NBC signs bilateral cooperation MoU with Central Bank of Madagascar

The National Bank of Cambodia (NBC) and the Central Bank of Madagascar signed a memorandum of understanding (MoU) on February 18 in Phnom Penh, establishing a cooperative framework between the two central banks.

During the signing ceremony, Madagascar’s central bank governor, Aivo H. Andrianarivelo, praised Cambodia’s economic growth, banking system, and foreign exchange reserves, expressing optimism about the partnership’s economic and social benefits.

NBC Governor Chea Serey welcomed the collaboration, highlighting Cambodia’s success in banking and payment system development, which has drawn interest from other countries. She also expressed hope for the future establishment of a cross-border payment system between Cambodia and Madagascar. (summarized by ChatGPT.com)

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