The BCM and Bank of Mongolia signed a MoU

On 18 October 2023, the Business Council of Mongolia and the Bank of Mongolia held a signing ceremony for a Memorandum of Understanding between the two organizations, with BCM Chairman Ts. Tumentsogt and Bank of Mongolia Vice President G. Enkhtaivan signing the document. The MoU entails cooperation between the BCM and the Bank of Mongolia on improving the banking and investment sectors, information exchange to reduce sectoral risks, and research cooperation.

After the signing of the MoU, the BCM and the Bank of Mongolia held a roundtable on 2024 monetary policy. The purpose of this meeting is to discuss the government's draft monetary policy with policymakers from the Parliamentary Economic Standing Committee and officials from the Bank of Mongolia. Officials also sought feedback and comments from the business community.

The following officials participated in the roundtable:

- Ch. Undram, Member of Parliament, Head of Working Group
- G. Enkhtaivan, Vice President, Bank of Mongolia
- D. Gan-Ochir, Chief Economist, Bank of Mongolia
- B. Bayardavaa, Director, Monetary Policy Department, BoM
- E. Anar, Director, Payment Systems Department, BoM
- N. Ariunbat, Banking Resolution and Policy Department, BoM
- R. Sarangerel, Director, Currency Department, BoM
- D. Ayush, Director, Legal Department, BoM
- B. Batbaatar, Head, Financial Information Department, BoM

A lively Q&A was held for the majority of the meeting, with the discussions continuing well past the planned adjournment of the meeting. The BCM would like to thank the Bank of Mongolia and all those who attended.