NBC issues prakas for riel loans

The National Bank of Cambodia (NBC) issued a prakas, or directive, last week instructing commercial banks and microfinance institutions to make out more riel loans to their customers, in a bid to promote the use of the national currency. The prakas, which took effect on Thursday, states that all financial institutions should have at least 10 percent of their loan portfolio in riel. The directive will be effective until the end of 2019. …

Sok Chan