Cambodia's currency to expand usage across Laos and Vietnam

National Bank of Cambodia (NBC) deputy governor Chea Serey (second left) and popular local artistes promoted the Khmer Riel currency at a recent event in Phnom Penh. - Phnom Penh Post/ANN

PHNOM PENH, June 19 (Phnom Penh Post/ANN): The National Bank of Cambodia (NBC) has announced that it is embarking on an expansion of the Cambodian riel’s use, connecting payments to businesses in Laos and Vietnam via its Bakong online banking system.

This initiative follows the central bank’s linking of payment systems with Thailand, an achievement that spurred the decision to extend the riel payment reach to other Asean countries.