Tuesday, November 3, 2015

Financial tool tweaked to sharpen interbank market


3 November 2015

Cambodia’s central bank has decreased the minimum-investment threshold on negotiable certificates of deposit (NCDs) and will no longer offer term-deposit accounts in an effort to kick start the sputtering interbank lending market. Current interest rates on riel-denominated and dollar-denominated NCDs with six-month maturities stand at 1.8% and 0.4%, respectively.

Source:
http://www.phnompenhpost.com/business/financial-tool-tweaked-sharpen-interbank-market

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