National Bank of Cambodia


National Bank of Cambodia

Coordinates: 11°34′15.71″N 104°55′26.65″E / 11.5710306°N 104.9240694°E / 11.5710306; 104.9240694

Exterior of the National Bank of Cambodia in 2008. Located on Norodom Boulevard, Phnom Penh.

The National Bank of Cambodia(NBC), located in Phnom Penh, is the central bank of Cambodia. The bank's duties include, inter alia, the management of monetary and exchange policies, the regulation of banks and financial institutions, and the control of the national currency, the riel.[1] The bank was established in 1954[2] after the Indochina Printing Institution closed [3] when Cambodia obtained its independence from France. The National Bank of Cambodia is also known as the "Red Bank" or "Banque Rouge".[4]

It is an autonomous central bank with a 7-member board of directors responsible for establishing operational policies and issuing decisions, regulations, circulars and other directives.[5] The National Bank of Cambodia supervises the banking system and is the chief banker for the government of Cambodia. The bank has four organizational areas, namely: the General Cashier, the General Directorate, the General Secretariat, and the General Inspection. His Excellency Chea Chanto is the chairman of the board of directors and the current Governor of the Bank.[6]

Branches

  • Phnom Penh
  • 21 branches in the country [7]

See also

References



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