Bank of Mongolia

The Bank of Mongolia, or Mongolbank, is the central bank of Mongolia. The main objective of the Bank of Mongolia is to ensure stability of the Mongolian tögrög. Within its main objective the Bank of Mongolia 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 as set forth in this law, the Bank of Mongolia shall conduct the following activities:

History

A joint Mongolian-Russian bank, called the "Trade and Industry Bank of Mongolia" (Bank of Mongolia) was opened on June 2, 1924 in Altanbulag with a single branch.

Mongolia

Mongolia ⁱ/mɒŋˈɡoʊliə/ (Mongolian: ᠮᠤᠩᠭᠤᠯ
ᠤᠯᠤᠰ [Monggol Ulus] in Mongolian script; Монгол Улс [Mongol Uls] in Mongolian Cyrillic) is a sovereign state in east-central Asia. It is bordered by Russia to the north and China to the south, east and west. While they do not share a border, Mongolia is separated from Kazakhstan by only 36.76 kilometres (22.84 mi). Ulaanbaatar, the capital and largest city, is home to about 45% of the population.

The area of what is now Mongolia has been ruled by various nomadic empires, including the Xiongnu, the Xianbei, the Rouran, the Turkic Khaganate, and others. In 1206, Genghis Khan founded the Mongol Empire, and his grandson Kublai Khan conquered China to establish the Yuan dynasty. After the collapse of the Yuan, the Mongols retreated to Mongolia and resumed their earlier pattern of factional conflict, except during the era of Dayan Khan and Tumen Zasagt Khan. In the 16th century, Tibetan Buddhism began to spread in Mongolia, being further led by the Manchu-founded Qing dynasty, which absorbed the country in the 17th century. By the early 1900s, almost one-third of the adult male population were Buddhist monks.

Mongolia (disambiguation)

Mongolia is a modern state in east-central Asia.

Mongolia may also refer to:

Historical periods or states:

See also

Mongolia (1911–24)

The Bogd Khaanate of Mongolia was a state that ruled Mongolia (Outer Mongolia) between 1911 and 1919, and again from 1921 to 1924. By the spring of 1911, some prominent Mongolian nobles including Prince Tögs-Ochiryn Namnansüren persuaded the Jebstundamba Khutukhtu to convene a meeting of nobles and ecclesiastical officials to discuss independence from the Manchu-led Qing dynasty. On 30 November 1911 the Mongols established the Temporary Government of Khalkha. On December 29, 1911 the Mongols declared their independence from the collapsing Qing dynasty following the Xinhai Revolution. They installed as theocratic sovereign the 8th Bogd Gegeen, highest authority of Tibetan Buddhism in Mongolia, who took the title Bogd Khaan or "Holy Ruler". The Bogd Khaan was last khagan of Mongolia. This ushered in the period of "Theocratic Mongolia", also known as the Bogd Khaanate.

Three historical currents were at work during this period. The first was the efforts of the Mongolians to form an independent, theocratic state that embraced Inner Mongolia, Barga (also known as Hulunbuir), Upper Mongolia, Western Mongolia and Tannu Uriankhai ("pan-Mongolia"). The second was the Russian Empire's determination to achieve the twin goals of establishing its own preeminence in the country but, at the same time ensuring Mongolia's autonomy within the newly independent Chinese state. The third was the ultimate success of China in eliminating Mongolian autonomy, and creating its sovereignty over the country.