Local vendors shun small US currency
Reports of local vendors refusing to accept small US currency banknotes has continued over the weekend, despite repeated calls from both the Kingdom’s central bank and Prime Minister Hun Sen that all US currency banknotes will still be considered “legal tender”. ...
Harrison White
https://www.khmertimeskh.com/50728832/local-vendors-shun-small-us-currency/
New NBC guidelines on financial institutions
The National Bank of Cambodia (NBC) has requested financial institutions to reduce credit-related fees and lift fines until the end of December 2020, according to a letter it wrote. ...
Sok Chan
https://www.khmertimeskh.com/50717330/new-nbc-guidelines-on-financial-institutions/
E-payments, key to promoting financial inclusion
Cambodia has seen recent and rapid growth in digital and electronic payment services, where the platform is regarded as a key to promote the Kingdom’s financial inclusion. ...
Sorn Sarath
https://www.khmertimeskh.com/50736465/e-payments-key-to-promoting-financial-inclusion/
CBC develops wide-ranging financial app
The Credit Bureau of Cambodia (CBC) has made available a new digital application that for the first time allows Cambodian citizens to check their credit score, view credit reports and receive credit monitoring alerts. ...
Harrison White
https://www.khmertimeskh.com/50787813/cbc-develops-wide-ranging-financial-app/
MFI credit risk relatively low, NBC’s Serey says
On the basis that non-performing loans stood around 2.3 percent as of August 31, 2020, credit risk in the microfinance sector remains relatively low, said National Bank of Cambodia assistant governor and director-general Chea Serey. ...
Sangeetha Amarthalingam
https://www.phnompenhpost.com/business/mfi-credit-risk-relatively-low-nbcs-serey-says
Blockchain cited as boost to public trust in financial institutions
At this week’s 2020 Global Blockchain Policy Forum, Assistant Governor and Director-General of Central Banking, National Bank of Cambodia (NBC) Chea Serey stressed the need for building public trust in financial institutions and how the new Bakong payment system and infrastructure, built on blockchain technology, ...
Jason Boken
https://www.khmertimeskh.com/783940/blockchain-cited-as-boost-to-public-trust-in-financial-institutions/
NBC head underscores value of women’s access to finance
Unlocking greater access to formal finance for Cambodian women will play a strategic role in the process of the Kingdom’s economic development, National Bank of Cambodia (NBC) director-general Chea Serey said on Monday. She said this at the Training on the Trainers (ToT) Programme on Financial ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-head-underscores-value-womens-access-finance
‘Allied action required for digital shift’
Cambodia continues to face a multitude of challenges as digital payments and solutions graduate from a niche business to a key segment in the Kingdom’s development strategy, according to National Bank of Cambodia (NBC) assistant governor Chea Serey on March 17. ...
May Kunmakara
https://www.phnompenhpost.com/business/allied-action-required-digital-shift
NBC Governor joins Vaduz Roundtable Forum on “Financial System 2023”
Governor of the National Bank of Cambodia (NBC) Dr. Chea Serey participated in the Vaduz Roundtable Forum on “Financial System 2023” in Vaduz, Liechtenstein, late last week, to share NBC’s experience in financial system improvement. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362734/nbc-governor-joins-vaduz-roundtable-forum-on-financial-system-2023/
NBC is determined to strengthen the resilience and supervision of the financial sector in Cambodia
The newly appointed governor of the National Bank of Cambodia (NBC), H.E Dr. Chea Serey, gave an in-depth interview to Khmer Times on the Bank’s as well as her priorities in her role as the Governor. ...
Khmer Times Staff
https://www.khmertimeskh.com/501377581/nbc-is-determined-to-strengthen-the-resilience-and-supervision-of-the-financial-sector-in-cambodia/
NBC Governor says Cambodia has seen big increase in local currency usage in past 2 decades
Cambodia has seen a big jump in the use of local currency Riel over the past two decades, National Bank of Cambodia (NBC)’s Governor Chea Serey said here on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501390501/nbc-governor-says-cambodia-has-seen-big-increase-in-local-currency-usage-in-past-2-decades/
Cambodia, China reach cooperation on financial innovation and payment system
Cambodia and China have entered into cooperation on financial innovation and clearing and settlement arrangements, to facilitate efficient and secure cross-border payment transactions between the two countries. ...
Khmer Times Staff
https://www.khmertimeskh.com/501396725/cambodia-china-reach-cooperation-on-financial-innovation-and-payment-system/
‘Fintech playing key role in financial inclusion efforts’
The fintech sector is playing a major role in the financial inclusion efforts pioneered by the National Bank of Cambodia (NBC), Governor Dr Chea Serey said while delivering the keynote address at the CamTech Summit 2023 yesterday at the Centre for Banking Studies. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501399932/fintech-playing-key-role-in-financial-inclusion-efforts/
Role of MFIs in economic and social development crucial
Microfinance as a sector has been key in helping bring about economic and social development in Cambodia stressed Sok Voeun, chairman of Cambodia Microfinance Association last Friday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501383482/role-of-mfis-in-economic-and-social-development-crucial/
Cambodia unveils new Fintech Policy to drive innovation and inclusion
The Cambodian government recently unveiled the Cambodia Financial Technology Development Policy 2023-2028, a comprehensive strategy aimed at promoting financial innovation, ensuring financial stability, and enhancing financial inclusion in the country. ...
Khmer Times Staff
https://www.khmertimeskh.com/501387042/cambodia-unveils-new-fintech-policy-to-drive-innovation-and-inclusion/
Cambodia’s banking and financial industry healthy, says NBC
The banking and financial industry has remained strong despite uncertainties on global economic growth causing the bankruptcies of banks in some countries. ...
Chea Vanyuth
https://www.khmertimeskh.com/501429237/cambodias-banking-and-financial-industry-healthy-says-nbc/
NBC, ERIA join hands to develop strategy for green digital finance
The National Bank of Cambodia (NBC) and the Economic Research Institution for ASEAN and East Asia have recently entered cooperation to develop a strategy for green digital finance in Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501479400/nbc-eria-join-hands-to-develop-strategy-for-green-digital-finance/
ABC vows to increase riel usage
The Association of Banks in Cambodia (ABC) has committed to further increase the usage of riel through its members’ operations, as the local currency is now increasingly used in cash and digital transactions. ...
Chea Vanyuth
https://www.khmertimeskh.com/501470948/abc-vows-to-increase-riel-usage/
New strategy to boost Cambodia’s financial sector, says Serey
The new financial development strategy for the next five years aims to help the financial sector bag greater achievements as it supports inclusive economic development, contributing to reducing poverty nationwide, said Chea Serey, Governor of the National Bank of Cambodia (NBC). ...
Nhean Chamrong
https://www.khmertimeskh.com/501489146/new-strategy-to-boost-cambodias-financial-sector-says-serey/
