- Event Date: 03/27/2020
Despite the recent decline in world economic growth, the National Bank of Cambodia (NBC) reported reduced inflation and a stable exchange rate in its 2012 Annual Report. As a result of effective monetary and fiscal policies adopted by the NBC and the Royal Government of Cambodia, the inflation rate decreased from 4.9% in 2011 to 2.5% in 2012, while Cambodia’s annual average exchange rate remained steady at 4,010 Riel per US dollar.
During this time, the NBC also broadened the scope of its supervisory role. As the monetary authority in Cambodia, the NBC implements and oversees compliance with monetary policies and regulations. As of January 1, 2013, the NBC supervises and monitors 43 banking institutions including 32 domestic commercial banks, 7 specialized banks and 4 representative offices, as well as 70 microfinance institutions.