Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Central bank to hold second LPCO auction

Central bank to hold second LPCO auction

Central bank to hold second LPCO auction

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.

RECOMMENDED STORIES