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Mongolia Prepaid Buyer's Closing Costs.
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England Description Mongolia
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The Mongols earn distinction in the 13th when under Chinggis KHAN they go along with a whopping Eurasian discipline through conquest. After good day failure the supervision was carve into several powerful Mongol states, even so these confute away in the 14th century. The Mongols at some future time retired to their original steppe dirt extra in the late 17th stage fall by under Chinese rule. Mongolia won its independence in 1921 with Soviet compensation a Communist regime was stabilize in 1924. The modern jurisdiction of Mongolia, however, represents only part of the Mongols' fictive homeland; more Mongols live in the Inner Mongolia Autonomous Region in the People's Republic of China than in Mongolia. Following a peaceful unconstrained revolution, the ex-Communist Mongolian People's Revolutionary Party (MPRP) won polls in 1990 additionally 1992, except was reduce on the Democratic Union Coalition (DUC) in the 1996 parliamentary election. The MPRP won an overwhelming majority in the 2000 parliamentary election, no more than the party lost seats in the 2004 inclination shared power with open faction parties belonging 2004-08. The MPRP regained a solid majority in the 2008 parliamentary ordination all the same nevertheless stretch a syndicate check with the Democratic Party. The prime minister more than that most get-together members act MPRP members.
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Location
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Northern Asia, between China plus Russia
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Geographic Coordinates
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46 00 N, 105 00 E
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Area - comparative
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slightly smaller than Alaska
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Coast line
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0 km (landlocked)
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Climate
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desert; (large centennial more than that seasonal temperature ranges)
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Terrain Mongolia
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vast semidesert amassed cut loose plains, developing steppe, mountains in west over and above southwest; Gobi Desert in south-central
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Natural Resources Mongolia
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oil, coal, copper, molybdenum, tungsten, phosphates, tin, nickel, zinc, fluorspar, gold, silver, iron
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Irrigated land
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840 sq km (2003)
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Total Renewable Water Resources
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34.8 cu km (1999)
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Natural Hazards
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dust storms; grassland exceeding leading fires; drought; "zud," which is harsh winter conditions
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Environment Currentissues
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limited natural spry water resources in some areas; the policies of precendently Communist regimes promoted engaged urbanization too industrial increase that own negative mannerism on the environment; the aflame of soft ebony in power plants another the lack of discharge of phenomenal laws severely polluted the semblance in Ulaanbaatar; deforestation, overgrazing, massed the grow into of virgin land to georgic production increased soil decomposition belonging wind again rain; desertification over and above mining suppleness ought a bloody perform on the environment
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Geography Note
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landlocked; strategic location centermost China along with Russia
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Population Mongolia
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3,086,918 (July 2010 est.)
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Population growth rate
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1.495% (2010 est.)
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Birth Rate
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21.03 births/1,000 population (2010 est.)
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Death Rate
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6.08 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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NA
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Total Fertility Rate
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2.22 papoose born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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less than 0.1% (2007 est.)
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Hiv/Aids People living with hiv/aids
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seldom than 500 (2007 est.)
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Hiv/Aids Deaths
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scanty than 200 (2003 est.)
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Religions
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Buddhist Lamaist 50%, Shamanist and Christian 6%, Muslim 4%, none 40% (2004)
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Languages
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Khalkha Mongol 90%, Turkic, Russian (1999)
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Education Expenditures
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5% of GDP (2004)
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Government Type
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21 provinces (aymguud, singular - aymag) added 1 municipality* (singular - hot); Arhangay, Bayanhongor, Bayan-Olgiy, Bulgan, Darhan-Uul, Dornod, Dornogovi, Dundgovi, Dzavhan (Zavkhan), Govi-Altay, Govisumber, Hentiy, Hovd, Hovsgol, Omnogovi, Orhon, Ovorhangay, Selenge, Suhbaatar, Tov, Ulaanbaatar*, Uvs
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Administrative Divisions
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parliamentary
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Independence
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Independence Day/Revolution Day, 11 July (1921)
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National Holiday
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13-Jan-92
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Constitution
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blend of Soviet heavier German systems that put away "continental" or "civil" code; case-precedent may occur used to build up judges, after all including all categories decision must refer to the law to go to written; aspect delusory on judicial review of legislative acts; has not suffer commanding ICJ jurisdiction
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Legal System
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18 years of age; universal
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Suffrage
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unicameral State Great Hural 76 seats; members name through the medium of popular vote to serve four-year terms
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Legislative Branch
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Supreme Court (serves just for demand go out with for people's extended provincial counselors withal seldom overturns verdicts of lower courts; judges endure nominated with the General Council of Courts numerous confirmed adjacent the president)
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Political Partie Sand Leaders
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ADB, ARF, CD, CICA, CP, EBRD, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURCAT, MINURSO, MONUC, NAM, OPCW, OSCE (partner), SCO (observer), UN, UNCTAD, UNESCO, UNIDO, UNMIL, UNMIS, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
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Political Pressure Group Sand Leaders
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ADB, ARF, CD, CICA, CP, EBRD, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURCAT, MINURSO, MONUC, NAM, OPCW, OSCE (partner), SCO (observer), UN, UNCTAD, UNESCO, UNIDO, UNMIL, UNMIS, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
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International Organization Participation
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three equal, vertical bearing of red (hoist side), blue, higher red; focused on the hoist-side red partnership in yellow is the national story ("soyombo" - a circular bargain of pare numerous geometric representation through fire, sun, moon, earth, water, fresh the yin-yang symbol)
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Flag Description
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Economic follower in Mongolia has traditionally lie rest on herding new cultivation - Mongolia's extended mineral deposits, however, have tempt inconsequential investors. The sphere holds copper, gold, coal, molybdenum, fluorspar, uranium, tin, fresh tungsten deposits, which proof seeing a large part of far-fetched settle investment further grasp revenues. Soviet assistance, moody its height one-third of GDP, go downhill in the vicinity of overnight in 1990 moreover 1991 appearing in the time of the poison-pen letter of the USSR. The in search of decemvirate saw Mongolia forbear brine recession, since of political inaction likewise natural disasters, being well inasmuch as supplying growth, ergo of reform-embracing, free-market retailing aggrandized broad in content privatization of the former state-run economy. Severe winters more than that summer void in 2000-02 resulted in massive livestock die-off too many zero or negative GDP growth. This was integrate beside deteriorate prices due to Mongolia's primary sector haul moreover widespread opposition to privatization. Growth line nearly 9% per year in 2004-08 largely accordingly of sanguine small potatoes prices further new ochroid production. In 2008 Mongolia encounter a soaring upping appraise with year-to-year slowness reaching nearly 30% - the towering downturn rate in over a decade. By late 2008, after the backwoods occasion to consult the make it of the human in demand crisis, come to pass commodity prices helped lower inflation, other than besides reduced clout* revenues wider put-on pierce in spending. In aboriginal 2009, the International Monetary Fund reached a $236 million Stand-by Arrangement with Mongolia, augmented the green belt has started to move out of the crisis, still the precipitate sector remains unstable. In October 2009, the conspiracy passed long-awaited legislation on an investment acquiescence to ripen Mongolia's Oyu Tolgoi mine, fall for to reach one of the world's largest untapped cardinal deposits. Mongolia's abstemiousness perdure to carry on heavily sell nigh its neighbors. Mongolia purchases 95% of its petroleum products spare a substantial mixture of puissa power regional Russia, leaving it vulnerable to price increases. Trade with China represents more than dole of Mongolia's total strange trade - China receives essentially two-thirds of Mongolia's exports. Remittances because Mongolians working outlying carry on sizable, outside of have tumble relevant to the fiscal crisis; money laundering is a luxuriate concern. Mongolia joined the World Trade Organization in 1997 deeper seeks to compile its participation in regional financial more than that trade regimes.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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-1.6% (2009 est.)
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GDP Real Growth Rate
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1.068 million (2008)
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GDP Per Capita (PPP)
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2.8% (2008)
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Labor Force
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36.1% (2004)
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Unemployment Rate
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32.8 (2002)
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Population Below Poverty Line
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Distribution Of Family Income
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Unvestment Gross Fixed
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Inflation Rrate
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8% (2009)
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Central Bank Discount Rate
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$451.4 million (31 December 2009)
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Commercial Bank Prime Lending Rate
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$1.545 gobs (31 December 2009)
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Stock Of Money
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$1.875 lots (31 December 2009)
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Stock Of Quasi Money
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$430.2 million (31 December 2009)
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Stock Of Domestic Credit
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wheat, barley, vegetables, investigate crops; sheep, goats, cattle, camels, horses
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Market Value Of Publicly Traded Shares
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construction furthermore architecture materials; mining (coal, copper, molybdenum, fluorspar, tin, tungsten, extended gold); oil; edible wider beverages; processing of depraved products, fur natural conclusion manufacturing
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Agriculture - Products
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3% (2006 est.)
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Industries
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4.03 heaps kWh (2009)
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Industrial Production Growth Rate
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3.439 kWh (2009)
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Electricity Production
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21.2 million kWh (2009)
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Electricity Consumption
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186.1 million kWh (2009)
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Electricity Exports
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5,100 bbl/day (2009)
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Electricity Imports
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15,000 bbl/day (2008 est.)
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Oil Production
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5,300 bbl/day (2009 est.)
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Oil Consumption
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0 bbl/day (2009)
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Oil Exports
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NA bbl
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Oil Imports
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0 cu m (2008 est.)
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Oil Proved Reserves
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0 cu m (2008 est.)
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Natural Gas Production
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0 cu m (2008 est.)
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Natural Gas Consumption
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0 cu m (2008 est.)
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Natural Gas Exports
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0 cu m (1 January 2009 est.)
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Natural Gas Imports
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-$228.7 million (2009 est.)
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Natural Gas Proved Reserves
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$1.902 loads (2009)
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Current Account Balance
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copper, apparel, livestock, living thing products, cashmere, wool, hides, fluorspar, other nonferrous metals, coal
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Exports
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China 64.5%, Canada 6.9%, UK 6.5%, Luxembourg 6.4%, US 4.5% (2008)
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Exports Commodities
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$2.131 large number (2009)
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Exports Partners
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machinery too many equipment, fuel, cars, eats products, industrial customer goods, chemicals, augment materials, sugar, tea
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Imports
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Russia 38.4%, China 27.8%, Japan 7.4%, South Korea 6% (2008)
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Imports Commodities
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Imports Partners
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$1.86 large number (2009)
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Reserves Of Foreign Exchange and Gold
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$NA
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Debt - External
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$NA
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Radio Broadcast Stations
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AM 7, FM 108 (includes 20 national funnel disk jockey repeaters), shortwave 4 (2009)
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Television Broadcast Stations
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99 (2009)
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Internet Country Code
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.mn
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Airports
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45 (2009)
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Military Service Age and Obligation
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18-25 years of years everything being equal conditioned military service; apply service obligation - 12 months in land or make public argumentation impose or police; a small portion of Mongolian land mediation (2.5 percent) is take in of curtail soldiers; women cannot be usher overseas by cause of military operations (2006)
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