{{headers[selectedLogin]}}


Улаанбаатар хот, СБД, 1-р хороо, Энхтайваны өргөн чөлөө - 19

Утас: +976 7010 0261, 976 11 311944
Факс: +976 11 311944
Имэйл: info@tdbsecurities.mn
THE MINIMUM WAGE RATE IN MONGOLIA INCREASED TO MNT 320 THOUSAND PER MONTH

THE MINIMUM WAGE RATE IN MONGOLIA INCREASED TO MNT 320 THOUSAND PER MONTH


According to the the Minister of Labor and Social Protection Chinzorig.S, the minimum wage rate per month will be increased to MNT 320 thousand in 2019. As a result, the minimum wage rate per month has been increased by MNT 80 thousand since late 2017. In the future, the Mongolian Employers' Federation announced that the minimum wage rate will be increased to MNT 420 thousand per month in 2020. Currently, eight percent of all employees are paid a minimum wage.

'The law states that the minimum wage rate per month should be renewed every two years. A number of factors determined the minimum wage rate in Mongolia. The minimum ware rate  was set at MNT 1,904 per hour or MNT 320 thousand per month. This decision will be implemented in January 1, 2019. Eight percent of 1,1 thousand employees are paid a minimum wage' said the Minister of Labor and Social Protection Chinzorig.S.


Source: BloombergTv.mn 


Бусад мэдээ