Posts Tagged ‘foreign exchange’

Dealing with the dollar dilemma

THE function of money in Cambodia is served by the national currency, the riel, and a handful of foreign currencies, including the Vietnam dong, the Thai baht and the US dollar. In fact, approximately 90 percent of all transactions today are conducted in greenbacks. Cambodia is not on its own as a heavily dollarised economy. [...]

Vattanac Bank opened 3th Branch in Phnom Penh

Despite the global financial crisis, Vattanac Bank extended its operation by opening the third branch on Monday near Olymic stadium in Phnom Penh. The bank received its banking license from the National Bank of Cambodia on June 07, 2002 and commenced operations on November 08, 2002. Vattanak bank which operated since 2002 with a $13 [...]