N.Zoljargal nominated as Mongolbank’s President

President of Mongolbank L.Purevdorj has presented his resignation letter to the Speaker of the parliament Zandaakhuu Enkhbold last Monday.

Standing committee on Economy yesterday discussed L.Purevdorj’s letter and decided to replace him. By the law the Speaker should suggest nomination of new President and plenary session of the parliament should approved.

Zandaakhuu Enkhbold, Speaker suggested N.Zoljargal, Vice President of the Mongolbank as new President.

Answering the question addressed to him N.Zoljargal said “there is opened a possibility to reduce bank interest rate to the one digit”. “Impossible to decrease inflation rate while bank’s interest rate so high” said N.Zoljargal.

Mongolbank’s President nomination should be discussed by the plenary session of the parliament. But today’s (September 13, 2012) session postponed.

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