News

The National bank of Cambodia has reported large increases in the use of its Bakong digital payment system in 2024, with over 600 million transactions taking place. ...

The chairwoman of the Cambodia Microfinance Association (CMA) has reiterated that the association is committed to working with all relevant parties to increase public trust in the Kingdom’s microfinance sector. ...

The construction and real estate sectors in Cambodia have shown positive signs in 2024, with lending to these sectors increasing to $13.51 billion as of October 2024, according to a report by the National Bank of Cambodia (NBC) released at the end of December 2024. ...

The National Bank of Cambodia (NBC), yesterday, urged Banking and Financial Institutions (BFIs), as well as the public, to help prevent the circulation of counterfeit US dollar (USD) banknotes in Cambodia. ...

According to a news release from the National Bank of Cambodia (NBC) on Wednesday, Cambodia’s banking and financial institutions reported slow growth in lending during the first 10 months of 2024. ...

Deputy Governor of Mondulkiri Provincial Administration Lon Sopheap Monday urged the National Bank of Cambodia (NBC) to accelerate the opening of its branch, which would help promote the use of riel currency and facilitate the Bakong and KHQR systems. ...

Foreign direct investment (FDI) in Cambodia reached 197.8 trillion riels, ($48.4 billion) between 2018-2023, said the National Bank of Cambodia (NBC) on Tuesday. ...

Even though no one has been brought to justice, authorities have provided life jackets to four boat operators and are studying the construction of a bridge across the Stung Sen River at the site where a boat sank, killing one of 15 students on board, ...

Cambodia’s central bank, the National Bank of Cambodia (NBC), is set to launch a faster and more efficient cross-border payment system between Cambodia and India. The initiative will mark a significant expansion of Bakong’s reach, fostering economic activity between the two nations. ...

The Ministry of Commerce and the National Bank of Cambodia (NBC) recently held a high-level meeting to discuss strategies to encourage the use of Khmer Riel and decided to promote price tag labelling in national currency as an important step. ...

Some 1.8 billion Khmer riel and US dollar digital transactions valued at $492 billion were recorded in 2023, which rose over 600 million from 1.1 billion transactions in 2022, the National Bank of Cambodia (NBC) said on March 29. This significant increase, an economist opined, ...

National Bank of Cambodia (NBC) governor Chea Serey announced an increase in electronic transactions and payments in Cambodian riel for 2023, noting that they were 44% higher than in 2022. ...

 The Governor of the National Bank of Cambodia (NBC), Chea Serey, is encouraging companies and enterprise owners to offer salaries in riel, as the majority of Cambodian workers are paid in dollars. ...

The National Bank of Cambodia (NBC) and Ministry of Education have signed a Memorandum of Understanding (MoU) to include the third phase of Embedding Financial Literacy into the school curriculum to raise awareness and improve student capability in financial management as the economy evolves. ...

The fintech sector is playing a major role in the financial inclusion efforts pioneered by the National Bank of Cambodia (NBC), Governor Dr Chea Serey said while delivering the keynote address at the CamTech Summit 2023 yesterday at the Centre for Banking Studies. ...

In July, the National Bank of Cambodia (NBC) flagged the “historically” high credit-to-gross domestic product (GDP) ratio, which stood at 189 percent in 2022, with credit-to-GDP gap reaching nearly 40 percent. ...

The National Bank of Cambodia (NBC) plans to expand its cross-border payment and transfer connections to China, Singapore and India this year. ...

The National Bank of Cambodia (NBC) will intervene in the currencies market in response to slower demand for riel and appreciation of the US dollar in the international foreign exchange market, an NBC release said. ...

A multitude of international financial institutions and central banks have congratulated and expressed confidence over Chea Serey’s appointment as governor of the National Bank of Cambodia (NBC), acknowledging her expertise and qualification to develop the Kingdom’s banking sector. ...

The National Bank of Cambodia (NBC) and Bank of the Lao PDR (BOL) on Friday launched the cross-border payment via QR Code in Laos in the first phase, said a statement. ...

Cambodia exported $1.4 billion worth of electrical equipment and electronic components in the first half of 2023, a 1.3-fold increase year-on-year, according to the National Bank of Cambodia’s report. ...

In one year since its official rollout in 2022 by the National Bank of Cambodia, KHQR, the universal quick response (QR) platform of the country for digital payments, has recorded nearly 400,000 transactions. ...

Cambodia has recorded a sharp rise in mobile payments as more and more people have turned from cash-based to digital transaction options, the National Bank of Cambodia (NBC) said. ...

Cambodia’s international reserves had risen to $18.4 billion as of June 2023, up 3.2 percent from $17.82 billion at the end of 2022, said a report of the National Bank of Cambodia (NBC) on Monday. ...