News

Greater riel use could boost foreign reserves

When Cambodia began accumulating foreign reserves in 1997 – after it switched from a centrally planned market to an open economy – the central bank deposited the $276 million it had saved at the Federal Reserve Bank of New York and allowed it to manage ...

Riel Gains
http://www.khmertimeskh.com/news/36512/greater-riel-use-could-boost-foreign-reserves/

Greater use of the riel will lower interest rates

A legal framework that ensures a “sound, strong and efficient” financial sector has ensured the swift expansion of banking services throughout the country, but borrowing rates remain high and a large segment of the population – primarily those in rural areas – face difficulties accessing ...

Riel Gains
http://www.khmertimeskh.com/news/36456/greater-use-of-the-riel-will-lower-interest-rates/

The strange adventure of the Cambodian currency

On the post office square, a beautiful Art Deco building now houses the restaurant Van, an insurance company and the offices of the AFD (French Development Agency). An inquiring mind will not fail to notice on the gates the presence of little medallions with the ...

http://www.phnompenhpost.com/index.php/Special-Reports/the-strange-adventure-of-the-cambodian-currency.html

Inflation rates driven by increases in food prices

The Kingdom’s consumer price index tracked a 1.4 percent increase in May over April, according to National Institute of Statistics’ latest figures. Prices at the end of May were 6.5 percent higher than the same date the year previous, the figures show. Experts said Cambodia’s ...

http://www.phnompenhpost.com/index.php/2011070650211/Business/inflation-rates-driven-by-increases-in-food-prices.html

Central bank mulls its inflation response

Cambodia’s central bank is looking to tighten monetary policy to slow an inflation rate that could hit 8 to 9 percent this year, National Bank of Cambodia Director General and Spokeswoman Nguon Sokha said yesterday. Increases in commodity prices and petroleum has led to rising ...

http://www.phnompenhpost.com/index.php/2011080250793/Business/central-bank-mulls-its-inflation-response.html

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