# Central Bank of Mongolia

Central Bank of Mongolia is a Bank / Wealth / Trust based in Ulaanbaatar, Mongolia.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Ulaanbaatar, Mongolia
- **Region:** Asia
- **Address:** Ulaanbaatar, Mongolia
- **Founded:** 1991
- **Assets under management:** Undisclosed
- **Website:** www.mongolbank.mn
- **LinkedIn:** https://www.linkedin.com/company/the-central-bank-of-mongolia

## Regulatory record

- **Reports private funds:** No

## About

The Central Bank of Mongolia is a bank headquartered in Mongolia. It oversees approximately $6.9 billion in assets, primarily focused on the Asian region.

## People

- Byadran Lkhagvasuren — Governor

## Questions

### Who runs investment decisions at the Central Bank of Mongolia?

Governor Byadran Lkhagvasuren heads the Central Bank of Mongolia and has final responsibility for reserve management policy. Day-to-day portfolio execution is delegated to the bank's reserve management department under the Governor's oversight. The approach is conservative, with investment mandates approved by the bank's board.

### What assets make up Mongolia's foreign exchange reserves?

The reserves consist primarily of US Treasury securities, other highly rated sovereign bonds, gold, and short-term deposits with major central banks and international financial institutions. Gold held in the bank's own vaults — much of it purchased domestically — is a defining feature, providing a hedge against both currency depreciation and commodity price swings.

### How does the bank source its gold holdings?

Mongolbank purchases gold directly from domestic mining operations and artisanal producers, a program designed to support the local industry while building reserves. This domestic gold-buying arrangement provides the bank with a non-foreign-currency reserve asset and partially insulates the portfolio from US dollar concentration.

### Does the Central Bank of Mongolia maintain any segregated funds or special-purpose vehicles?

Mongolbank does not operate separate sovereign wealth fund structures, though it coordinates with the government on broader fiscal stability mechanisms. The bank's reserves serve as the primary national buffer, and there are no distinct investment vehicles for long-term savings outside the balance sheet.

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Last updated: 2026-06-03T20:00:00.000Z

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