Ulaanbaatar
Financial Stability Council holds irregular meeting
Economy
Ulaanbaatar /MONTSAME/. On February 28, an irregular meeting of the Financial Stability Council took place.
During the meeting, Head of the Macroeconomic Policy Division of the Economic Policy Department at the Ministry of Finance J.Ganbayar, Director General of the Monetary Policy Department of the Bank of Mongolia B.Bayardavaa, and Director General of the Payment Systems Department of the Bank of Mongolia E.Anar made presentations on the impact of the Russia-Ukraine crisis on Mongolia’s economy, the country’s economic outlook and some possible measures, and the financial sanctions that have been imposed on Russia.
After discussing policy measures that could be taken in connection with the situation, the Council made a decision to submit the corresponding information to the National Security Council.
Furthermore, it was decided to develop a guideline on implementing certain policy and measures in order to ensure financial and macroeconomic stability and allow normal operations in the sector, reported the central bank.
With Minister of Finance B.Javkhlan as the Chair, the meeting was attended by Governor of the Bank of Mongolia B.Lkhagvasuren, Chairman of the Financial Regulatory Commission D.Bayarsaikhan, Acting CEO of the Deposit Insurance Corporation of Mongolia S.Baatarsuren, and other experts.
