The Central Bank of Mongolia and Deutsche Bundesbank signed a memorandum of understanding to expand cooperation across central banking functions and staff development. The agreement covers monetary policy, financial stability and banking supervision, alongside payment system infrastructure, cash management and digital transformation. The cooperation will place particular emphasis on developing staff expertise through knowledge exchange and expanded joint training programs. Signed during Mongolian President Ukhnaagiin Khurelsukh’s state visit to Germany, the agreement builds on more than 30 years of cooperation between the two central banks dating to the early 1990s.
Central Bank of Mongolia signs cooperation agreement with Deutsche Bundesbank covering policy, supervision and payments
The Central Bank of Mongolia and Deutsche Bundesbank signed a cooperation memorandum covering monetary policy, financial stability, banking supervision and operational areas including payments and digital transformation. Building on ties dating to the early 1990s, the agreement also emphasizes staff development, expertise exchange and joint training.