The minimum wage has been revised to 550,000 MNT from January 1, 2023.

At today's meeting of the tripartite National Committee for Labor and Social Partnership, on May 4, 2022, the issue of resetting the minimum wage was discussed.

The National Committee decided to increase the national minimum wage from January 1, 2023, to 3,273 MNT 81 per hour or 550,000 MNT per month.

As a result, the minimum wage is changed from 130 thousand MNT to 420 thousand MNT which means it is increased by 31 percent,.

Also, the tripartite National Committee for Labor and Social Partnership will set the minimum wage for 2024 within the first quarter of 2023.