NBC plans $50M Forex bids in effort to stabilise currency
The National Bank of Cambodia (NBC) has scheduled four foreign exchange auctions this September to infuse a total of $50 million into the market. The move comes at a critical time, with experts viewing it as a significant step towards stabilising the Cambodian riel against the US dollar. The NBC issued a formal notice to all licensed banks, financial institutions and currency exchange businesses in the country on September 4, urging them to prepare for the series of US dollar bids slated to take place on specific dates this month. …
Van Socheata
https://phnompenhpost.com/national/nbc-plans-50m-forex-bids-effort-stabilise-currency
