Bank of Mongolia

Brief History

Established in 1924. The Government of Mongolia issued a resolution to conduct monetary reform on 22 February 1925. In accordance with this resolution, the Bank of Mongolia was enacted on authority to issue the national currency, togrog, in circulation, which was approved to consist of 25% for precious metal and foreign stable currency and 75% for marketable goods. In 1954, the Mongolian staff of the bank had increased to 98%, as compared to 18% in 1924. On the basis of this, the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account