Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Forex reserves up 10pc

Forex reserves up 10pc

CAMBODIA’S foreign reserves rose 10 percent in 2009 despite the global economic downturn, according to National Bank of Cambodia Director General Tal Nay Im. She did not give figures, but foreign reserves were worth US$2.16 billion at the end of 2008, according to figures from the central bank. The International Monetary Fund (IMF) said last month it expected official reserves to remain stable in 2009 as sharply declining exports and foreign direct investment offset plunging imports. It said reserves were worth three and a half months of imports. Reserves were boosted in August by an IMF $108 million Special Drawing Rights allocation.

0

Comments

Please, login or register to post a comment

Latest Video

ACLEDA’s boss on how tech is changing financial services

In today’s world of fast-changing technology, Cambodia is seeing increasing innovation in financial services.

ACLEDA President In Channy on the key to the bank’s success

Post Khmer Editor-in-Chief Kay Kimsong sat down with Dr In Channy, President and Group Managing Director of ACLEDA Bank Plc, to explore the main principle guiding Cambodia’s biggest bank.

A taste of Phnom Penh's first container night market

At the launch of Phnom Penh's newest market, The Post spoke to customers and stallholders about what the hub of bars, food stalls, shops and live music will add to the city's nightlife.