AKIPRESS.COM - Ulaanbaatar hosts the second roundtable meeting of the central banks of Mongolia and the Russian Federation on June 29-30, the state news agency reported.

Attendees of the meeting are Governor of the Bank of Mongolia N.Bayartsaikhan, Deputy Governor of the Bank of Russia A.P.Torshina and Ambassador Extraordinary and Plenipotentiary of Russia to Mongolia I. Azizov and other officials.

During the meeting, the parties are making presentations and having discussions on foreign trade and banking sector cooperation of Mongolia, current situation and development of the banking sector of Russia, the current macroeconomic situation of Mongolia, investment opportunities and cooperation, the monetary policy of the Central Bank of Mongolia and issues of improving the terms and conditions of trade financing and clearings between the two countries. On the sidelines of the central banks' meeting, commercial banks of the two countries also held a meeting.

The first meeting of the two Central Banks was held in Moscow, Russia in 2015 and issues on establishing a swap agreement of national currencies between the Bank of Mongolia and the Bank of Russia, backing cooperation of commercial banks of the two countries and organizing meetings involving them, developing cross-border interbank payment system and possibilities to allow Mongolian banks to import Russian rubles in cash from commercial banks near the Russian border ere touched on.