Wednesday, May 28, 2008
General Functions and Duties of National Bank of Cambodia
General Functions and Duties of National Bank of Cambodia | ||
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The National Bank of Cambodia shall have the following functions and duties:
1. To determine monetary policy objectives, in consultation with the Royal Government and consideration of the framework of the economic and financial policy of the Kingdom;
2. To formulate, implement and monitor monetary and exchange policies aimed at the determined objectives;
3. To conduct regular economic and monetary analysis, make public the results, and submit proposals and measures to the Royal Government;
4. To license, delicense, regulate and supervise banks and financial institutions and other relevant establishments such as auditors and liquidators;
5. To oversee payments systems in the Kingdom, and to enhance interbank payments;
6. To act as the sole issuer of national currency of the Kingdom ;
7. To undertake and perform, in the name of the Kingdom, transactions resulting from the participation of the Kingdom in public international institutions in the banking, credit, and monetary spheres ;
8. To establish the balance of payments ;
9. To participate in the management of external debt and claims ;
10. To participate in the formation and supervision of the money and financial markets ;
11. To license, delicense, regulate and supervise all those operating in the securities and foreign exchange markets, the market for precious stones and precious metals ;
12. To set interest rates.
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Organizational Structure of National Bank of Cambodia