Why Cambodia’s central bank likes renminbi debt and gold
The National Bank of Cambodia has seen its reserves swell by 20% to 30% a year. That’s leading it to invest in US Treasuries but also renminbi bonds and gold.
The National Bank of Cambodia (NBC) is seeing its foreign currency reserves rise by 20% to 30% a year, courtesy of sustained foreign direct investment (FDI) into the country, and it aims to continue adding these funds to its existing investments.
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