DP caucus raises issue of Mongol Bank president’s resignation

At its regular meeting on Monday, the DP caucus discussed the recent increase in fuel prices and decided to raise the issue of Mongol Bank President L.Purevdorj’s resignation in Parliament.

MPs said Mongol Bank has not curbed the tugrik’s falling rate against the U.S. dollar and has not worked to stabilize currency rates. That is why the caucus previously decided to take measures against Mongol Bank President L.Purevdorj, Mineral Resources and Petroleum Authority Chief D.Amarsaikhan, and Authority for Fair Competition and Consumers Chief D.Mandakh for their insufficient work. Parliament has dismissed D.Amarsaikhan and D.Mandakh from their official duties but it has not discussed the resignation of L.Purevdorj.

Therefore the caucus decided that Parliament should urgently discuss the issue of L.Purevdorj’s resignation. Additionally, the caucus’s working group on petroleum importers is investigating whether the importers abused their monopoly by raising fuel prices.

DP caucus deputy chairman L.Gantumur told journalists there are reports that meat prices are increasing along with fuel prices, even though meat from the meat reserve is being sold at supermarkets. He noted that the Ministry of Food, Agriculture and Light Industry and the Mayor’s Office stated that 12,000 tons of meat has been reserved for capital residents to purchase.

L.Gantumur also said the Confederation of Trade Unions asked the caucus to address rising prices, and the caucus raised two issues. Firstly, the caucus will submit the issue of the Mongol Bank president’s resignation to Parliament because he has not stabilized currency rates. Secondly, the caucus working group is researching whether to end the monopoly of petroleum importers.

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