Presidential elections were held in Mongolia on 24 May 2009. It was contested between incumbent Nambaryn Enkhbayar, supported by the Mongolian Peoples Revolutionary Party, and Tsakhiagiin Elbegdorj, who had support of the Democratic Party and the opposition parties. Elbegdorj declared himself the victor before the count was official but based on his partys counts. Enkhbayar admitted a narrow defeat shortly after and said that he would respect the result. The election was the first in Mongolian history where an incumbent president failed to win reelection.
Next Election : 2013 [1]

[1] - http://en.wikipedia.org/wiki/Mongolian_presidential_election,_2009