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Central bank provides 16B riel in repo auction

Central bank provides 16B riel in repo auction

The central bank held its 10th liquidity-providing collateral-ised operation (LPCO) yesterday, making 40 billion riel ($9.89 million) available to financial institutions in an auction, it said in a press release.

Only one financial institution successfully bid in the auction, signing a repurchase agreement for 16 billion riel ($3.9 million) at an interest rate of 3 percent, according to the National Bank of Cambodia.