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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

SWF money invests in Cambodian banking industry

Posted on 30 September 2013

Regional institutional investors are becoming a stanchion for the underdeveloped banking industry in Cambodia. In 1975, during Khmer Rouge’s rule, all banks were shut down – money was abolished. After their downfall in 1979, the Riel, Cambodia’s currency, was introduced. The National Bank of Cambodia (NBC) was created as the central bank.
Today, more than 90% of the Cambodian population does not have a bank account – according to various public sources………………………………………..Full Article: Source


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