Khmer News: Cambodia news | Cambodian economy | Banking sector

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 [...]

The National Bank of Cambodia (NBC) has already approved the license for the Hanoi-based Bank for Investment and Development of Vietnam (BIDV) to open its representative office soon in Phnom Penh, which bought a local commercial bank- Prosperity Investment Bank, which began its operation in August 2007. Tal Nay Im, NBC’s director general, was quoted [...]