Cambodia shortens duration of liquid reserves ahead of election – reserves chief
De-dollarisation and lack of interbank market make forex intervention only real policy tool
The National Bank of Cambodia is holding increasingly liquid, shorter-duration instruments in its foreign exchange reserves to meet any urgent liquidity needs that may arise during the country’s general elections in 2018, says Kimty Kormoly, deputy director general and the head of the foreign exchange reserves management group.
In an interview with Central Banking, he says the Cambodian central bank will increase its cash position and short-term securities to meet the higher demand for
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