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Mongolia to encourage gold sale to banks www.menafn.com
(MENAFN) The Mongolian central bank commenced a plan to last for six months that aims at promoting the sale of gold by gold miners and persons to banks.
The news was announced by head of the Reserve Management and Financial Markets Department at the Bank of Mongolia, Atarbaatar Enkhjin.
According to the chief, "the Bank of Mongolia's gold purchase has declined sharply since the beginning of this year due to instability in the domestic tax environment."
Enkhjin noted "so, we decided to again launch a campaign called 'National Gold to the Fund of Treasures' to increase the central bank's gold purchase."
Bank of Mongolia, he added, is looking to coordinate events that seek to push the sale of gold to banks.
Published Date:2019-04-09
