Day 820: Mongolia Thanks China That Currency Descends Slowly Instead Of Plummeting

Mongolia's government has recently imprisoned American Justin Kapla and Filipinos Cristobal David and Hilarion Cajucom Jr. as part of the government's ongoing battles with foreign owned mining companies SouthGobi Resources, Turquoise Hill Resources and Rio Tinto. The men are in their 820th day of being detained in Mongolia. During this time, Mongolia's battles with foreign mining companies have caused a decline in foreign investment that has wreaked havoc on Mongolia's economy and caused a decline in its Tugrik currency near 50%. Yet the currency would likely be in free fall if not for the geopolitical motivations of China.