The National Bank of Cambodia (NBC) announced yesterday that its second Liquidity-Providing Collateralised Operation (LPCO) will be held on November 22, with 40 billion riel ($9.89 million) to be made available to Cambodian financial institutions in need of liquidity.

The auction will be the same size as the first LPCO held last month, which con-cluded with repurchase agreements, or repos, signed for some 12 billion riel ($3 million). The Central Bank introduced its LPCO scheme in October, and has said it will operate on a monthly basis during its first six months.