NBC to make 40B riel available to bidders

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The National Bank of Cambodia. Heng Chivoan

The National Bank of Cambodia will hold its sixth liquidity-providing collateralised operation (LPCO) on March 21 with 40 billion riel ($9.89 million) available to Cambodian financial institutions in need of liquidity, it said in a press release.

The central bank introduced its LPCO mechanism in last October as a way of increasing local currency liquidity while moving towards the establishment of a benchmark interest rate. p