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Logo of Phnom Penh Post newspaper Phnom Penh Post - NBC delivers 8B riel in its latest repo auction

NBC delivers 8B riel in its latest repo auction

The National Bank of Cambodia (NBC) yesterday held its 12th 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 8 billion riel ($2 million).

Only one financial institution made a successful bid during the auction, receiving funds at an interest rate of 3 percent, NBC said in an announcement.

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