The
Mongol Bank and the Ministry of Finance have established a working group to
study the introduction of a savings insurance system to protect account holders
in banks. This will replace the present Government guarantee, and would also
reduce pressure on the budget.

Parliament guaranteed the security of all bank deposits in November, 2008 to
ensure commercial banks were not hit by panic withdrawal during the economic
crisis.  Some limits were placed on the
guarantee last month. These apply to accounts where the money has been
transferred from a foreign bank, current account balances, and to accounts that
are paid interest at a rate higher than the Mongol Bank policy interest
rate.