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
Under the governance of Chea Chanto, the National Bank of Cambodia (NBC) has successfully navigated a stormy 2020. As a result he has been honoured as Asia-Pacific’s central banker of
The Cambodia Microfinance Association (CMA) has announced that as of Jan 3, CMA members have provided loan restructuring worth $1.382 billion. The total number of restructuring requests stood at 303,593
The demand for Khmer riel (KHR) from the branch of the National Bank of Cambodia in Kampong Thom province was 440 billion riel (approximately $107 million) in the first nine
Loan demands from the banks in Cambodia rose by 20.7% to 26.7 billion U.S. dollars during the first half of 2020, said a central bank's biannual report on Thursday. The
Wing (Cambodia) Ltd Specialised Bank and Canadia Bank Plc inked a partnership to drive financial inclusion and provide every Cambodian easy access to cash. Both banks are working together to
Prime Minister Hun Sen said yesterday he encourages and supports any action by banks or microfinance institutions to confiscate the collateral of debtors who refuse to repay loans following incitement
Ripple offers various payment solutions for large and small companies to process cross-border payments quickly and cost-effectively. Recently, the XRP dominance in the Japanese market has declined as investors have
The Agriculture and Rural Development Bank (ARDB) said that it has received more than 288 loan applications so far amounting to $31 million from small and medium enterprises (SMEs). In
The National Bank of Cambodia (NBC) yesterday asked commercial banks and microfinance institutions to send it the smallest US dollar banknotes because it considers them difficult to manage and “there
