Mongolia needs an international clearing bank before boom comes, says study - News.MN

Mongolia needs an international clearing bank before boom comes, says study

Old News! Published on: 2010.03.03

Mongolia needs an international clearing bank before boom comes, says study

News.MN
News.MN
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A recent study in Wealth Daily, an independent investment advice, analysis and commentary has said the world is starting to wake up to the promise of Mongolia which could soon become the fastest growing country on earth. However, time is running out for the ground-floor buyers. Emerging market funds need an international clearing bank before they can invest on the local exchange. The new money coming in will simply swamp the local exchange. There is even talk about an ETF.

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