Ulaanbaatar
New vice governor appointed for Mongolbank
PoliticsUlaanbaatar /MONTSAME/ On the plenary session of the State Great Khural (Parliament) of Mongolia, held Thursday, the parliament dismissed Batshugar Enkhbayar and appointed Lkhagvasuren Byadran to the position of the Vice Governor of the Bank of Mongolia, the state central bank, on September 1.
Dismissal of E.Batshugar was backed with 81.2 percent approval, and the appointment of B.Lkhagvasuren was approved by 83.7 percent.
The latter was born in 1965 in Ulaanbaatar, graduated the National University of Mongolia (NUM) majoring in economic planning in 1989, and defended master’s degree at the University of Columbia of the USA on international economic relations.
He worked as a researcher at the State Planning Commission and the Institute of Economics of the Academy of Sciences between 1989 and 1994, economist at the Bank of Mongolia in 1994-1998 and as the head of Monitoring Department, assistant of the Governor, head of the Department of Registry and IT, director of the Bank’s training center in 2000-2013, consultant at the Northeast Asia and the Pacific Division of the World Bank between 1999-2000, and executive director of the Savings Insurance Corporation from 2013 to the present.
