Wednesday, May 28, 2008

 

General Functions and Duties of National Bank of Cambodia

General Functions and Duties of National Bank of Cambodia

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


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