Wednesday, December 7, 2016

NBC Issues Prakas for Riel Loans

7 December 2016

The National Bank of Cambodia issued a prakas, or directive, last week instructing financial institutions to make out more riel loans to their customers, to promote the use of the national currency. The prakas stated that all financial institutions should have at least 10 percent of their loan portfolio in riel. The directive will be effective until the end of 2019.

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