Kingdom looks to join China’s CIPS payment system

15 February 2023
The Phnom Penh Post
Banking and financial services / Economy and commerce
Cambodia-China relations / CIPS payment system

The National Bank of Cambodia (NBC) is looking into joining the RMB Cross-border Interbank Payment System (CIPS) to provide additional international payment options; facilitate and boost trade, investment, tourism between the two countries through yuan-denominated transactions; and to make management of the Chinese currency in the Kingdom’s international reserves easier. …

 May Kunmakara
https://www.phnompenhpost.com/business/kingdom-looks-join-chinas-cips-payment-system

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