The Cambodian banking system has remained robust despite global economic uncertainties, including geopolitical tensions and bankruptcies in some countries. The National Bank of Cambodia Governor, Chea Serey, attributed the system's resilience to cooperation, prudent regulations, and stable credit interest rates. Inflation rates dropped to 2.1% in 2022, and the Khmer Riel currency exchange rate to the US dollar remained at 2%. The riel exchange rate against the US dollar stabilized, and international reserves remained high. Credit interest rates in Cambodia remain relatively stable, with some institutions slightly higher than in other countries. Cambodia's international reserves are expected to reach $20 billion by 2023, ensuring imports of essential goods and services for seven months in case of an emergency. Credit growth is crucial for the manufacturing sector, with double-digit growth in manufacturing and agriculture. (ICE BANGKOK)

Fonte notizia: Khmer Times