A new Bank of Mongolia

The name Mongolia typically conjures up images of the warrior Genghis Khan, nomadic wanderers living in yurts, and a sizeable barren outpost of Soviet domain. While these associations are reflective of the Mongolian experience, the country has sought to reinvent itself within the context of an open-market, capitalist society. The country's central bank, Bank of Mongolia, has been the catalyst behind much of the progress being effected.

Market reforms from the socialist minded

The collapse of the

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