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AKIPRESS.COM - With an aim to increase gold purchases, “Mongol Alt” /Mongolian Gold/ campaign will be initiated next month. Accordingly, the opening ceremony of the campaign took place on August 7, Montsame reports.
On this day, the Bank of Mongolia granted “Certificate of Authenticity” to individuals and entities, who are contributing to increase “State Fund for Treasures” and foreign-exchange reserves of Mongolia by selling gold to BoM.
Within the frames of three-month campaign, training on selling gold to the Central Bank, in accordance with the law, will be held among the public by cooperating with government and non-government organizations, as well as activating advertisement and introducing related laws and regulations.
Furthermore, the Bank of Mongolia is aiming to promote actions on increasing foreign-exchange reserves, provide related information and gold price to public and private entities to prevent gold smuggling.
“Mongol Gold” campaign will be implemented in cooperation with central and regional branches of BoM, commercial banks and other entities.