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Financial Market of MONGOLIA Uguumur Enkhjargal MA2N0248 Introduction of Mongolia Video: https://www.youtube.com/results?search_query=nukht+village Introduction of Financial sector 49 Securities company 16 Insurance compay Central bank Non-bank instituitions Financial sector Bank of Mongolia: ensure the stability of the national currency, the tugrug Financial Regulatory commission 188 non bank-financial institutions 190 Insurance compay Commercial bank 16 bank Banking sector Banking sector Non bank Bank The Mongolian financial system is dominated by the banking sector Capital Market in Mongolia Mongolian Stock Exchange • The MSE has seen rapid growth in the past five years. As recently as 2006, it was the world's smallest stock exchange by market capitalization (at that point roughly US$83 million). That grew to US$406 million by 2008 and then quadrupled again to US$2 billion by 2011. As of March 2012, it has 332 listed companies with a combined market capitalization of 2.9 trillion MNT (US$2.3 billion). Introduction of Financial sector 1USD= 1878 tugrug Financial sector Mongolian top 20 index Conclusion Strengths (+) and weaknesses (‐) (+) Very strong growth prospects A vast endowment of a range of mineral resources, of which most are untapped, and ample room for further economic development make that Mongolia’s growth potential is large. (‐) Underdeveloped and resource‐dependent economy Mongolia’s economy is underdeveloped (HDI rank 108 out of 187) and the country’s economy depends heavily on the extraction and export of natural resources. (‐) Unstable policy environment Mongolia’s democracy is young and its institutions are weak. Policies change frequently, which creates uncertainty for investors. (‐) High external vulnerability Mongolia’s current account balance shows large deficits. Furthermore, as exports consist of commodities, while strategic goods, such as food and fuel, need to be imported, the country is vulnerable to commodity price fluctuations. Moreover, roughly 90% of exports are bought by China, which makes Mongolia vulnerable to adverse developments in its big neighbor.