ID :
201520
Tue, 08/16/2011 - 06:27
Auther :

BOK inks tie-up with Mongolian central bank

SEOUL, Aug. 16 (Yonhap) -- South Korea's central bank said Tuesday that it has signed a preliminary deal with its Mongolian counterpart in a bid to boost cooperation and share knowledge on monetary policy management.
Bank of Korea (BOK) Gov. Kim Choong-soo inked a memorandum of understanding with Lhanaasuren Purevdorj, governor at the Bank of Mongolia, to share information on monetary policy, exchange personnel and beef up technical assistance, the BOK said.
The agreement was clinched during Gov. Kim's two-day visit to Mongolia from Sunday to Monday.
"The agreement will pave the way for the two banks to beef up cooperation by sharing knowledge on monetary policy and expand exchange programs on staff training," the BOK said in a statement.
During his visit, Gov. Kim met with top Mongolian government officials including Deputy Prime Minister Miyeegombyn Enkhbold to offer his views on economic development and counter-crisis strategies in light of South Korea's own experience, the BOK added.

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