English-Mongolian Finance Glossary

Preface

“I am delighted to have issued this first collection of financial terminologies, translated into and explained in Mongolian. This Finance Glossary is aimed at supporting Mongolians in their efforts to understand the financial industries of highly developed nations and implement the learnt in their home country.

Creating a dictionary requires continuous research and it usually is a result of collaborative work. Experts from the United States Agency for International Development (USAID) and tutors from the Institute of Finance and Economics (IFE) of Mongolia have made vast contributions and showed extensive support in the development of this preliminary glossary. Now I am granted an opportunity to listen to others’ comments and make improvements in the given manuscript by making it public.

Mongolia is on the verge of tremendous prosperity and its real financial industry is only beginning to develop. Huge capacities remain in terms of the possibility of Mongolians, especially the new generation, to rise with better knowledge and new ideas contributing to the expansion of this vital sector. Therefore, I call for Mongolians: “Learn, progress and achieve, there is much to be accomplished!””

- Unenbat Jigjid
Chairman of ResCap

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