The increase in numbers of financial services such as banks and mobile platform payment services across the Kingdom has aided the National Bank of Cambodia’s efforts to boost riel circulation within the country.
NBC Governor H.E Chea Chanto speaks about the Riel in conjunction with the 40th Anniversary of its Reintroduction, 20 March 2020
As we can see that the confidence in the local currency has been increasing year by year given that more Cambodians become aware of the benefits of the riel in the economy.
Dr. Aun Pornmoniroth in conjunction with the 40th Anniversary Celebrations of Reintroduction of Khmer Riel.
The large inflows of US Dollars during the UNTAC period in the early 1990s, together with public’s experiences during the Khmer Rouge, have lead public to preferred US Dollar as means of payment.
Consumers and business owners in Cambodia alike always face a dilemma of whether to pay in Riel or US dollar and the appropriate applicable exchange rate for their daily regular transaction.
The ongoing drive to encourage an increase in riel usage received a big boost last year through the NBC’s implementation of a compulsory 10 percent riels loan portfolio for lenders.
To facilitate dollarized economy, Cambodian banks and financial institutions have increased their cash handling through dual currencies ATM machines.
The abolishment of practically all banking services and physical currency in Cambodia by the Khmer Rouge regime in between 1975 and 1979 created a monetary vacuum.
Over the past decade, the global insurance industry has experienced massive growth. This has been associated with higher investment income, better interest rates and sustainable economic growth.
A team of journalists were sent to five provinces to ask the nation’s traders, farmers and others their thoughts and feelings on the national currency outside Phnom Penh.
While cash has become an increasing concern during the spread of Coronavirus, a form of digital payment would be a safe option.
Cambodia has become a dollarized economy since the early 1990s owing to a massive influx of foreign currency into the economy.
Chinese New Year 2020
明天就是中国农历春节，几千年来，春节一直是全球华人最重要的传统节日。在这个喜庆时刻，我代 表中国驻柬埔寨大使馆向所有在柬中资机构人员、汉语教师志愿者、留学生、华侨华人和柬埔寨朋友们 拜年，祝大家新春快乐！万事如意！
Message from Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Kingdom of Cambodia H. E. WANG Wentian
The Chinese Lunar New Year-Spring Festival will fall on tomorrow. For thousands years, the Spring Festival is the most important traditional festival for Chinese all over the world.
Chinese New Year, also known as the Spring Festival or the Lunar New Year, is one of the most celebrated festivals in the world, with approximately two billion celebrants every year. While a bulk of…
As the Chinese New Year falls on the 25th of January and marks another New Year, the traditional practice of Feng Shui is often sought by many for better health, home, career and even relationships with loved ones.
Saturday the 25th of January marks the Year of the Rat in the Lunar Calendar, bringing an end to the Year of the Earth Pig (2019-2020).
Gong Xi Fa Cai! Xin Nian Kuai Le! Happy Chinese New Year to Everyone from Amru Rice!
“I always believe I’m made by the people I’ve met, the views I’ve seen, the things I’ve done. Thank you, Cambodia, for being a part of me.” Zheng Ling wrote after a trip to Siem Reap.
E-Generation Chase Your Dream Career
Be Chantra is well known as one among the tech community builders in the Kingdom. Chantra brought BarCamp to Cambodia in 2008 with his co-founder when not so many people knew or understood technology.
To prepare its young generation for the local, regional and global business and labour markets is an endless mission of the government, particularly the Ministry of Education.
While the trend of Industrial Revolution 4.0 is being discussed vehemently in the public and social media, we believe that some people in Cambodia still have no idea of what it is.
American University of Phnom Penh (AUPP) is accepting admission for the class of 2020. The decision was made in response to the requests from students who missed submitting applications in early October 2019.
We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another.
Standing tall above the rest, CamEd Business School believes in providing a quality tertiary education that will lead its graduates to stand on par with others in international financial centres.
Founded in 2005 by Dr. Mengly J. Quach with focuses on education, health, social and community development, MJQE is the leading education provider in Cambodia recognised for its quality education and services.
IT is hard to believe that technology can overwhelm every aspect of human life, but today it seems to be coming true.