ASENIOR central banking official said she hoped a government directive requiring civil servants to receive their salaries through a bank account will help efforts to boost the number of people in the country with deposits at commercial banks.
Despite rapid growth in deposits over the past few years, just 820,284 people, or 6 percent of the population, have deposit accounts at commercial banks, said National Bank of Cambodia Director General Tal Nay Im.
She said she was optimistic the number would increase as people became more aware of the advantages of holding money at banks.
"Now, thanks to wider expansion of bank branches throughout Cambodia, people prefer to transfer money through bank accounts rather than carry cash with them because cash transfers via bank accounts are fast and safe," she said.
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