Haven't heard any bad news from Mongolia. Does it survive the worse financial turmoil ever?

dude... Mongolia has pretty much been in finanical crisis since WW2.

Yes, relatively speaking. For like the last 2 weeks, the property price has fallen like about 20%?

Mongolia has been definitely affected, since the country's exports are mostly low-level commodities. The price of copper concentrates, the main export item, has halved in just under one month. This being resulted in less government revenue, cronies are now having hard time paying the salaries of their bureaucrats. And not exactly related to the global crisis, in our crowded financial sector, our banks have been making very high-risk long-term loans with low interest rates and now they are paying more margins to savings account holders to raise capital. They are basically losing a lot of money. But I am yet to hear any of the banks going bankrupt.

Urban Mongolians are definitely starting to feel the pinch. As for rural Mongolians who constitute 40% of our population and who live in a different plane of existence, this global financial crisis is almost nothing to them. Might be even better for them, because there will be less mining companies occupying their grazing grounds and polluting their rivers and creeks.

Well said.