Chinese yuan not to be legalized in Cambodia, NBC confirms

19 July 2023
Kiripost
Banking and financial services / Economy and commerce
Cambodia-China relations / Cambodian Riel / Chinese yuan / cross border payment / National Bank of Cambodia

The agreement between the National Bank of Cambodia (NBC) and UnionPay International is not to legalize the Chinese currency in the nation but rather to raise the prestige of the Khmer riel through cross-border QR payments, NBC’s deputy governor-general confirmed after concerns were raised over the legalization of the Chinese yuan in Cambodia. …

 Mao Sreypich
https://kiripost.com/stories/nbc-chea-serey-chinese-yuan-not-to-be-legalized-in-cambodia

Contact us

Ask Question
Report Problem
Share Idea
Send Feedback
Submit Resources

Do you have questions on the content published by Open Development Cambodia (ODC)? We will gladly help you.

Have you found a technical problem or issue on the Open Development Cambodia (ODC) website?

Tell us how we're doing.

Do you have resources that could help expand the Open Development Cambodia (ODC) website? We will review any map data, laws, articles, and documents that we do not yet have and see if we can implement them into our site. Please make sure the resources are in the public domain or fall under a Creative Commons license.

View | Delete

File was deleted

ERROR!

Please add the code:

* The idea box couldn't be blank! * The email address is not valid! Something's gone wrong, Please Resubmit the form! Please add the code correctly first.