N.Bayartsaikhan: "Central Bank of Mongolia works closely with commercial banks

2016-12-20 15:23:08

Ulaanbaatar /MONTSAME/ “Mongolbank will work closely with commercial banks for overcoming economic difficulties”, stressed President of the Central Bank of Mongolia N.Bayartsaikhan addressing the 11th Conference of Mongolian Bankers Association on December 15.

N.Bayartsaikhan called for all the commercial banks to support the policy and decisions of the Central Bank, and actively cooperate with it. “During the period when the country is confronted with economic challenges, Mongolbank will implement soft monetary policy. So, it is envisioned that the money supply would increase in 2017”, he noted.

The Conference brought together the Central Bank’s presidents of all generations and reps of Mongolian commercial banks.