Local reports say that Kh.Altai, CEO of the Mongolian Stock Exchange (MSE) was dismissed from his position on the decision of the State Property Committee in a meeting just before the New Year.

Kh.Altai made a statement about the report on the phone; “I was not asked to step down. I submitted a request to resign on my own. The Board of Directors of the Mongolian Stock Exchange (MSE) will hold a meeting to solve the issue. I think I have completed my targeted tasks. I believe that I have done my work to create a legal environment and infrastructure to further develop the stock exchange, so I therefore delivered my request to resign”.