2016-11-29
On 29 November 2016, H.E. Chea Chanto, Governor of the National Bank of Cambodia, allowed Dr. Sudhir Shetty, Chief Economist of the East Asia and Pacific Region (EAP) of the World Bank to pay a courtesy call at the National bank of Cambodia in order to discuss perspectives on regional economic prospects and share views on the Cambodian economy–financial sector sustainability, exchange rate and the promotion of the use of Cambodian Riels.
Taking that opportunity, H.E. Chea Chanto briefed him about the robustness of Cambodian banking sector, in which the National Bank of Cambodia had put forward macro and micro prudential measures and enhanced the banking supervision aiming to contribute to financial stability in Cambodia. In addition, the Royal Government and the National Bank of Cambodia continue to implement the policy on promoting the use of Riel and maintaining exchange rate stability to bolster the public’s confidence in the riel for a wider use of the riel.
