National Bank of Cambodia

The National Bank of Cambodia (NBC) (Khmer: ធនាគារជាតិនៃកម្ពុជា), 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.[2] The bank was established in 1954[3] after the Indochina Printing Institution closed [4] when Cambodia obtained its independence from France. During Democratic Kampuchea from 1975 to 1979, the whole financial system ceased to exist, but the central bank was re-established in October 1979.[5] The National Bank of Cambodia is also known as the "Red Bank" or "Banque Rouge",[6] and People's National Bank of Kampuchea from 1979 to 1992.

National Bank of Cambodia
ធនាគារជាតិនៃកម្ពុជា


Headquarters
HeadquartersPhnom Penh, Cambodia
Established23 December 1954 (1954-12-23)
Ownership100% state ownership[1]
GovernorChea Chanto
Deputy GovernorNeav Chanthana
Central bank ofCambodia
CurrencyRiel
KHR (ISO 4217)
Reserves6 760 million USD[1]
Websitewww.nbc.org.kh

Board of Directors

The governing body of the Central Bank is the Board of Directors. The board consists of seven members: the governor, the deputy governor, and five other members, one representing the head of government, one representing the Ministry of Economy and Finance, one representing economic activities, one representing higher education, and one representing the staff of the Central Bank. The board is headed by the governor.[7]

List of Governors
No. Name Term
1 Son Sann 1955 – 1969[8]
2 Touch Kim 1970 – 1972
3 Hing Kunthel 1972 – 1973
4 Sok Chhong 1973 – ?
disestablished (1975 – 1979)
6 Chan Phin 1979 – 1981[9]
7 Cha Rieng 1981 – 1993
8 Thor Peng Leath 1993 – 1998[10]
9 Chea Chanto 1998 – present[10]

Branches
  • Phnom Penh
  • 21 branches elsewhere in the country[11]

See also

References
  1. https://d-nb.info/1138787981/34
  2. Archived 2016-03-03 at the Wayback Machine Duties & functions, NBC
  3. "History". www.nbc.org.kh.
  4. National Bank of Cambodia-Brief History, http://www.nbc.org.kh/english/about_the_bank/history_of_nbc.php
  5. "Central Bank celebrates 40th anniversary". October 10, 2019.
  6. "ធនាគារជាតិ នៃ កម្ពុជា - ប្រាក់រៀល ស្ថិរភាព អភិវឌ្ឈន៍". ធនាគារជាតិ នៃ កម្ពុជា.
  7. "Board of Directors". National Bank of Cambodia.
  8. Leifer, Michael (May 13, 2013). Dictionary of the Modern Politics of Southeast Asia. Routledge. ISBN 9781135129453 – via Google Books.
  9. Gardere, Jean-Daniel (April 24, 2010). Money and Sovereignty: An Exploration of the Economic, Political and Monetary History of Cambodia. National Bank of Cambodia. ISBN 9789996351129 – via Google Books.
  10. "Summary of World Broadcasts: Asia, Pacific". British Broadcasting Corporation. April 24, 1998 – via Google Books.
  11. "Branches". www.nbc.org.kh.
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