Bank of China is in negotiations with Cambodia’s central bank on the promotion of business

The Chinese government has given tax benefits to Chinese companies that have settled foreign trade in the currency since 2010, but the discussion between the National Bank of Cambodia(NBC) and state-owned Bank of China was a sign that China would take a more proactive hand in moving away from the US dollar medium in bilateral trade

More:
National Bank of Cambodia looks at local yuan role

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Cambodia’s Border Reopening: Opportunities for Tourism Sector

Cambodia is now fully open to foreign travelers although there are still quarantine requirements for travelers who are not fully vaccinated.

Vietnam, China and Thailand are Cambodia’s top three export destinations

Cambodia’s total export to the Regional Comprehensive Economic Partnership (RCEP) member countries amounted to $1.95 billion in the first quarter of 2022, up 11 percent from $1.75 billion  over the same period last year, a Ministry of Commerce’s data showed on Thursday.