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Banking & Finance

· 108 articles

Banking & Finance

Eurogiro and Cambodia Post Bank Partner to Revolutionize Cross-Border Remittances for Cambodians

Eurogiro, an international postal network owned by fintech company Inpay, has joined forces with Cambodia Post Bank Plc. (CPBank) to introduce ground-breaking international money transfer services in Cambodia. This partnership will provide CPBank customers in Cambodia and abroad with an efficient and convenient way to send and receive cross-border remittances. Through Eurogiro’s extensive network of…

Banking & Finance

Strengthening Cambodia-European Union Ties to Foster Mutual Growth

In recent developments, Cambodian Prime Minister Hun Manet has underscored the importance of further strengthening ties between Cambodia and the European Union (EU). During a courtesy call by outgoing EU Ambassador to Cambodia Carmen Moreno, Prime Minister Hun Manet emphasised the need for continued support and finance for the “Multi-Annual Indicative Programme 2021-2027- Phase 2.”…

Banking & Finance

Cambodia’s Riel Now Available for Foreign Exchange in Singapore

In a significant development for Cambodia’s economy, the National Bank of Cambodia (NBC) recently announced that riel banknotes can now be exchanged for foreign currencies at Travelex money exchange counters in Singapore’s Changi Airport. This move is a result of a joint effort between NBC and Singapore’s central bank, the Monetary Authority of Singapore, to…

Banking & Finance

Cambodia’s poverty reduced by half between 2009 and 2019, according to the World Bank report.

According to a recent World Bank analysis, Cambodia’s national poverty rate reduced by nearly half between 2009 and 2019. According to the World Bank’s Poverty Assessment Report for Cambodia, Toward A More Inclusive and Resilient Cambodia, the poverty rate in Cambodia decreased from 33.8 percent to 17.8 percent over the ten-year period to 2019/2020, with…