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Logo of Phnom Penh Post newspaper Phnom Penh Post - Central bank issues 40B riel in latest LPCO

Central bank issues 40B riel in latest LPCO

Central bank issues 40B riel in latest LPCO

The National Bank of Cambodia (NBC) yesterday held its fourth liquidity-providing collateralised operation (LPCO), making 40 billion riel ($9.89 million) available to financial institutions in an auction in which repurchase agreements, or repos, were signed for 9.4 billion riel ($2.3 million).

Three financial institutions successfully bid in the auction, receiving the funds at an interest rate of 3 percent, NBC said in an announcement.

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