Bank of Mongolia gains greater independence under new law

A view of the Mongolian steppe
Mongolia has been recovering strongly from its economic crisis, with the help of an IMF support package

The Bank of Mongolia (BoM) is now governed by a new central bank law, implemented as part of a rescue package in the wake of the 2016 economic crisis.

Mongolia’s parliament handed three amended regulations to the BoM on March 21, including the central bank law, a banking law and a deposit insurance law. These were first submitted to the parliament in November 2017.

Amendments on money laundering and terrorist-financing prevention law will be released shortly, the BoM said last month.

All of

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: