mongolia.
Isn't this the same issue that stalled the IMF bailout?
https://asia.nikkei.com/Politics/Mongolia-to-revise-new-law-after-IMF-postpones-bailout2
They never learn. Now that they have the money they're trying to squeeze Foreign Direct Investment (FDI) again. Investors should remember "Hotel Mongolia". Once you check in you may not be able to get yourself or your money out. SouthGobi was once a TRQ subsidiary that was screwed out of a $900 million deal by the Gov't of Mongolia (GOM). Never forget.
https://www.latimes.com/world/asia/la-fg-mongolia-mining-tax-evasion-20150226-story.html