Built between 1893 and 1903, the complex is one of the few Mongolian historical attractions which have neither been destroyed by the 

. With the Winter Palace, the Gate of Peace and Happiness, the Cooling Pavilion as well as 6 temples, each containing Buddhist artwork, scripture and thangka, such as Naidan Temple and Makhranz Temple, the palace complex consists of a total of about 20 structures. The museum has about 8,600 exhibits and receives over 40,000 visitors annually. On display are many of the Bogd Khan's possessions, such as his throne and bed, his collection of art and stuffed animals, his ornate ceremonial 

, a pair of ceremonial boots given to the Khan by Russian 

, and also a jewelled regalia worn by the Bogd Khan's pet elephant. It currently runs its operations under the Ministry of Education, Culture, Science and Sports of Mongolia.