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
![](/sites/default/files/styles/landscape_750_463/public/2024-05/Lkhagvasuren-Byadran-001A6729.jpg.webp?h=eb41d8d5&itok=DqbTXkhf)
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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com