Regulatory Alerts2021-04-27
Foreign Exchange Spot Trading Regulation of the Bank of Mongolia
The Bank of Mongolia issued this regulation to define its intervention principles in the domestic foreign exchange market to ensure stability and mitigate short-term rate fluctuations. It establishes the Foreign Exchange Trading Operational Council to decide intervention methods, which include auctions, the Foreign Currency Online Trading System, and direct dealing. The document details operational procedures for eligible commercial banks, including bidding rules, settlement requirements, and penalties for non-compliance.
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