NBC issues prakas for riel loans

7 December 2016
Khmer Times
Banking and financial services / Banking and financial services policy and regulation
National Bank of Cambodia (NBC)

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
http://www.khmertimeskh.com/news/32828/nbc-issues-prakas-for-riel-loans/

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