DP group in the Parliament met yesterday to discuss about two major issues. The most discussed issue was about permitting MNT 100 billion worth Government bond after abolishing Zoos Bank and establishing the Government Bank. Central Bank’s President L.Purevdorj gave information on the issue. But the MPs agreed that more study and detailed calculation should be made. The group members also suggested revising the Government’s action to guarantee the cash inflows in commercial banks. The issue will be discussed and finalized by the Parliament today.
Head of the DP group Ch.Saikhanbileg said the MPs agreed that banking sector must be stabilized, minimize the risks and rightfully settle the weight on the budget before selling the Government bonds in the market.
“We need a lot of calculations. Mongol bank’s president was asked to provide additional information and documents. The issue will be discussed by the Standing Committee on Economy on Wednesday after the Parliament reaches agreement”
