Ulaanbaatar
Bank of Mongolia launches gold campaign
Economy
Ulaanbaatar /MONTSAME/ The Bank of Mongolia (BoM) has launched a five-month campaign ‘National Gold to the Fund of Treasures’ under the ‘GOLD-2’ national program. The campaign is being co-organized by the BoM, its local branches and divisions, commercial banks, the Ministry of Mining and Heavy Industry, Mineral Resources and Petroleum Agency, Mongolian Agency for Standard and Metrology, government organizations and NGOs.
The purpose of this campaign is to encourage business entities to sell their gold to the Bank of Mongolia and to commercial banks, increase the gold reserves, intensify training and promotion on the process of gold purchase among the public and introduce relevant laws and regulations.
BoM officials also believe that it’s necessary to reduce the custom clearance of unlicensed gold, support responsible mining, promote their activities to the public, introduce the BoM’s gold purchase price and other information to the public and organizations. As a result of the campaign, the gold purchase of BoM and Mongolia's foreign currency reserves will be increased, and coherence between governmental and non-governmental organizations will be improved.
The campaign targeted to gold miners and producers, relevant central and local organizations and individuals will run until October 30.
The purpose of this campaign is to encourage business entities to sell their gold to the Bank of Mongolia and to commercial banks, increase the gold reserves, intensify training and promotion on the process of gold purchase among the public and introduce relevant laws and regulations.
BoM officials also believe that it’s necessary to reduce the custom clearance of unlicensed gold, support responsible mining, promote their activities to the public, introduce the BoM’s gold purchase price and other information to the public and organizations. As a result of the campaign, the gold purchase of BoM and Mongolia's foreign currency reserves will be increased, and coherence between governmental and non-governmental organizations will be improved.
The campaign targeted to gold miners and producers, relevant central and local organizations and individuals will run until October 30.
B.Misheel
