As Cambodia's central bank, the National Bank of Cambodia (NBC) was formed in 1954 and is the monetary and supervisory authority.
The NBC determines monetary policy objectives; formulates and implements policies; issues licences to, and regulates, banks and other financial institutions; issues national currency and sets Cambodian interest rates.
The NBC is also the sole issuer of the Khmer riel, the national currency. The National Bank of Cambodia conducts regular economic and monetary analysis, publishes various publications, oversees the nation's payment systems, establishes the balance of payments, and participates in the management of external debt claims.
In addition to its Phnom Penh HQ, the bank has branches in most provinces across the country.