News

New initiatives in Cambodia revolutionise payment options for tourists

Cambodia is set to expand its payment options for tourists by implementing blockchain-based central bank digital currency (CBDC) partnerships. This move is part of the country’s strategy to modernize its tourism sector, recognizing the significant role it plays in the Cambodian economy. ...

Khmer Times Staff
https://www.khmertimeskh.com/501405449/new-initiatives-in-cambodia-revolutionise-payment-options-for-tourists/

Chinese yuan not to be legalized in Cambodia, NBC confirms

The agreement between the National Bank of Cambodia (NBC) and UnionPay International is not to legalize the Chinese currency in the nation but rather to raise the prestige of the Khmer riel through cross-border QR payments, NBC’s deputy governor-general confirmed after concerns were raised over ...

Mao Sreypich
https://kiripost.com/stories/nbc-chea-serey-chinese-yuan-not-to-be-legalized-in-cambodia

Consumers’ complaint mechanism soon, NBC says

The National Bank of Cambodia has prepared a draft proclamation on standardised or common consumers’ complaint response mechanism for all banking, payment and financial institutions in the country to comply with NBC’s guidelines after consumers have expressed dissatisfaction over the existing mechanisms, said a senior ...

Kang Sothear
https://www.khmertimeskh.com/501325554/consumers-complaint-mechanism-soon-nbc-says/

Foreign investments up $45.8b in Q1’23 - NBC

Cambodia recorded a nine percent year-on-year growth in foreign direct investment (FDI) at 185.7 trillion riel ($45.8 billion) in the first quarter of 2023, the National Bank of Cambodia (NBC) revealed via Twitter yesterday. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-nbc-foreign-investments-up

NBC launches Cambodian Shared Switch

The National Bank of Cambodia (NBC) has launched Cambodian Shared Switch (CSS) for convenient cross-institutional payments and integration with regional countries. ...

Seng Mengheng
https://kiripost.com/stories/cambodia-nbc-launches-cambodian-shared-switch-css-atm

ThaiQR accessible at 1.5m Cambodian retailers

Thai tourists visiting Cambodia can now pay for goods easier after a bilateral agreement between the two countries was reached for cross-border QR payments. ...

Yatt Malai
https://kiripost.com/stories/thaiqr-accessible-at-150m-cambodian-retailers

MoU signed for India-Cambodia cross-border payments

The National Bank of Cambodia (NBC) and NPCI International Payments Limited (NIPL) have signed a Memorandum of Understanding (MOU) to promote cross-border payments and remittances between Cambodia and India. ...

Meas Molika
https://kiripost.com/stories/mou-signed-for-india-cambodia-cross-border-payments

National Bank of Cambodia’s deputy governor Chea Serey gives insights ion financial stability, green finance

The deputy governor of the National Bank of Cambodia has called for the world’s countries to do more to help developing nations mitigate the effects of climate change. On sidelines of this year’s Boao Forum, CGTN had an interview with the deputy governor, Madam Chea ...

Khmer Times Staff
https://www.khmertimeskh.com/501266301/national-bank-of-cambodias-deputy-governor-chea-serey-gives-insights-ion-financial-stability-green-finance/

Cambodian, Chinese central banks discuss local currency settlement for cross-border trade

Cambodian and Chinese central bank officials have discussed the promotion of local currency settlement for cross-border trade between the two countries, said a statement released by the National Bank of Cambodia (NBC) on Saturday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501266318/cambodian-chinese-central-banks-discuss-local-currency-settlement-for-cross-border-trade/

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/

Warning issued over digital security

The National Bank of Cambodia (NBC) on Wednesday asked the public to keep their personal information secure after a number of attempts to defraud people of their money on Telegram, Facebook, TikTok and by telephone. ...

Yatt Malai
https://kiripost.com/stories/cambodia-warning-issued-over-digital-security

NBC inks new payment connectivity pacts

National Bank of Cambodia (NBC) on Thursday created a new milestone for the country by inking deals with the central banks of the Republic of Fiji and the Solomon Islands to exchange knowledge and experience on financial innovation and inclusion as well as to share ...

Kang Sothear
https://www.khmertimeskh.com/501245618/nbc-inks-new-payment-connectivity-pacts/

Cambodia launches project to promote financial literacy at local level

The National Bank of Cambodia (NBC) and the Cambodia Microfinance Association (CMA) have jointly launched the “Safe Finance in Community” project to promote financial literacy, rights and consumer protection in communities, a press statement said on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501246625/cambodia-launches-project-to-promote-financial-literacy-at-local-level/

Cambodia signs MoUs with Solomon Islands, Fiji on financial innovation, payment system

Cambodia has signed Memorandums of Understanding (MoUs) with the Solomon Islands and Fiji to extend the collaboration in the areas of financial innovation and payment system, said a joint statement on Friday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501245103/cambodia-signs-mous-with-solomon-islands-fiji-on-financial-innovation-payment-system/

Now, get your vaccination details on Bakong wallet

National Bank of Cambodia (NBC) and the Ministry of Health announced the linking of Covid-19 vaccination information of individuals to the Bakong payment system. ...

Chea Vanyuth
https://www.khmertimeskh.com/501242305/now-get-your-vaccination-details-on-bakong-wallet/

NBC receives 306 financial complaints last year

The National Bank of Cambodia (NBC) received 306 cases of complaints and enquiries from consumers of services provided by banks and financial institutions through its hotline numbers in 26 cities and provinces in 2022. ...

Kang Sothear
https://www.khmertimeskh.com/501225198/nbc-receives-306-financial-complaints-last-year/

Cambodia’s economy slated to grow 6% in 2023

Cambodia’s economy is predicted to grow by roughly six percent in 2023 despite global challenges, according to the National Bank of Cambodia (NBC). ...

Mao Sreypich
https://kiripost.com/stories/cambodias-economy-slated-to-grow-6-in-2023

Cambodia’s National Bank says banking system plays active role in continuing to support economic recovery

The National Bank of Cambodia (NBC) said the banking system has played an active role in continuing to support the economic recovery by continuing to provide appropriate financial services to meet economic needs. ...

Khmer Times Staff
https://www.khmertimeskh.com/501218507/cambodias-national-bank-says-banking-system-plays-active-role-in-continuing-to-support-economic-recovery/

Cambodia raises $10 million fund from government bond

Cambodian government has raised $10.15 million from government bond as of the third quarter of this year. ...

Khmer Times Staff
https://www.khmertimeskh.com/501202296/cambodia-raises-10-million-fund-from-government-bond/

Conference throws spotlight on key role of banks

The 9th NBC Annual Macroeconomic Conference 2022 kicked-off today, highlighting how financial institutions, particularly banks, continue to be crucial participants in funding the real economy and supporting recovery. ...

Seng Mengheng
https://kiripost.com/stories/conference-throws-spotlight-on-key-role-of-banks

Bakong digital transactions see remarkable growth

Bakong payment system infrastructure has increased remarkably and has contributed to the use of financial technology and innovations, the National Bank of Cambodia said on Monday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501188708/bakong-digital-transactions-see-remarkable-growth/

Follow NBC official exchange rate, taxpayers told

The General Department of Tax (GDT) of the Ministry of Economy and Finance has asked tax payers to follow the official exchange rate issued by National Bank of Cambodia (NBC), in a move to strengthen tax collection efficiency. ...

Khmer Times Staff
https://www.khmertimeskh.com/501177006/follow-nbc-official-exchange-rate-taxpayers-told/

Credit Bureau marks 10 years of service

The Credit Bureau of Cambodia (CBC) is celebrating a decade of providing the invaluable service of credit reporting in Cambodia, creating a financial system when giving out loans. ...

Prak Chan Thul
https://kiripost.com/stories/credit-bureau-marks-10-years-of-service

ACLEDA scoops award for aiding Cambodian SMEs

ACLEDA Bank, one of Cambodia’s largest banks, today revealed it has been crowned the “Best Bank Partner for SMEs in EAP Award” by Washington DC-based International Finance Corporation (IFC), which is a member of the World Bank Group. ...

Kiripost staff writers
https://kiripost.com/stories/acleda-scoops-award-for-aiding-cambodian-smes

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