AKP Phnom Penh, March 30, 2026 --

The National Bank of Cambodia (NBC) and the United Nations Development Programme (UNDP) in Cambodia have launched a policy brief titled "Dollarisation and Its Effects in the Garment, Footwear, and Travel Goods and Bag Sector in Cambodia" at the Institute of Banking Studies (IBS) in Phnom Penh.

The launching ceremony took place on the occasion of the 46th Anniversary of the Reintroduction of the Khmer Riel held on Mar. 20, according to a joint press release made public on Monday. 

NBC Deputy Governor H.E. Yim Leat expressed his appreciation to the UNDP for its significant contribution in supporting the research and the policy measure recommendations aimed at strengthening the role of the Khmer Riel in maintaining macroeconomic stability and supporting sustainable economic development.

For his part, Mr. Enrico Gaveglia, UNDP Resident Representative in Cambodia, said, that while the influx of Official Development Assistance in the 1990s contributed to dollarisation, the time has come to commit to Cambodia's de-dollarisation efforts.

“UNDP will remain active in a wider use of the Khmer Riel in its own operations and calls on other development partners to follow suit in and outside the UN system,” he affirmed.

By C. Nika