Bank of Mongolia

The Bank of Mongolia, or Mongolbank (Mongolian: ????????????????????), is the central bank of Mongolia. The main objective of the Bank of Mongolia is to ensure stability of the Mongolian t??gr??g. Within its main objective the Bank of Mongolia promotes balanced and sustained development of the national economy, through maintaining the stability of money, financial markets and the banking system. History A joint Mongolian-Russian bank, called the "Trade and Industry Bank of Mongolia" (Bank of Mongolia) was opened on June 2, 1924 with head office in Urga and a single branch in Altanbulag. At that time, the bank's capital was 260000 yanchaan (the currency of the period). It operated with 22 employees, 18 of which were Russian specialists and 4 of them were Mongolian. At the start, the joint bank was called by two names, "Trade and Industry Bank of Mongolia", and the "Bank of Mongolia", but it was named the Bank...

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wikidata.org 0 views · 2024-12-26 22:53:50