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Continue ReadingHungarian experience for Mongolia
Recommended and organised by the World Bank, a 12-strong delegation of the Mongolian financial governance paid a visit to Hungary. The objective of the delegation was to gather relevant models and operating experience needed for passing a law to handle the Mongolian bank crisis and to ensure deposit insurance, and for establishing institutional frameworks. Due to this complex set of subjects, the Mongolian delegation included the first deputy governor of the National Bank of Mongolia, experts from the ministries of justice and finance, as well as from the supervisory authority, in combination with high-ranking politicians involved in the subject of financial stability and the members of the Mongolian parliament. In… Read More
Continue ReadingPayments of state garanteed deposits are completed
The NDIF had finished the paying process of the frozen state garanteed deposits at the closed “Jógazda” Savings Cooperative. All those deposits were state garanteed which had been placed July 1993
Continue ReadingCo-operation with the banking association
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