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The flag of Mongolia (Mongolian: Монгол улсын төрийн далбаа, romanized: Mongol ulsyn töriin dalbaa, lit. 'State flag of Mongolia') is a vertical tricolor with a red stripe at each side and a blue stripe in the middle, with the Mongolian Soyombo symbol centering on the leftmost stripe. The blue stripe represents the eternal blue sky, and the red stripes thriving for eternity. The Soyombo symbol is a geometric abstraction that represents fire, sun, moon, earth, water, and a Taijitu symbol representing the duality of yin and yang. The current flag was adopted on 12 January 1992, with the current official color standards being set on 8 July 2011. Until 1992, the flag had a communist star above the Soyombo, during the final 47 years of the Mongolian People's Republic. It has been commonplace among Mongolians in the Inner Mongolia to hang the flag.

Source: Wikipedia