= IT Dept Staff Party =

This party is to celebrate for the whole IT staff since IT division has been upgraded to be Department.

It is buffet at VG Garden behind Mobitel.

We enjoyed the food...

... and Of Course the DRINKS!!!

Who is this??? Pha knows, Bong Pheak ;)

and The Whole Gang goes wild!!!

~It was a good party eventually~

*******

Last mission @ Ratanakiri

Ratanakiri is the last province to Go-Live for Core Banking Project.

Here's a brief description of that Mission. Cut the crap of Thursday, Friday and Saturday cuz those days are for travelling and working. (days end with drinking and stuff.. On Saturday we had lunch at Yeak Lom Lake and yes I did swim in that lake. It remind me of Langkawi Lake) Both are consequence of volcanic eruption.

Let's kick off with Sunday. One of colleague found a local Tour guide. We had breakfast and started our journey to met aborigine local tribe. At first we felt comfortable cuz our guide is a local aborigine person too BUT ( of course every good things has a "BUT") we eventually found out he is from different tribe of the visited village. Guide is ទំពូន​ and visited village is គ្រិន. I can feel the villagers is not happy with our present as some of them were making loud shout while other told us to leave too. However the guide still insist "it's okay no worry, everything is alrite"... in my mind, i thought what the heck man... i walk out with the drivers and told him to សារ៉េក្បាលឡានចេញអោយហើយ... while other colleagues still enjoying taking photo. We went out village safe and sound :D

Here are some funny tradition i know abt those aborigine people. when they សែនព្រេន in their village, we are not suppose to enter and if we did, they will ask us to join the feast till we unconsciously drunk otherwise u have to pay for the whole party.. what is more interesting than that is abt their daughter. they always allow their daughter stayed in separate house. every guys can visit her as long as she like u. u can stay the whole night, do whatever u wish to.. the key is always wake up in the morning at 4PM and leave ASAP.. if the oldies caught u before u left, u have to marry their daughter... not really like it huh?

Other fun beside visiting those villages are... umm... we ate, we drank, we swam and we ate again, we drank and we drank... yeah!! that's y i gain lots of weight... :( felt so guilty to drink... the only thing i hate the most at that region is ស៊ីសត្វព្រៃ ... man i don like it at all... i remembered at the restaurant i ordered pork rib and waiter said it doesn't have... only got ជ្រូកព្រៃ អ្វីៗក៏ព្រៃ អញ្ចឹងបានស្រុកទេសហិនហោច។​ អ្នកទៅក៏អញ្ចឹងដែរ ចង់តែស៊ីសាច់ព្រៃ។​ យ៉ាប់នុះយ់ាប់។

We had a good time drinking and playing with waterfall... my drag one carton of beer to the water stream and drink in the mid of water stream... so cool... beer bring the heat and cool down by water. FYI we didn't make any mess... we clean up and bring back the garbage after drinking. cool yah? okay beloved is my handsome me and other colleague... really enjoy this mission though tiring.

The whole gang and guide ( he was drunk afterward )

yah the big man getting coke to Yeak Lom Lake

បុរសសង្ហាព្រៃភ្នំ​ :D

អាប់ដេតយ៉ាងខ្លី

ទើបតែមកដល់ភ្នំពេញបានបន្តិច ឥលូវបានដំណឹងថានឹងត្រូវទៅ ពោធិសាត់នៅថ្ងៃសុក្រនេះឯង។ ដើរតាមខេត្តយូរពេក មានអារម្មណ៍ថាល្វើយណាស់។ កាលពីបេសកកម្មមុន ចាយលុយចូលដើម... ដល់កហើយក្ដែន។

is Leaving to Stung Treng & Ratanakiri on Wednesday

My Office (Cont')

As I Promise you~

Here they are...

My Lousy Colleage AKA បានតាលិត

Our Pantry

Our Manager's Office

New Office

I was waiting curiously for this new office as our IT dept move from ground floor to second floor. This location used to be canteen so adding renovation it will be a beautiful place. Everything looks good. the cieling and light green wall give me a pleasant sight.

However, not everything please my feeling. When i try to set up my pc... Frustration started. I found out my UPS was taken not only that but Mouse, Keyboard, VGA Cable, Power Cable.. M not very happy abt that and I DON LIKE people took my staff. I understand that when moving... everything is messed up and don know whose is whose but I am quite aware of my personal stuff. This make me feel being invaded.

Yah just to shout out so I could release sth out of me. Thus, welcome to my new office. Promise u guys to post a picture of this office one day. Now i don have Camera with me.

Cheers!!!

ខ្ញុំចង់ទៅផ្ទះ

T_T

Tour de Cambodge

Monday, i was in Phnom Penh, Ta Khmao and Takeo Province.

Spending one night in Takeo, the next day I travel all the way to Prey Veng passing by Phnom Penh again.

Tuesday night and Wednesday morning were spent at Prey Veng.

Wednesday, I stayed at my lovely home for one night and start the tour to Kg. Speu on thursday.

This is my friday staying in the office and somehow, I hope that I will have good weekeng. Cheers!!! Adios~

This is how it begins~

The National Bank of Cambodia was established in December 23, 1954. After the country gained the independence from French Colony and after the Indochina Printing Institution was closed.

The National Bank of Cambodia in Phnom Penh, 1960s.

The National Bank of Cambodia printed its own national currency of Riel in order to completely terminate the monetary alliance with the Vietnamese and Laos currency. Meanwhile, there was the establishing of local banking system in which the state banks and private banks operated together in the territory of Cambodia.

In 1964, in order to follow the national building policy of the Sangkum Reastre Niyum, the banking system had been gradually reformed to meet the national economy’s requirement by transforming the National Bank of Cambodia from the semi-autonomous institution to the state-owned bank under the form of the public entity with characteristics of industry and commerce, while the national and foreign private banks were closed, and the state established some state-owned banks such as Bank of Inadanajati, Development Bank, and the Rural Agricultural Bank.

From the end of the year 1970 to April 1975, the state had liberalized the banking system once again. The private banks were authorized to operate along with the state bank under the regulation and supervision of the National Bank of Cambodia.

The National Bank of Cambodia in Phnom Penh was demolished with explosives in 1975 by the new Khmer Rouge government as a symbol of their rejection of capitalism. Photograph by Ben Kiernan, 1980.

Unfortunately, on April 17, 1975, the National Bank of Cambodia was closed, the banking system was totally destroyed, the National Bank of Cambodia building was ruined, and the Riel banknotes were no longer used.

Until October 10, 1979, the People's Bank of Cambodia called "Bank of Cambodia¨ was re-established as a Central Bank of the Country by sub-decree N^o 1211 dated October 10, 1979 of the Council of the Revolutionary People of Cambodia.

With an effort in overcoming the obstacles by the banking system founders of which H.E Chea Chanto, Senior Minister and General Governor of the National Bank of Cambodia, was also an initial founder of the National Bank of Cambodia. At that time, the People's Bank of Cambodia has been rehabilitated from the Zero, because we had no financial resources, no inheritance or something left such as documents, experience or human resources. The intellectuals were killed, scattered, mentally frightful in working since they feared that there could be a return of the Pol Pot regime. However, the life in a situation of weak health of the people with hardly any decent clothes to wear, in a nervous state of mind and separated from their family members, but through hardly work together every day and night, facing insecurity everywhere, and got technical assistance from allied countries, the bank that can be currently seen was built.


Due to the ruined Red Bank, temporary head office of the People's Bank of Kampuchea was opened on the upper floor of the Khmer Bank for commerce. The people’s Bank of Kampuchea set up the leadership structure as well as the operational activities. Furthermore the bank extended to 20-provincial and municipal network in the whole country. The People's Bank of Kampuchea re-issued the Riel banknotes on March 20, 1980 in order to facilitate the goods exchange for daily living of the people and for payment of civil servant’s salaries. During the 1980s, the banking system had only mono-banking system i.e. the People's Bank of Kampuchea had functions as follows:

- The monetary authority

- The cashier of the Government in the form of the National Treasury, and

- The provider of banking services including credit, deposits and payment system.

As for ruined National Bank of Cambodia building was removed and rebuilt in 1990.

The National Bank of Cambodia in Phnom Penh in 1990s.

Since 1989, the banking system had been gradually reformed through transforming the 20-provincial and municipal banks into specialized provincial and municipal banks and had been operating with economic and financial autonomy in their territory, the People's Bank of Kampuchea had played its role as monetary authority to direct and supervise these banks. In 1991, the first Commercial Bank (Cambodia Commercial Bank "CCB") was established under the form of state Joint Venture Bank for attracting investors and serving the activity of the United Nations Transitional Authorities in Cambodia (UNTAC).

In January 30, 1992, in the 22^nd ordinary session, the 1^st legislature, the National Assembly of the State of Cambodia adopted the Law on the Change of Organization’s name and duty of the Bank of Cambodia from the People's Bank of Kampuchea to the National Bank of Cambodia, which was promulgated by the council of state in February 8, 1992.

The Paris Peace Accord on 23 October 1991 was a political detour of the transforming the economic regime from planning economy to free market economy that made the Cambodia’s banking system transformed from the mono-banking system to the 2-tier banking system. Furthermore the state had completely authorized the banking activities to be operated in Cambodia through establishing the commercial banks under the local laws or under the form of foreign bank’s branches. These required the National Bank of Cambodia to more strengthen its role in improving its management capacity to direct and supervise through having continuously made some Laws and Prakas such as:

(1) Law on the Organization and Conduction of the National Bank of Cambodia adopted by National assembly on January 26, 1996. This law specified that the principal mission of the National Bank of Cambodia is to "determine and direct the monetary policy aimed at maintaining price stability".

(2) The Law on Foreign Exchange adopted by National Assembly on August 22, 1997.

(3) The Law on Banking and Financial Institutions adopted by National Assembly on November 18, 1999.

Finally, the National Bank of Cambodia compiled and prepared the Financial Sector Blueprint for 2001-2010 that was the document of Financial Sector Development Strategy in Cambodia for its advance with the public confidence and could be integrated into the global financial system.

As a Central Bank, in order to raise its influence and prestige that deserved as the supervisory authority of the banking sector, the National Bank of Cambodia building was renovated in 2003.

The National Bank of Cambodia in Phnom Penh in 2003.

In summary, the brief history of the National Bank of Cambodia was divided into three stages:

(i) from 1954 to 1975 in which National Bank of Cambodia gained independence in doing operation, autonomy of printing Riel as the national currency as well as to self-managed banking system in Cambodia territory.

(ii) from 1975 to 1979: was the era in which the National Bank of Cambodia was closed and the whole banking system was totally destroyed.

(iii) from 1979 to nowadays: was the period in which the National Bank of Cambodia survived again and has gradually strengthened as long as to gain a proud recognition from the international community.

The National Bank of Cambodia was publicly called "Red Bank" or "Banque Rouge", because this term was short and easy for public to say and the term "Red Bank" represented the bravery in overcoming difficulties and the patriotism of National Bank of Cambodia.

Although the National Bank of Cambodia passed over three stages among which the banking system was entirely destroyed, the National Bank of Cambodia remained its body and raised the flag "Red Bank" that has achieved a good result and contributed to make economy stability in the context of macroeconomic as well as in the context of monetary policy framework.

Resource: www.nbc.go.kh