Central bank to shun small US banknotes

The National Bank of Cambodia (NBC) is considering not accepting smaller denominated US dollar banknotes – $1, $2 and $5 – from banks and microfinance institutions (MFIs) which it said are flooding its stockpile as the demand for those notes is low.

While some banking insiders welcomed the move as an effort to enhance monetary policy by promoting local currency, the NBC stressed that the measure is not aimed at stopping the banknotes’ circulation in the market.

“The NBC is flooded with US banknotes of $1, $2 and $5, which means there is little demand.

In full: https://www.phnompenhpost.com/business/central-bank-shun-small-us-banknotes

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