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Pensioners in Mongolia “forgive” all loans

Пенсионерам в Монголии «простили» все кредиты

The President of Mongolia, Khaltmagiin Battulga decided to make a generous gift to all pensioners of the country ahead of the upcoming parliamentary elections in 2020.

In his holiday video, he announced that all citizens of retirement age will be written off debts on loans.

In total, “forgive” will have nearly 200 thousand debtors, many of which were forced to pay quite a large amount.

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“I am pleased to announce that the national security Council of Mongolia has decided to repay the loans to all pensioners to help them get out of debt,” — said Battulga.

It is noted that such decisions are the responsibility of Parliament, not of the national security Council.

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