PHNOM PENH, Oct. 23 (Xinhua) -- The National Bank of Cambodia (NBC) and the Bank of Central African States have signed a memorandum of understanding (MoU) to enhance bilateral cooperation in fintech and innovation, according to an NBC press release issued on Friday.
The agreement was signed in Phnom Penh on Thursday by NBC Governor Chea Serey and Yvon Sana Bangui, governor of the Bank of Central African States, following bilateral discussions.
"The two governors expressed satisfaction with the MoU, which aims to promote monetary and financial stability, innovation, financial inclusion, and economic development in both Cambodia and the Central African Economic and Monetary Community," the press release said.
To strengthen ties, the two central banks established a general framework for cooperation, experience sharing, and information exchange on topics of mutual interest.
Moving forward, the two central banks will meet periodically to assess the implementation status of the agreement. ■