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Logo of Phnom Penh Post newspaper Phnom Penh Post - No bidders for central bank’s repo auction

No bidders for central bank’s repo auction

The National Bank of Cambodia (NBC) announced yesterday that no financial institutions expressed interest in its sixth liquidity-providing collateralised operation (LPCO), marking the first time the repo auction was held without attracting any bidders.

The NBC made 40 billion riel ($9.89 million) available to Cambodian financial institutions in need of liquidity yesterday, the sixth LPCO it has held since introducing the monthly auctions in October.

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