Nadmidyn Bayartsaikhan (born January 27, 1962) is a

Mongolian Mongolian may refer to: * Something of, from, or related to Mongolia, a country in Asia * Mongolian people, or Mongols * Bogd Khanate of Mongolia, the government of Mongolia, 1911–1919 and 1921–1924 * Mongolian language * Mongolian alphabet * ...

social scientist, politician, and government minister. After teaching social science, he obtained a doctorate in economics and was elected to the

State Great Khural The State Great Khural is the unicameral parliament of Mongolia,Montsame News Agency. ''Mongolia''. 2006, Foreign Service office of Montsame News Agency, , p. 40 located in the Government Palace in the capital Ulaanbaatar. History 191 ...

four times. He also served as the Mongolian Minister of Finance from 2006 to 2007. After leaving politics, Bayartsaikhan became the President of the

Bank of Mongolia The Bank of Mongolia, referred to as ( ) in Mongolian language, Mongolian, is the central bank of Mongolia. The main objective of the Bank of Mongolia is to ensure stability of the Mongolian tögrög. Within its main objective the Bank of Mongo ...

, holding that position from 2016 to 2019.

Early life and education

Bayartsaikhan was born on 27 January, 1962, in

Ulaanbaatar Ulaanbaatar is the Capital (political), capital and List of cities in Mongolia, most populous city of Mongolia. It has a population of 1.6 million, and it is the coldest capital city in the world by average yearly temperature. The municipa ...

. He attended the Irkutsk University of Economics, graduating in 1982. He then taught social sciences at the Higher

Party A party is a gathering of people who have been invited by a Hospitality, host for the purposes of socializing, conversation, recreation, or as part of a festival or other commemoration or celebration of a special occasion. A party will oft ...

School until 1989. From 1989 to 1992, he studied economics at the

State University of Management The State University of Management (SUM, ) is a public university in Moscow, Russia. It was founded in 1919. Its rector is Ivan Vasilyevich Lobanov. There are more than 250 professors and 12 academics and members of the Russian Academy of Scien ...

Moscow Moscow is the Capital city, capital and List of cities and towns in Russia by population, largest city of Russia, standing on the Moskva (river), Moskva River in Central Russia. It has a population estimated at over 13 million residents with ...

, Russia. There he obtained a doctorate degree in economics.

Career

In 1992, Bayartsaikhan was elected to represent the

Khan Uul Khan Uul ( ; ) is one of nine districts of Ulaanbaatar. It is subdivided into 14 subdistricts. This district is located in the south, at the foot of one of the four hills of Ulaanbaatar—the Bogd Khan Uul. Tourist attractions * AIC Steppe Are ...

District of the Uvs-Aimak Province in the State Great Khural. In November 1993 he was elected to the

Mongolian People's Party The Mongolian People's Party (MPP) is a social democratic political party in Mongolia. It was founded as a communist party in 1920 by Mongolian revolutionaries and is the oldest political party in Mongolia. The party played an important role ...

Leadership Council, a position that he held until 2001. He was re-elected to the Great Khural in the elections of

1996 1996 was designated as: * International Year for the Eradication of Poverty Events January * January 8 – A Zairean cargo plane crashes into a crowded market in the center of the capital city of the Democratic Republic of the Congo ...

2000 2000 was designated as the International Year for the Culture of Peace and the World Mathematics, Mathematical Year. Popular culture holds the year 2000 as the first year of the 21st century and the 3rd millennium, because of a tende ...

, and

2004 2004 was designated as an International Year of Rice by the United Nations, and the International Year to Commemorate the Struggle Against Slavery and Its Abolition (by UNESCO). Events January * January 3 – Flash Airlines Flight 60 ...

. From 1992 to 1995, Bayartsaikhan chaired the parliamentary Standing Committee on Food and Agriculture. Bayartsaikhan was not re-elected in the

2008 Mongolian legislative election Parliamentary elections were held in Mongolia on 29 June 2008. A total of 356 candidates ran for the 76 seats in the State Great Khural. According to official results published on 14 July, at least 39 seats were won by the ruling Mongolian Peopl ...

. Bayartsaikhan served as the Minister of Trade for Mongolia from 2006 to 2007. This position involved chairing the parliamentary standing committee on the budget. As trade minister, he was involved in managing the continuation of

Official development assistance Official development assistance (ODA) is a category used by the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) to measure foreign aid. The DAC first adopted the concept in 1969. It is w ...

from

Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...

to Mongolia. His tenure as Trade Minister also included energy negotiations with

Russia Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...

. In July 2016, Bayartsaikhan was named Governor of the Bank of Mongolia. He held that position until 2019.

References

{{DEFAULTSORT:Bayartsaikhan, Nadmidyn Living people 1962 births 21st-century Mongolian politicians Businesspeople from Ulaanbaatar Finance ministers of Mongolia Governors of Bank of Mongolia Mongolian People's Party politicians Members of the State Great Khural Mongolian economists Mongolian political scientists Politicians from Ulaanbaatar