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

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.

MOST VIEWED

  • Hun Sen rejects ‘rift’ rumours spread by ‘stupid gangsters’

    Prime Minister Hun Sen on Wednesday denied a “rift” among top leaders of the Cambodian People’s Party (CPP), and rejected claims that Senate president Say Chhum and Interior Minister Sar Kheng were set to be removed from their positions as rumours spread by “gangsters”.

  • Huge 3.5-tonne ivory haul seized in capital

    Working with US officials, Phnom Penh Autonomous Port has uncovered almost 3.5 tonnes of elephant ivory hidden in a container, the US Embassy in Cambodia said on Facebook on Saturday. A tip-off provided to the General Department of Customs and Excise by a US Fish and

  • Cambodia’s Miss Universe contestant to return home

    Twenty-three-year-old Rern Sinat from Kampong Cham province, only the second Miss Cambodia to compete in the Miss Universe beauty pageant, is said to be “a little disappointed but in good spirits” after not ranking in the 2018 Miss Universe contest in Bangkok, Thailand. “The weakest part

  • Assembly passes amendment to Political Party Law Article 45

    The National Assembly on Thursday unanimously approved a proposed amendment to Article 45 of the Law on Political Parties in a move that could pave the way for former senior opposition leaders banned for five years to return to the political stage. As expected, the 115 ruling