The Bank of Mongolia

The Bank of Mongolia (BoM or Mongolbank) is the central bank of Mongolia. The main objective of the Bank is to ensure stability of the national currency - Togrog. Within this main objective, the BoM promotes balanced and sustained development of the national economy, through maintaining the stability of money, financial markets, and the banking system.

In order to implement its objectives, the BoM conducts activities such as issuing currencies in circulation, formulation and implementation of monetary policy, acting as the Government’s fiscal intermediary, supervision of banking activities, organization of inter-bank payments and settlements, management of the official foreign exchange reserves.

HQ: Ulaanbaatar, Mongolia
Founded: 1991
ID: 1976. Updated: 29.12.2014