Tag Archives: Inflation

Increase in 1.8 percent inflation in June

According to the figure of the consumer price index (CPI) released by the National Institute of Statistics (NIS), the inflation of the cost of living conditions in Phnom Penh  increased 1.8 percent in June  in comparison with May, when the prices rose 1 percent. The increase in inflation is because of the increasing prices of … Continue reading

Reserve requirements

ON July 11, 2008, the price of a barrel of oil hit a record US$147.55, and most natural resource and food commodities were setting new highs and increasing inflation. In Cambodia there were stories of people switching from cars and motorbikes to bicycles or even walking. As gas approached 5,700 riels ($1.36) per litre, commuting … Continue reading

National Bank cut reserve requirement from 16% to 12%

Commercial Banks and real estate agencies applauded the move, which the National Bank of Cambodia slashes bank reserve requirement from 16 percent to 12 percent, eliminated restrictions on real estate lending effective on Feb 01. The Central Bank tripled the minimum capital requirement for all commercial banks on September 19, 2008 in a bid to … Continue reading

National Bank of Cambodia’s capital requirement affected the small and new banks

In an effort to tighten and strengthen the banking sector and to lower the inflation, the National Bank of Cambodia (NBC) has tripled the minimum capital requirement for commercial banks in Cambodia. According to the NBC’s Prakas on new capital requirement and criteria for licensing approval on September 19, 2008, commercial bank reserves were raised … Continue reading