1 FARMATRUST AND GOVERNMENT OF MONGOLIA ROUND UP FEASIBILITY STUDY TO ELIMINATE FAKE DRUGS IN THE COUNTRY WWW.TECHBULLION.COM  PUBLISHED:2018/11/15      2 GOLDLINKS TEAMS UP WITH MONGOLIAN GOLD MINE WWW.MARKETS.BUSINESSINSIDER.COM PUBLISHED:2018/11/15      3 FX RATE NAMED AS ONE OF TOP 3 RISKS OF 2019 WWW.ZGM.MN PUBLISHED:2018/11/15      4 MONGOLIA: TIME TO MOVE FROM PROMISES TO ACTIONS WWW.FORUM-ASIA.ORG PUBLISHED:2018/11/15      5 UB AIR-POLLUTION DISASTER: INNOVATION CENTRE FOR HEATING OPENS WWW.NEWS.MN PUBLISHED:2018/11/15      6 MONGOLIA DRAFTING LAW FOR PROTECTING CHILDREN FROM NEGATIVE NEWS WWW.NEWS.MN PUBLISHED:2018/11/15      7 MONGOLIAN SME FUND SCANDAL: DEMONSTRATORS DEMAND MP RESIGNATIONS WWW.NEWS.MN PUBLISHED:2018/11/15      8 MONGOLIA TO IMPLEMENT PROGRAM TO DEVELOP INTENSIVE LIVESTOCK FARMING WWW.XINHUANET.COM PUBLISHED:2018/11/15      9 JAPANESE SPIES MET WITH NORTH KOREANS IN MONGOLIA WWW. PUBLISHED:2018/11/15      10 AZERBAIJAN SOON TO BEGIN TO SUPPLY WINE TO MONGOLIA WWW.AZERNEWS.AZ PUBLISHED:2018/11/15      УЛСЫН ХЭМЖЭЭНД 416.3 МЯНГАН ТОНН ҮР ТАРИА ХУРААН АВААД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/15     ЗҮҮН ӨМНӨД АЗИЙН ЧӨЛӨӨТ ХУДАЛДААНЫ ГЭРЭЭГ ЭЦЭСЛЭХ ХУГАЦАА 2019 ОН ХҮРТЭЛ ХОЙШЛОВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/15     УИХ: 2019 ОНЫ МӨНГӨНИЙ БОДЛОГЫН ҮНДСЭН ЧИГЛЭЛИЙН ТӨСЛИЙГ ЭЦЭСЛЭН БАТАЛНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/15     ГАЗРЫН ТОСНЫ ҮНЭ СҮҮЛИЙН НАЙМАН САРЫН ДООД ТҮВШИНД УНАЛАА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/15     ТӨВСИЙН ОРЛОГО 8.3 ИХ НАЯД ТӨГРӨГТ ХҮРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/15     ТӨВ БАНК ИПОТЕКИЙН ЗЭЭЛИЙГ ИЛҮҮ ОЛОН ИРГЭНД ОЛГОХ ХУВИЛБАР БОЛОВСРУУЛЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/15     “УЛААНБААТАР ТӨМӨР ЗАМ”-ЫН ТӨЛСӨН ТАТВАРЫГ ХӨНГӨЛӨЛТТЭЙ ЗЭЭЛИЙН ХҮҮГИЙН ТӨЛБӨРТ ШИЛЖҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/15     МОНГОЛЫН КОМПАНИУД ДЭЛХИЙД ХҮЛЭЭН ЗӨВШӨӨРСӨН ЛОГО, ГЭРЧИЛГЭЭ ХЭРЭГЛЭХ БОЛОМЖТОЙ БОЛЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/15     МЕГА КОМПАНИЙН МЕГА НӨЛӨӨ WWW.UB.LIFE НИЙТЭЛСЭН:2018/11/15     СЗХ: ББСБ-УУДЫН ЗЭЭЛИЙН САРЫН ЖИГНЭСЭН ДУНДАЖ ХҮҮ ӨМНӨХ УЛИРЛААС БУУРААГҮЙ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/14    

Draft amendment to Law on Currency Settlements submitted www.montsame.mn

Ulaanbaatar /MONTSAME/ Chief of Staff of the President’s Office Z.Enkhbold submitted a draft amendment to the Law of Mongolia on Currency Settlements, initiated by President of Mongolia Khaltmaagiin Battulga, to Speaker of the State Great Khural M.Enkhbold on June 19.

In accordance with the currently effective Law on Currency Settlements and the Law on Central Bank (Bank of Mongolia), the Bank of Mongolia regulates currency circulation, and holds and manages the foreign exchange reserves. However, according to the bill initiator, the rationale for drafting the amendment was the fact that the Bank of Mongolia has no authority to negotiate with a legal entity earning a large amount of foreign currency, except for buying currencies.

Furthermore, the amendment to the Law on Currency Settlements was drafted with the purpose of creating legal arrangements for the Bank of Mongolia to ensure the stability of national currency, hold and manage the foreign exchange reserves, and carry out the cash transactions and settlements of a legal entity with currency earnings from the exploitation of a mineral deposit of strategic importance, in frames of its duty to increase the foreign exchange reserves of Mongolia.

In compliance with the draft amendment, the Bank of Mongolia will be allowed to register the transaction account of a legal entity, which established an investment contract with the Government, exploits a mineral deposit of strategic importance, and with foreign exchange earnings in the amount set by the Bank of Mongolia.

Citizens were allowed to submit suggestions for the draft amendment to the Law on Currency Settlements between May 11th and June 18th, 2018, through the official website of the President’s Office.

Source: president.mn



Published Date:2018-06-20