Economy
NBC, UNDP launch brief on dollarization in export sectors
PHNOM PENH, March 30, 2026 (KPT) – The National Bank of Cambodia (NBC)and the United Nations Development Programme have unveiled a policy brief assessing the impact of dollarization on wage payments in the garment, footwear and travel goods industries.
The report was launched on March 20 at the Institute of Banking Studies in Phnom Penh, coinciding with the 46th anniversary of the reintroduction of the Khmer riel.
The NBC deputy governor Yim Leat praised UNDP’s support, saying the recommendations aim to strengthen the riel’s role in safeguarding macroeconomic stability and sustainable growth.
UNDP resident representative Enrico Gaveglia noted that heavy reliance on foreign aid in the 1990s contributed to dollarization, but stressed Cambodia’s commitment to de‑dollarization. He said UNDP would expand use of the riel in its own operations and encourage other partners to follow suit.
-
National1 month agoCambodia Expands Free ID Services While Introducing Clear Fee Structure for Administrative Documents
-
National3 weeks agoCambodia proposes trilateral anti‑crime liaison mechanism with Laos, Vietnam
-
National2 weeks agoPM Hun Manet to visit China as trade surges and investment deepens
-
National2 weeks agoCambodia says four soldiers injured in border blast, investigation launched
-
National1 month agoSamdech Techo Hun Sen Says Cambodia Can Meet Defence Needs Through Domestic Production
-
National2 weeks agoCambodia opens new distribution hub to expand market access for local businesses
-
Opinion2 months agoFrom Connectivity to Resilience: How Japan’s Strategic Shift Could Transform Cambodia’s Next Development Phase
-
Economy2 months agoCambodia Welcomes 1 Million Tourists in Q1, But Arrivals Fall Sharply Amid Regional Pressures