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At its inception, the bank emitted the national riel currency with a gold standard of a weight of 25.3905 milligrams of fine gold secured by the assets in gold and foreign currencies by the National Bank of Cambodia itself. [7] It thus served an important role as a mixed-economy entreprise of the Sangkum. [8]
As of September 30, 2021, there were 54 commercial banks, [7] 10 specialized banks, [8] 79 microfinance institutions, [9] 6 microfinance deposit-taking institutions, [10] 6 representative offices, [11] and 17 financial leasing companies [12] in Cambodia. As of June 20, 2022, National Bank of Cambodia here are 58 [13] commercial banks in Cambodia.
Chea Serey was an early supporter of the potential of blockchain technology but has been cautious about the development of cryptocurrencies in Cambodia. [19] Though the National Bank of Cambodia is launching its own blockchain technology, which allows secure digital currency transactions, the body is not willing to trust all cryptocurrencies.
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The National Bank of Cambodia (NBC) said in a statement to Reuters that payments firms such as Huione weren't allowed to deal or trade any cryptocurrencies and digital assets.
Oriental Bank received their approval in principle from the National Bank of Cambodia on the ninth of December 2020 [3] The banking operation license was received from the National Bank of Cambodia in January 2022, and were officially presented to them on 28 February 2022, by the Governor of the National Bank of Cambodia, H.E Dr. Chea Chanto. [4]
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Canadia Bank was established on 11 November 1991, as the Canadia Gold & Trust Corporation Limited, under a joint-venture with overseas Cambodians and the National Bank of Cambodia, and as a sole office financial institution managed by the former staff of the National Bank of Cambodia and Canadian Cambodian shareholders. One of the founders is ...