The “30 Minutes with the Prime Minister” meeting took place yesterday. The Prime Minister co-hosted the press conference with the President of the Central Bank. He raised the hot-spot issues of the week including the rise in currency and its future trends.

Critics say that the dollar exchange rate against the tugrik is increasing day by day. But it is nto unusual for currency rates to increase at the beginning of the year. Central Bank Head N.Zoljargal says that this is related to foreign trade turnover. Looking back at the currency changes in the last three years, the currency exchange rates in 2011 and 2012 were high compared to 2013. But this year, the dollar exchange rate against the tugrik has risen by 10 tugrik almost every day, which has drawn a lot of attention.

As of February 27^th, the Central Bank has made trades of 29 million U.S. dollars and 55 million Chinese yuan in order to stabilize the currency rate. The Central Bank head says there are few bases to stabilize currency rate and noted that the foreign trade deficit decreased this year for the first time. Gold deposits have increased, which will provide more opportunity to stabilize the currency rate. The Prime Minister appealed for producing products that will replace imports in order to save the economy.

The government and Central Bank have implemented a project to stabilize prices. Loans of around 700 billion tugrik have been given to construction companies to increase supply and stabilize construction prices. But journalists have asked about how effective the program is.

The project to stabilize prices will continue in the future. The Prime Minister says that the government is adhering to a policy to update the economy on the whole.