National Bank of Cambodia

National Bank of Cambodia
ធនាគារជាតិនៃកម្ពុជា
Banque Nationale du Cambodge
Headquarters
Headquarters Phnom Penh, Cambodia
Established 23 December 1954 (1954-12-23)
Governor Chea Chanto
Central bank of Cambodia
Currency Riel

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.[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. As of 2013 Chea Chanto is the chairman of the board of directors and the Governor of the Bank.[6]

Branches

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

See also

References

  1. ↑ Duties & functions, NBC
  2. ↑ Bank History (Lịch sử)
  3. ↑ National Bank of Cambodia-Brief History, http://www.nbc.org.kh/english/about_the_bank/history_of_nbc.php
  4. ↑ National Bank of Cambodia official site
  5. ↑ National Bank of Cambodia Archived 2007-07-07 at the Wayback Machine.
  6. ↑ Board of Directors of National Bank of Cambodia
  7. ↑ Map of Branches for the Bank
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.