The Bank of Mongolia has joined the "London Principles" international set of principles

The Governor of the Bank of Mongolia B.Lkhagvasuren participated in the World Gold Council meeting, this decision to join the "London Principles" alongside the central banks of Colombia, Ecuador, and the Philippines signifies a commitment to responsible sourcing of gold from artisanal miners. These principles, endorsed by the World Gold Council, aim to formalize and support the integration of artisanal mining into the formal supply chain of gold.

By signing onto the "London Principles," these central banks are advancing efforts to ensure that gold extraction from artisanal sources adheres to ethical and sustainable practices. This move not only supports responsible mining but also contributes to broader global initiatives aimed at improving transparency and accountability in the gold supply chain.

Overall, the participation of the Bank of Mongolia in this initiative reflects a proactive stance towards promoting sustainable development in the mining sector and aligns with international standards for responsible sourcing of minerals.