Cambodia

The National Bank of Cambodia maintains foreign exchange reserves that include Chinese Yuan (~$6.2B) holdings, reflecting Cambodia's significant infrastructure and trade ties with China. Cambodia's highly dollarized economy makes reserve management particularly important for maintaining monetary stability and supporting the national currency, the riel, which circulates in parallel with widespread dollar usage.

The National Bank of Cambodia has accumulated yuan reserves through bilateral cooperation frameworks with China, particularly in response to major infrastructure investments in roads, railways, ports, and special economic zones that have reshaped Cambodia's development landscape. The bank's reserve management operates in the context of a highly dollarized economy where the US Dollar circulates widely for savings and large-value transactions, requiring careful stewardship of reserves to support both monetary stability and the gradual promotion of the riel. Chinese investment and project financing have become central to Cambodia's development strategy, creating natural economic and financial ties that drive accumulation of yuan reserves for bilateral settlement.

Cambodia's concentration of tracked reserves in the Chinese yuan reflects the country's economic orientation toward China as a principal development partner and investor. The National Bank's reserve holdings support Cambodia's role as a recipient of major regional infrastructure investment and as a participant in Asian supply-chain development. These yuan reserves facilitate trade and investment settlement with Chinese entities, reduce transaction costs, and provide the central bank with exposure to Asia's largest economy, while overall reserve management continues to balance the structural realities of a dual-currency monetary system.