Just got to the office for my first day about two hours ago... So far its very quiet. I have been researching about Mongolia's economy, reading a lot documents about Mongolia's equity market, economic growth, political system, currency performance, IPOs (initial public offerings), FDI (foreign direct investment), M&A, (mergers and acquisitions), exports and geopolitical relations. Did you know that Mongolia has the second best performing currency in the world? Last year Mongolia's tugrik outperformed all the world's currencies for most of the year until the Australian dollar (AUD) surpassed it with only a few weeks left before year's end. When I say it was the best performing I mean that it appreciated in value relative to other currencies. That would mean that Mongolian purchasing power in the global market increases, but it became more expensive for other countries to trade with Mongolia...right?
Mongolia is also the second fastest growing economy globally and it is expected to be the fastest growing economy in 2013 with a projected growth rate of 20% when the Oyu Tolgoi copper and gold mine comes into operation. If I had a lot of money I would definitely invest in Mongolia.
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