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Cambodia | Banking Sector Overview

by jhterra August 8, 2021August 9, 2021Comments are Disabled

Banking Landscape in Cambodia Cambodia banking system was destroyed during Khmer Rouge period and was only restored in 1993. Today, private banking institutions in Cambodia is a composite of (i) Commercial Banks (ii) Specialised Banks (iii) Microfinance Institutions (MFIs) and (iv) NGOs involved in rural credit activities. As at December 2020, Cambodia has 51 commercial …

Cambodia | Route to De-Dollarisation

by jhterra June 15, 2021August 8, 2021Comments are Disabled

Tale of 2 currencies One might notice the common use of US dollar as a medium of exchange in Cambodia, despite the country having its own official currency – Cambodia Riel. Dollarisation in Cambodia traces back to the 1970s where Riel was abolished during the Pol Pot’s regime. Despite the reinstatement of Riel in 1980s, …