Original title: The National Bank of Cambodia maintains deposit reserve ratio to respond to the challenge of the epidemic Source: Chinanews.com
Chinanews.com, Phnom Penh, August 24 (Reporter Ouyang Kaiyu) The Monetary Policy Committee of the National Bank of Cambodia announced on the 24th that it decided to maintain the deposit reserve ratio at 7% to meet the macroeconomic challenges caused by the new crown pneumonia epidemic in the second half of the year. .
According to the statement issued by the Monetary Policy Committee of the National Bank of Cambodia, in order to participate in stabilizing prices and improving the effect of monetary policy in the next quarter, the Monetary Policy Committee adopted several policies, including continuing to intervene and ensure the stability of the Cambodian currency if necessary.
The Monetary Policy Committee also decided to continue to maintain the current interest rate of the “Liquidity Guarantee Operation” tool (LPCO), while increasing the number of Khmer currency LPCO auctions, from the existing bi-weekly auction to once a week.
According to the work summary report of the Bank of Cambodia for the first half of the year, in order to ensure the stability of the Khmer currency, the Bank sold a total of 48.5 million U.S. dollars to the market in the first half of this year, a decrease compared with the 146 million U.S. dollars sold in the same period last year. In the first half of this year, the value of Khmer currency was 4085 Khmer currency to 1 U.S. dollar, an increase of 0.2% over the same period last year.
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