Driven by the strong external demand and a resumption in domestic activity, Cambodia’s real GDP growth is estimated to have accelerated to 5 percent in 2022 from 3 percent in 2021. The manufacturing sector was robust, supported by the expansion of both garment and non-garment exports The Cambodian economy is projected to expand at a […]
Read MoreTo accord due prominence to the local currency and reduce the Greenback’s dominance, many countries are in the process of exploring the possibility of using their national currencies in trade and other global transactions. As part of the efforts to increase the usage of Khmer Riel, Cambodia is also exploring settlement of international trade in […]
Read MoreA majority of population in provinces in which National Bank of Cambodia (NBC) had organised riel promotion events have started using the national currency in their daily economic activities compared to the usage of foreign currencies, said a senior NBC official. Last year Chea Serey, NBC’s Deputy Governor, spearheaded a team to promote riel usage […]
Read MoreWorld Bank has maintained the 2023 economic growth rate forecast for Cambodia at 5.2 percent while it lowered the prospects for the neighbouring countries Vietnam and Thailand from its October 2022 estimates. Vietnam, which was expected to grow at 6.7 percent this year as per the October forecast will now grow by only 6.3 percent […]
Read MoreAs much as 42 percent of the loans disbursed by banks and commercial banks in Cambodia has been taken by residents living in its capital Phnom Penh while women borrowers outnumber men in most of the provinces. According to a report by the Credit Bureau Cambodia (CBC) for 2022, released recently, out of the $48 […]
Read MoreCambodian and Chinese central bank officials have discussed the promotion of local currency settlement for cross-border trade between the two countries, National Bank of Cambodia (NBC) said in a statement on Saturday. NBC’s Deputy Governor Chea Serey and Xuan Changneng, vice governor of the People’s Bank of China, held the talks on the sidelines of […]
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