Minimum monthly wage has been set to 240,000 MNT from 192,000 MNT starting Jan 1st, 2017.
As a result of persistent demand by the Confederation of Mongolian Trade Union, minimum monthly wage has increased by 25 percent.
In this regard, amount of civil fines and penalties in Mongolia have increased by 25 percent.
According to the law of Mongolia, fines and penalties are based on the minimum monthly wage.
For instance, penalty for driving vehicle with an expired inspection sticker may result in fines between 120,000 MNT, equal 50 percent of the minimum monthly wage.
Minimum monthly wage has been set to 240,000 MNT from 192,000 MNT starting Jan 1st, 2017.
As a result of persistent demand by the Confederation of Mongolian Trade Union, minimum monthly wage has increased by 25 percent.
In this regard, amount of civil fines and penalties in Mongolia have increased by 25 percent.
According to the law of Mongolia, fines and penalties are based on the minimum monthly wage.
For instance, penalty for driving vehicle with an expired inspection sticker may result in fines between 120,000 MNT, equal 50 percent of the minimum monthly wage.