Mongolia Adopts Protective Purchase Price For Cashmere
The Mongolia government convened a previous regular meeting to adopt the "Regulations on interest subsidies for cashmere production enterprises' loan to the cashmere production enterprises", so as to implement the national great resolution of the "measures taken in respect of the price of meat and cashmere". At the same time, the leaders of all provinces, counties and villages should be responsible for the detailed calculation of the amount of cashmere, the amount of money used to buy cashmere, and the storage facilities before July 1st.
The government, the Bank of Mongolia and the wool and cashmere Association will sign a memorandum to cooperate in providing commercial banks with loans to enterprises, and issuing loans interest subsidies.
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