Phnom Penh Municipality issued a notification letter informing currency exchange
shops and jewelry vendors doing business in the city to apply for licenses from the
National Bank of Cambodia (NBC).
A letter, signed by Phnom Penh Governor Kep Chuktema on November 8, stated that some
traders have already registered but others continue to operate without proper licensing.
Officials from the bank and the municipality will conduct inspections and take measures
against those who fail to register.
Tal Nay Im, general director at NBC, said an announcement was issued to more than
3,000 currency exchange shops and jewelry sellers in Phnom Penh, and 2,000 had applied
for licenses so far.