Clamor for cash in bank closings in Cambodia

A top Cambodian central bank official said Monday that the bank will ensure that the liquidation of recently closed banks is done by the law, but depositors at those banks still do not know when, if ever, they will get their money back, according to The Cambodia Daily on Tuesday.

The bank recently closed 11 of the 31 existing commercial banks because they could not meet the new minimum capital requirement of 13 million US dollars. The central bank has issued a new license to only four banks an