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Mongolia

Yearbook 1996

Mongolia. After 75 years of communist rule, there was a regime change in the parliamentary elections in June. The Reformed Communists of the Mongolian Revolutionary Party (Mongol Ardyn Chuvisgalt Nam) had managed to retain power in the free elections in 1992, but were now given only 25 of the 76 seats in Parliament. Victory made an alliance of two opposition parties, the Mongolian Democratic Union (Mongolyn ardtjilsan cholboo evsel), which received 50 seats. The new Prime Minister was appointed Democratic Unionist Mendsajhanij Enhsajhan, an economist who was previously Chief of Staff to President Punsalmaagijn Otjirbat.

1996 Mongolia

According to Countryaah.com, the new government had to take over a country in an economic crisis so deep that the largest commercial bank, the half-state-owned People's Bank, had to be closed after losing nearly SEK 200 million. The economic situation was further aggravated by the hundreds of fires that devastated large parts of the country during the spring and early summer. More than 100,000 square kilometers of forest and cultivation land were destroyed, and large numbers of livestock fell.

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