Mongol Bank has launched a public awareness campaign in an effort to fight rising gasoline prices and currency rates.

Bank official J.Bataa told our correspondent that petroleum importers
are being encouraged to negotiate currency exchanges with commercial
banks to purchase fuel. He says that would keep gas prices from rising
when the tugrik rate falls against the U.S. dollar. But some importers
and commercial banks say the cost of such transactions is prohibitive.

J.Bataa said Mongol Bank is also advising commercial banks to inform
customers about ways to protect themselves from fluctuating currency
rates.

He added that Mongol Bank cooperates with Khaan, Golomt, Trade and
Development, Saving, Khas, State, and Ulaanbaatar City banks to
disseminate helpful information.