Regulatory Alerts2022-05-27
Law of Mongolia on Central Bank (Bank of Mongolia)
The Parliament of Mongolia enacted this law to establish the legal framework, organizational structure, and operational powers of the Bank of Mongolia. The legislation mandates the Bank to ensure national currency stability and implement state monetary policy through instruments such as reserve requirements, open market operations, and interest rate management. It further defines the Bank's exclusive authority to issue currency, supervise the banking sector and payment systems, manage international reserves, and act as the government's fiscal agent while prohibiting commercial activities.
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