Economics

NBC annual report details nation’s 2020 financial picture

NBC annual report details nation’s 2020 financial picture

Thong Sotha​​   On January 22, 2021 - 9:08 am​   In Economics   0  

The Kingdom’s international gold and dollar reserves have reached $21.3 billion, sufficient to guarantee the next 10 months of goods and services imports. This amount is in excess of the three-month minimum requirement for developing countries according to the annual report from the National Bank of Cambodia (NBC). The NBC stated the level of international […]

‘Rielisation’ and dollars provide Kingdom with an economic ‘moat’

‘Rielisation’ and dollars provide Kingdom with an economic ‘moat’

Thong Sotha​​   On January 21, 2021 - 11:28 am​   In Economics   0  

As Cambodia works towards its goal of de-dollarising the economy, its dual-currency system is bolstering the population’s purchasing power while other emerging economies struggle to keep pace with the rising greenback. A Bloomberg report from earlier this week said most developing nations’ currencies have experienced a slump over the past two weeks while the US […]

Recovery to be driven by three principles

Recovery to be driven by three principles

Thong Sotha​​   On January 19, 2021 - 2:50 pm​   In Economics   0  

A senior official at the Ministry of Economy and Finance said the government’s driving principles to restore the economy post-COVID-19 from 2021-2023 will be strategic

Domestic vanilla planting taking root

Domestic vanilla planting taking root

Thong Sotha​​   On January 19, 2021 - 2:41 pm​   In Economics   0  

Agriculture brought the Kingdom $4.037 billion in exports alone during 2020. Products grown included cassava, mangoes, bananas and peppers among many other agro-products