News
NBC Governor says Cambodia has seen big increase in local currency usage in past 2 decades
Cambodia has seen a big jump in the use of local currency Riel over the past two decades, National Bank of Cambodia (NBC)’s Governor Chea Serey said here on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501390501/nbc-governor-says-cambodia-has-seen-big-increase-in-local-currency-usage-in-past-2-decades/
Bakong system lends a hand to promote riel usage
The Bakong system, the interbank transaction platform of the country launched by the National Bank of Cambodia (NBC), has helped with the de-dollarization efforts of the central bank through payments using KHQR and also by promoting cross-border payments. ...
Manoj Mathew
https://www.khmertimeskh.com/501275493/bakong-system-lends-a-hand-to-promote-riel-usage-2/
Riel-based deposits and lending help NBC’s de-dollarisation efforts
The banking system has played a crucial role in supporting Cambodia’s recovery from the economic downturn in the wake of Covid-19 with National Bank of Cambodia (NBC) pursuing an accommodative and prudent monetary policy to meet the needs of the economy. ...
Manoj Mathew
https://www.khmertimeskh.com/501263299/riel-based-deposits-and-lending-help-nbcs-de-dollarisation-efforts-2/
Public ‘OK’ with removal of small-dollar banknotes
As the deadline draws close for commercial banks and microfinance institutions to send back smaller dollar banknotes to the National Bank of Cambodia without a service charge, businesses are seeing an increase in the use of the riel transactions with no real complaints from shoppers. ...
Jason Boken
https://www.khmertimeskh.com/50757036/public-ok-with-removal-of-small-dollar-banknotes/
Blockchain system will reduce dependence on the ‘greenback’
Cambodian’s will soon be able to make near-instant payments via a new blockchain payment platform being launched under a system called Distributed Ledger Technology (DLT) that will “ultimately undermine the popularity of the US dollar”, according to the Kingdom’s central bank director. ...
Harrison White
https://www.khmertimeskh.com/50723403/blockchain-system-will-reduce-dependence-on-the-greenback/
Int’l digital payment firms ‘committed’ to de-dollarisation
Visa Inc. is one of several international digital payment firms who have said they are committed to supporting the government and the National Bank of Cambodia (NBC) in their de-dollarisation mission. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50713285/intl-digital-payment-firms-committed-to-de-dollarisation/
De-dollarisation is ultimate goal of the Royal Government
A question and answer session with Deputy Prime Minister and Minister of Economy and Finance Dr Aun Pornmoniroth in conjunction with the 40th anniversary celebrations of the reintroduction of the riel. ...
Economists assail opposition proposal to ditch US dollars
Economists on Tuesday lambasted the CNRP’s proposal to eliminate the use of U.S. dollars for transactions in the country within one year of a victory in next year’s national elections, saying the policy would be “a disaster” and “impossible.” ...
Brendan O’byrne
https://www.cambodiadaily.com/news/economists-assail-opposition-proposal-to-ditch-us-dollars-131307/
CSX Slated to Start Trading by the End of 2011
While the Cambodia Securities Exchange (CSX) recently opened its doors for business, it’s not quite ready to actually do business. As it currently stands, there is no actual trade taking place, making it the smallest bourse in the world in terms of market capitalization. However, ...
