Governor of the Bank of Mongolia S. Narantsogt Meets with the Governor of the National Bank of the Republic of Kazakhstan Mr. Timur Suleimenov

April 22, 2026 – Within the framework of the State Visit of the President of Mongolia to the Republic of Kazakhstan, the Governor of the Bank of Mongolia, Mr. S. Narantsogt, met with the Governor of the National Bank of the Republic of Kazakhstan, Mr. Timur Suleimenov, at the National Bank’s headquarters.

The meeting was held in a constructive and professional atmosphere. Both Governors exchanged views on current macroeconomic conditions and shared experiences regarding monetary policy implementation, with a focus on ensuring stability, managing inflation, and increasing policy effectiveness.

The parties reached an agreement to cooperate on strengthening bilateral economic relations, particularly by simplifying cross-border payment settlements and supporting direct correspondent banking relationships. 
Furthermore, they agreed to explore the development of trade finance instruments, including Letters of Credit (LC), guarantees, and currency swap agreements, to boost bilateral trade.

The discussion also covered potential technological collaboration on Central Bank Digital Currencies (CBDC) and capacity-building initiatives for Bank of Mongolia staff through the IMF’s Caucasus, Central Asia, and Mongolia Regional Capacity Development Center (CCAMTAC) in Almaty.

Both sides highlighted this meeting as a significant milestone in deepening bilateral central bank cooperation and trade finance.