National Bank of Cambodia – NBC

NBC governor thanks IMF for development support

NBC governor thanks IMF for development support

Thong Sotha​​   On February 19, 2021 - 12:52 pm​   In Economics   0  

The International Monetary Fund (IMF) and Cambodia have met virtually to discuss and evaluate the Kingdom’s macro-economic situation during the ongoing COVID-19 pandemic.

NBC launches new payment and transfer system

NBC launches new payment and transfer system

Thong Sotha​​   On January 27, 2021 - 1:04 pm​   In Economics   0  

National Bank of Cambodia (NBC) officially launched its national retail payment system “Retail Pay” yesterday to support and provide fast payment facilities for trade

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 […]

Banks spreading their wings

Banks spreading their wings

Thong Sotha​​   On June 26, 2020 - 2:28 pm​   In Economics   0  

Wing (Cambodia) Ltd Specialised Bank and Canadia Bank Plc inked a partnership to drive financial inclusion and provide every Cambodian easy access to cash.