Plenary session of the parliament on
Friday approved N.Zoljargal as new President of MongolBank.

Previous President L.Purevdorj
expressed his willing to resign last Monday to the Speaker of the parliament.
And according to the law the Speaker suggested L.Zoljargal, Vice President of
MongolBank as new President.

“The MongolBank’s urgent action will
be to take measure targeted to reduce inflation rate. Inflation influenced
badly to citizens with medium and low income. If we will take all necessary
actions inflation rate and interest rate could be reduced. The results will be
came out within the two years. Also Mongolia needed law on regulation of
foreign currencies. The MongolBank is going to submit the draft law soon” said
L.Zoljargal after nomination.