Khmer News: Cambodia news | Cambodian economy | Banking sector

At the present, the banking sector in Cambodia is growing and also is playing an important role in contributing to economic development through the mobilization and allocation of previously unproductive financial resources to fulfill financial needs of the manufacturing and service sector. The slowdown of global economy affected the World’s capital and financial market, and [...]

In a bid to stop dropping the devaluation of Cambodia’s national currency, the National Bank of Cambodia (NBC) sold US$6 million to make the value of the riel stable and wanted to retain riel value at about 4,000 riel to every dollar. The National Bank of Cambodia is the Central Bank which is an autonomous [...]