PRESIDENT OF PEOPLE'S BANK OF CHINA TO VISIT

Ulaanbaatar, Mongolia, /MONTSAME/ The president of the People's Bank of China (PBC) Zhou Xiaochuan will visit Mongolia to sign a contract of swap agreement on exchanging national currencies between the Bank of Mongolia and the PBC.
The agreement will be established May 5 in accordance with a proposal of the Bank of Mongolia. It is expected that the swap agreement will contribute to ensuring of the stability of the national currency Togrog by quickly supplying the Chinese Yuan (CNY) to Mongolia's market in case of a unstable condition of foreign currencies in Mongolia.
B.Khuder