Background
The inter-ministerial Taskforce is working to establish a National Committee to promote use of the Khmer Riel as part of coordinated government efforts on currency and financial instruments. An inter-ministerial Taskforce is working to establish a National Committee to promote the use of the Khmer Riel.
The Taskforce meeting on 29 June 2026 addressed drafting a national policy document on the Khmer Riel and measures related to government fiscal operations and securities issuance in Riel. The Taskforce meeting on 29 June 2026 focused on drafting a government policy on the Khmer Riel and on measures to increase issuance of government securities denominated in Khmer Riel.
Key Developments
On 29 June 2026 SERC Deputy Director General H.E. Dr. Vin Pheakdy represented the regulator at a Taskforce session co-chaired by H.E. Ros Seilava (Secretary of State, MEF) and H.E. Yim Leat (Deputy Governor, NBC) at the National Bank of Cambodia office. Attendees included senior representatives and technical officials from the National Bank of Cambodia (NBC), the Ministry of Economy and Finance (MEF), the Securities and Exchange Regulator of Cambodia (SERC), and the Non-Banking Financial Services Authority (FSA).
The meeting agenda included: (1) reviewing progress on forming the inter-ministerial committee to promote Khmer Riel usage; (2) preparing a draft policy document on the Khmer Riel; (3) enhancing issuance of government securities denominated in Khmer Riel; and (4) reviewing government fiscal operations carried out in Khmer Riel, together with next-step work directions for the Taskforce.
Institutional Role
The MEF, NBC, SERC and FSA are collaborating through the Taskforce to integrate policy design, monetary and fiscal operations, and capital-market instruments in support of greater domestic use of the national currency. The meeting positioned SERC as a participant in shaping Riel-denominated securities issuance and related market infrastructure workstreams alongside monetary and fiscal authorities.
Market Impact
The discussions explicitly linking a draft national policy on the Khmer Riel with expanded issuance of Riel-denominated government securities indicate a coordinated effort to create more Riel-based instruments within Cambodia’s financial system. Participants described the session as interactive and productive while setting work directions for subsequent Taskforce activities.
