Regulatory Alerts2013-09-13
Regulation on Central Bank Overnight Deposit
The Bank of Mongolia issued this regulation to govern overnight deposit operations by commercial banks as a monetary policy tool. It establishes eligibility criteria, including compliance with reserve requirements, and defines operational procedures for placing and returning deposits via the Interbank Electronic Trading System. The document also specifies interest calculation methods, sets limits on deposit amounts, and outlines penalties for non-compliance or insufficient funds.
Share