Chea Serey
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Chea Serey
Chea Serey ( km, ជា សិរី ; born 1 January 1981) is a Cambodian economist who currently serves as the governor of the National Bank of Cambodia, the first woman to hold this position. She was previously the Deputy Governor-general (អគ្គទេសាភិបាលរង) of the National Bank of Cambodia, which is equivalent to the Minister of Cambodia. She also serves as the chairwoman of the Credit Bureau Cambodia Ltd., which is the first and only privately run credit sharing system in Cambodia. In addition, she is a member of various policy-driven committees within the bank and at the national level. Under her leadership, the retail payment infrastructure has undergone modernization with the introduction of a national shared switch for card transactions and the FAST payment system, which enables real-time fund transfers between bank accounts in Cambodia. As the chairwoman of the Clearing House Operation Committee, she has spearheaded the Bakong Project, an in ...
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Excellency
Excellency is an honorific style given to certain high-level officers of a sovereign state, officials of an international organization, or members of an aristocracy. Once entitled to the title "Excellency", the holder usually retains the right to that courtesy throughout their lifetime, although in some cases the title is attached to a particular office, and is held only for the duration of that office. Generally people addressed as ''Excellency'' are heads of state, heads of government, governors, ambassadors, Roman Catholic bishops and high-ranking ecclesiastics and others holding equivalent rank (e.g., heads of international organizations). Members of royal families generally have distinct addresses (Majesty, Highness, etc.) It is sometimes misinterpreted as a title of office in itself, but in fact is an honorific that precedes various titles (such as Mr. President, and so on), both in speech and in writing. In reference to such an official, it takes the form ''His'' or ...
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Licadho
The Cambodian League for the Promotion and Defense of Human Rights ( km, សម្ព័ន្ធខ្មែរជំរឿន និងការពារសិទ្ធិមនុស្ស; french: Ligue cambodgienne de défense des droits de l'homme), commonly known by its French acronym LICADHO (; km, លីកាដូ, link=no ; ), is a national Human rights in cambodia, Cambodian human rights non-governmental organization (NGO) established in 1992. It is based in Phnom penh, Phnom Penh and also operates 12 provincial offices. LICADHO's activities focus on monitoring human rights violations, providing legal representation to victims of human rights abuses and providing humanitarian assistance to victims of human rights abuses. The organization also monitors 18 Cambodian prisons and has specialized programs for the protection of women's rights and children's rights. LICADHO is regularly cited in the Cambodian media for stories on local human rights issues. The organization has ...
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Young Global Leaders
Forum of Young Global Leaders, or Young Global Leaders (YGL), was created by Klaus Schwab, founder of the World Economic Forum. The YGL, a non-profit organization managed from Geneva, Switzerland, is under the supervision of the Swiss government. History The program was founded by Klaus Schwab of the World Economic Forum in 1993 under the name “Global Leaders for Tomorrow” and was renamed to Young Global Leaders in 2004. Schwab created the group with $1 million won from the Dan David Prize, and the inaugural 2005 class comprised 237 young leaders. Reception ''BusinessWeeks Bruce Nussbaum describes the Young Global Leaders as "the most exclusive private social network in the world", while the organization itself describes the selected leaders as representing "the voice for the future and the hopes of the next generation". Selection process Representing 70 different nations, Young Global Leaders are nominated by alumni to serve six-year terms and are subject to veto during t ...
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Vietnamese đồng
The dong (Vietnamese: ''đồng'', Chữ Nôm: 銅) (; ; sign: ₫ or informally đ in Vietnamese; code: VND) has been the currency of Vietnam since 3 May 1978. It is issued by the State Bank of Vietnam. The dong was also the currency of the predecessor states of North Vietnam and South Vietnam, having replaced the previously used French Indochinese piastre. Formerly, it was subdivided into 10 hao (''hào''), which were further subdivided into 10 ''xu'', neither of which are now used due to inflation. The Vietnamese dong has increasingly moved towards exclusively using banknotes, with lower denominations printed on paper and denominations over 10,000 dong, worth about 40¢ dollar or euro, printed on polymer, as of 2022 no coins are used. Generally, Vietnam is moving towards digital payments. As of December 2022, the Vietnamese dong was the third-lowest valued currency unit (behind the Venezuelan bolivar and Iranian rial), with one United States dollar equalling around 23,575 do ...
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Thai Baht
The baht (; th, บาท, ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. Society for Worldwide Interbank Financial Telecommunication, SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of January 2019. History The Thai baht, like the Pound (currency), pound, originated from a traditional unit of mass. Its currency value was originally expressed as that of silver of corresponding weight (now defined as 15 grams), and was in use probably as early as the Sukhothai Kingdom, Sukhothai period in the form of bullet coins known in Thai as ''phot duang''. These were pieces of solid silver cast to various weights corresponding to a Thai units of measurement, traditional system of units related by simple fractions and multiples, one of which is the ''baht (unit), baht''. These are listed in the follo ...
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Renminbi
The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022. The yuan ( or ) is the basic unit of the renminbi, but the word is also used to refer to the Chinese currency generally, especially in international contexts. One yuan is divided into 10 jiao (), and the jiao is further subdivided into 10 fen (). The renminbi is issued by the People's Bank of China, the monetary authority of China. Valuation Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchas ...
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Cambodian Riel
The riel (; km, រៀល, riĕl ; sign: ៛; code: KHR) is the currency of Cambodia. There have been two distinct riel, the first issued between 1953 and May 1975. Between 1975 and 1980, the country had no monetary system. A second currency, also named "riel", has been issued since 20 March 1980. Since the 1990s, citizens have used the riel alongside the U.S. dollar at the well-known rate of 4,000 KHR/USD for retail payments. Popular belief suggests that the name of the currency comes from the Mekong river fish, the ''riĕl'' ("small fish" in Khmer). It is more likely that the name derives from the high silver content Spanish-American dollar whose value is eight '' reales'', a coin widely used for international trade in Asia and the Americas from the 16th to 19th centuries. Concurrent use with foreign currencies In rural areas the riel is used for virtually all purchases, large and small. However, the United States dollar is also used, particularly in urban Cambodia and t ...
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Microfinance Institution
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.Christen, Robert Peck Christen; Rosenberg, Richard; Jayadeva, Veena. ''Financial institutions with a double-bottom line: Implications for the future of microfinance''. CGAP, Occasional Papers series, July 2004, pp. 2–3. ID Ghana is an example of a microfinance institution. Microfinance initially had a limited definition: the provision of microloans to poor entrepreneurs and small businesses lacking access to credit. The two main mechanisms for the deliver ...
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Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ...
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United Nations Transitional Authority In Cambodia
The United Nations Transitional Authority in Cambodia (UNTAC) ar, سلطة الأمم المتحدة الانتقالية في كمبوديا, italics=off zh, , italics=offfrench: Autorité provisoire des Nations unies au Cambodgerussian: Организация Объединенных Наций Временный орган в Камбодже, italics=off es, Autoridad Provisional de las Naciones Unidas en Camboya was a United Nations peacekeeping operation in Cambodia in 1992–93 formed following the 1991 Paris Peace Accords. This was the first occasion in which the UN directly assumed responsibility for the administration of an outright independent state (the UN did the administration of the former Dutch territory of Netherlands New Guinea between 1962–1963 prior), rather than simply monitoring or supervising the area. The UN transitional authority organised and ran elections, had its own radio station and jail, and was responsible for promoting and safeguarding hum ...
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Khmer Rouge
The Khmer Rouge (; ; km, ខ្មែរក្រហម, ; ) is the name that was popularly given to members of the Communist Party of Kampuchea (CPK) and by extension to the regime through which the CPK ruled Cambodia between 1975 and 1979. The name was coined in the 1960s by then Chief of State Norodom Sihanouk to describe his country's heterogeneous, communist-led dissidents, with whom he allied after his 1970 overthrow. The Khmer Rouge army was slowly built up in the jungles of eastern Cambodia during the late 1960s, supported by the North Vietnamese army, the Viet Cong, the Pathet Lao, and the Chinese Communist Party (CCP). Although it originally fought against Sihanouk, the Khmer Rouge changed its position and supported Sihanouk on the advice of the CCP after he was overthrown in a 1970 coup by Lon Nol who established the pro-American Khmer Republic. Despite a massive American bombing campaign (Operation Freedom Deal) against them, the Khmer Rouge won the Cambodian C ...
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QR Code Payment
QR code payment is a contactless payment method where payment is performed by scanning a QR code from a mobile app. This is an alternative to doing electronic funds transfer at point of sale using a payment terminal. This avoids a lot of the infrastructure traditionally associated with electronic payments such as payment cards, payment networks, payment terminal and merchant accounts. To make a QR code payment, the consumer scans the QR code displayed by the merchant with their smartphone to pay for their goods. They enter the amount they have to pay and finally submit. This is a more secure card-not-present method than others. History The QR code system was invented in 1994 by Masahiro Hara from the Japanese company Denso Wave. The first mobile wallet app for cryptocurrency Bitcoin featured the ability to send and receive payments with QR codes in March 2011. In 2011, Chinese company Alipay designed a QR code payment method which allowed partnering offline stores to accept p ...
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