DRAFT LAW ON SAVINGS INSURANCE SUBMITTED

Ulaanbaatar, Mongolia /MONTSAME/ A head of the Cabinet Secretariat of Government Ch.Saikhanbileg submitted on Tuesday a draft law on savings insurance to L.Tsog, a Vice Speaker of parliament. Mr Saikhanbileg explained that the draft law aims to prevent possible risks in actions of the state by supporting a development of the financial market including the banking sector, to ensure a stability of banks, to increase people's confidence trust, to reduce possible pressure on the state budget. The initiator asked the State Great Khural to discuss and adopt this draft urgently. B.Khuder