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Central Bank puts 40B riel up for bid in LPCO

Central Bank puts 40B riel up for bid in LPCO

The National Bank of Cambodia (NBC) yesterday held its second 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 8.4 billion riel ($2.07 million).

Three financial institutions successfully bid in the auction, which provided the funds at an interest rate of 3 percent. The NBC held its first LPCO on October 18, also making 40 billion riel available, but with repos signed for 12 billion riel ($2.96 million).

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