Lkhagvasuren Byadran on geopolitics, gold and 100 years of central banking on the steppe
Bank of Mongolia’s governor speaks about monetary and financial reform, embracing AI and fintech, and Mongolia’s new SWF
The Bank of Mongolia is celebrating its centenary this year. It started out as the joint Mongolian-Russian Trade and Industry Bank of Mongolia in June 1924 and, the following year, issued the ‘new’ national currency, the tugrik, which joined the gold standard at a level of one tugrik for $0.518 in 1928. What were the main areas of focus for the central bank in those early days and through the Communist period?
Since ancient times, Mongolia has thrived as a centre of commerce and trade, boasting a
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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary Policy
BIS predicts AI will be inflationary in long term
Expects accelerated inflation dynamics as firms adjust prices in response to shocks
Over 25% of central banks pre-brief government on policy decisions
Briefing patterns differ across institutions, as two central banks start practice
Laotian central bank raises rates amid high inflation
Inflation in Laos has been above 20% due to weak local currency
One-third of central banks offer liquidity to non-banks
But most keep the list of counterparties strictly limited
Thai governor clashes with government over inflation target
Sethaput warns of inflation risks amid ongoing dispute with prime minister
SNB cuts rates by 25 basis points
Decrease prompted by sub-1% inflation forecast
Bank of England holds rates as services inflation lingers
“We need to be sure that inflation will stay low,” governor Andrew Bailey says
Bank Indonesia holds policy rate despite rupiah weakness
Governor Perry Warjiyo vows further intervention to support the currency
Most read
- PBoC overhauls monetary policy framework
- Digital euro ‘may require’ battery-powered cards for offline use
- Non-banks in RTGSs: greater efficiency or more risk?