China currency deals surge

8 July 2013
The Phnom Penh Post
Banking and financial services / Economy and commerce / Exports / Imports / Trade
ACLEDA / ANZ Royal / bank / Bank of China / Bank of China-Phnom Penh Branch / banking / banking sector / Cambodia Public Bank / Chinese aid / Chinese currency / Chinese embassy / Currency / Exports / Imports / In Channy / Maruhan Japan Bank / National Bank of Cambodia / Nguon Sokha / Phnom Penh / rice / Trade / Union Commercial Bank / Yuan

As trade activity between Cambodia and China intensifies, banks are seeing an increase in deals transacted in yuan, the Chinese currency. Operating in Cambodia since 2010, Bank of China’s Phnom Penh Branch has been trying to promote business transactions in yuan, and has seen a significant increase in its use to pay for imports and exports over the past six months. … Several other banks, such as Acleda, ANZ Royal, Cambodia Public Bank, Union Commercial Bank and Maruhan Japan Bank, also advertise yuan payment settlement services in Cambodia. …

http://www.phnompenhpost.com/2013070866712/Business/china-currency-deals-surge.html