The National Bank of Cambodia (NBC) is the “Inner Bank” which is an autonomous public entity of a commercial and industrial nature. The Inner Bank is a legal entity with full jurisdiction and shall have the capacity to: Lend, borrow, and enter into all other contracts Institute legal proceedings and be subject to such proceedings [...]
Law on Foreign Exchange was approved on August 22, 1997. In all-function, any foreign exchange operations and any operations carried out between residents and non-residents are subject to the present law when they related to payment for commercial transaction, transfer or capital flow, including investment. Below article 2, for the enforcement of this law, the [...]
Law on banking and financial institution approved on November 1999 and signed by former King Norodom Sihanouk consists of 24 stage and 76 articles. All banks and financial institutions are legal entities accredited to involve out banking operations as their regular business. At the mean times, the operation of banking is for credit operation for [...]