NBC’s Governor Ranked as a Level A Central Bank Governor

Global Finance Magazine recognizes Dr. Chea Serey, the Governor of the National Bank of Cambodia (NBC), as a Level A Central Bank Governor in Asia, the United States, and Europe for her achievements in developing an environmentally friendly financial sector by embracing financial technology (Fintech).

According to a Global Finance press release dated August 19, Dr. Chea Serey was ranked Level A among 25 governors from Asia, the Americas, and Europe. This ranking reflects her accomplishments in controlling inflation, contributing to economic growth, ensuring monetary stability, and managing exchange rate stability.

“The central bank has struggled against inflation in recent years, using rising interest rates as their primary weapon. Countries around the world are now seeing tangible results from these efforts as inflation has plummeted. We honor these bank leaders for their leadership, creativity, and perseverance,” said Joseph Giarraputo, founder and CEO of Global Finance.

Dr. Chea Serey was appointed by the King through a Royal Decree on July 29, 2023, as the Governor of the National Bank of Cambodia. She has worked for NBC for over a decade, promoting the use of the local currency to enhance national independence in economic and monetary policy.

She is also developing a state-of-the-art retail payment infrastructure with the introduction of a national Swiss system for card transactions and instant payment systems, allowing real-time money transfers between bank accounts in Cambodia. Additionally, she launched the Bakong payment system.

Mr. Touch Chao Chek, CEO of the Post Bank of Cambodia, told Investing Cambodia on August 22 that receiving this honor from an international institution reflects Dr. Chea Serey’s professionalism and leadership skills. She has dedicated decades to this industry.

“Dr. Chea Serey is promoting the development of this sector, particularly through her achievements in advancing Fintech for the financial environment and enhancing financial literacy,” he stated. “An important accomplishment under her leadership is the development of the Bakong system, which significantly contributes to the advancement of digital payments.”