Ministries and other national bodies

National Bank of Cambodia

Soramitsu, the little-known blockchain firm behind Southeast Asia’s digital payment systems

Soramitsu, a Japanese company riding the wave of blockchain-based products supporting digital payments, has landed several deals with central banks. ...

Khmer Times Staff

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

Financial stability linked to monetary policy, says Chea Serey

The financial stability of a country is linked to its monetary policy, said Chea Serey, Governor of the National Bank of Cambodia, yesterday. ...

Chea Vanyuth

Cambodia continues selling US dollars to stabilise exchange rates

The National Bank of Cambodia (NBC) announced on September 19 that it will continue holding two auctions of US dollars (each worth 10 million USD) on September 20 and 22, to ensure exchange rate stability, maintain the purchasing power of the Cambodian riel, and support ...

Khmer Times Staff

Cambodia’s economy continues to recover strongly, says AMRO

An initial research by an international economic and financial research organisation shows that Cambodia’s economy has continued to recover strongly with a high growth rate that is supported by more active domestic economic activities and growth in its service sector, according to a statement released ...

Kang Sothear

NBC plans $50M Forex bids in effort to stabilise currency

The National Bank of Cambodia (NBC) has scheduled four foreign exchange auctions this September to infuse a total of $50 million into the market. The move comes at a critical time, with experts viewing it as a significant step towards stabilising the Cambodian riel against ...

Van Socheata

NBC to intervene in foreign exchange market

The National Bank of Cambodia (NBC) will intervene in the currencies market in response to slower demand for riel and appreciation of the US dollar in the international foreign exchange market, an NBC release said. ...

Kang Sothear

Siem Reap hosts regional training course on “Exchange Rate Policy”

The National Bank of Cambodia (NBC) has been hosting a training course of “Exchange Rate Policy” with the participation of 34 representatives from central banks and monetary authorities of 12 countries in Asia Pacific Region. ...

Khmer Times Staff

Solid reserves reflect stability of Cambodian economy, riel

The rise in Cambodia’s international reserves reflects the confidence in Khmer riel, stability of the exchange rate, high liquidity and a sound economy that can withstand external shocks or crises, experts said. ...

May Kunmakara

Economy to grow 5.5% in 2023, says NBC

Cambodia’s GDP is expected to grow by 5.5 percent with a low inflation rate of two percent in 2023, due to external factors and the re-opening of the economy. ...

Mao Sreypich

Japan key partner in digital economy drive

Japan remains a key partner in Cambodia’s journey towards becoming a fully-digitalised economy, according to a prominent banker in the country. ...

Sreekanth Ravindran

Cambodia records sharp rise in digital payment in 2022: report

Cambodia has seen a significant rise in mobile payments as more people transition from cash-based to digital transaction options, according to a recent report by the National Bank of Cambodia (NBC). ...

Khmer Times Staff

NBC closes 104 rural credit institutions

The Coalition of Cambodia Farmers Community said on Thursday that the recent shutdown of 104 rural credit institutions that provided loans to farmers will not affect their livelihoods, saying that past interest rates were high. ...

Meas Molika

Payment in riel grew faster than US dollar through Bakong

The amount of cash paid in riel by account holders through Bakong system has increased 4.1 times in 2022 compared to the previous year, while that paid in US dollar through the same system has risen 3.2 times, and the transactions made through this system ...

Kang Sothear

NBC’s Chanto: Kingdom’s growth will hit 6% in 2023

The central bank governor has set a six per cent target for Cambodia’s economic growth in 2023 – higher than the 5.2-5.8 per cent forecast by major international institutions such as the Asian Development Bank (ADB), World Bank (WB) and International Monetary Fund (IMF). ...

Rann Reuy

Bakong system lends a hand to promote riel usage

The Bakong system, the interbank transaction platform of the country launched by the National Bank of Cambodia (NBC), has helped with the de-dollarization efforts of the central bank through payments using KHQR and also by promoting cross-border payments.​​ ...

Manoj Mathew

NBC disseminates financial inclusiveness in Kampong Cham

The National Bank of Cambodia (NBC) on Thursday last week disseminated the country’s microfinance industry to local authorities in a district in Kampong Cham province mainly to promote financial literacy, increase financial inclusiveness and enhance protection of banking and financial service consumers, said a release ...

Kang Sothear

Riel day reiterates significance of national currency

The National Bank of Cambodia (NBC) organized on Monday a Seminar on Riel, Financial Literacy and Bakong system, as part of the celebration of the 43rd anniversary of reintroduction of Riel, the national currency. ...

Khmer Times Staff

NBC celebrates 43rd anniversary of riel reintroduction

In a bid to raise public awareness of the usage of the national currency, National Bank of Cambodia (NBC) hosted a seminar on ‘Riel, Financial Literacy and Bakong’ at the Center for Banking Studies yesterday. ...

Adur Pradeep

NBC calls for more UK investment, exports

National Bank of Cambodia (NBC) assistant governor Chea Serey on February 7 proposed that British businesspeople ramp up their investments in Cambodia and buy more local goods, to strengthen bilateral economic relations and stimulate recovery in the Southeast Asian country following a downturn linked to ...

May Kunmakara

Be mindful of informal financing, NBC warns

The National Bank of Cambodia (NBC) and National Police on February 2 issued a joint statement warning of the risks associated with informal financial services, which it said could put borrowers in excessive debt or otherwise upend their lives. ...

May Kunmakara

NBC: Int’l reserves $17.8B at end-2022

The Kingdom’s international reserves ended 2022 at $17.8 billion, equivalent to seven months of import cover, compared to $20.3 billion and 8.1 months at end-2021, which pundits affirm is still high for a developing country given the recent global financial crisis, signalling positive levels of ...

May Kunmakara

H2 inflation to fall below 5%: NBC boss

Average year-on-year inflation for the second half (H2) of 2022 will fall below five per cent, on the back of improvements in economic activity, as gross domestic product (GDP) grows around five per cent over the period, National Bank of Cambodia (NBC) governor Chea Chanto ...

May Kunmakara

Inflation predicted to fall below five percent

Inflation remains under control and is predicted to drop below five percent as banking and financial institutes continue to aid post-pandemic economic recovery, says the National Bank of Cambodia. ...

Prak Chan Thul

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