News

The Ministry of Commerce and the National Bank of Cambodia (NBC) recently held a high-level meeting to discuss strategies to encourage the use of Khmer Riel and decided to promote price tag labelling in national currency as an important step. ...

The Khmer riel (KHR) is now available at Japan’s Tokyo Haneda Airport, meaning Japanese tourists visiting Cambodia can access the local currency, with the aim of strengthening tourism flow into the country. ...

The National Bank of Cambodia (NBC) sold $139.1 million through auction last year to stabilise the riel exchange rate and to rebound the economy, according to the central bank’s report released on Monday. ...

The Cambodian currency, Khmer Riel (KHR), is now accepted for exchange with other currencies at Travelex money exchange counters in Singapore’s Changi Airport. ...

Cambodian people and foreigners who are in need of riel banknotes before arrival in the Kingdom can now be able to change foreign currencies for Cambodia’s national currency at the Travelex money exchange counters in Singapore’s major international airport commonly known as Changi Airport, said ...

The National Bank of Cambodia (NBC) and UnionPay International (UPI) signed a deal on Monday to promote cross-border payment with China and improve the use of the Khmer riel. ...

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 ...

The banking system has played a crucial role in supporting Cambodia’s recovery from the economic downturn in the wake of Covid-19 with National Bank of Cambodia (NBC) pursuing an accommodative and prudent monetary policy to meet the needs of the economy. ...

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. ...

Cambodian’s will soon be able to make near-instant payments via a new blockchain payment platform being launched under a system called Distributed Ledger Technology (DLT) that will “ultimately undermine the popularity of the US dollar”, according to the Kingdom’s central bank director. ...

The share of riel in circulation in the Kingdom grew by about 33 per cent year-on-year by last year’s end as deposits in riel increased by 37 per cent, said the National Bank of Cambodia (NBC) 2019 Review and 2020 Outlook report. The report noted ...

The Cambodian riel accounted for about 17 percent of total currency circulation last year, a number similar to previous years, but central bank officials said they remained optimistic that use of the local currency will grow in the future. ...

The central bank injected $915 million worth of riel into the economy last year by buying up US dollars with the local currency, stabilising the exchange rate amid higher demand for riel, according to the bank’s latest report. ...

A government prakas that requires all businesses to post prices of their goods and services in the local riel currency has had little impact on pricing practices, with the vast majority of businesses in Cambodia continuing to quote prices in US dollars and authorities showing ...

Commercial lenders have said the central bank’s requirement that banks and microfinance institutions (MFIs) increase the share of local currency in their loan portfolio to at least 10 percent by the end of 2019 could prove challenging to implement as their biggest clients exhibit a ...

The government has issued a decree that requires all businesses to put price tags on their products and services in riel to increase transparency for consumers and boost the use of the local currency. ...

Cambodia’s strong economic growth and foreign investment are subject to “considerable” downside risks, the International Monetary Fund has warned. A staff report released in Washington late Tuesday said “economic activity remains strong driven by robust exports, with garment exports helped by preferential access to European Union.” At ...

The new 100,000 riel banknote depicting the late King Father Norodom Sihanouk is not just a pretty historical token. It will also help inject much needed cash into the economy, according to the National Bank of Cambodia. Although take-up will occur as older banknotes of other ...

Cambodia will launch a new 100,000-riel banknote (in equivalent to 25 U.S. dollars) in order to celebrate the sixtieth birthday of King Norodom Sihamoni on May 14, a central bank official said Wednesday. A sub-decree on the issuance of the new 100,000-riel banknote was signed ...

ANZ chief executive Mike Smith says Cambodia should decouple the riel from the US dollar to a stand-alone currency and align itself to the Chinese renminbi (RMB), given the shift in global trade flows. At the Cambodia Outlook Conference in Phnom Penh yesterday, Smith said: “I ...

The stabilisation of the riel over the first half of this year is a reflection of increased confidence in using riel in the economy as well as improvements in the agricultural sector, according to economists and the National Bank of Cambodia (NBC). The slowdown in the US economy ...

The share price of the Phnom Penh Water Supply Authority (PPWSA) fell 50 riel yesterday to 6,250 riel, or about $1.52, bringing the authority’s share price lower than its initial public offering (IPO) in April. The decline matches views expressed by investors here that the authority’s ...

Koh Thom district, Kandal province – On a quiet stretch of road in this sleepy border town, there are some telltale signs of an unusual trade: A trail of discarded dead rats, some upturned with their paws stiff in the air, others covered with a ...

Price levels picked up during the first half of 2012 but will likely cool down in the second half of the year due to changes in energy prices and major food related items. Therefore, the inflation rate has been upwardly adjusted by 30 basis points to 4.8 percent ...