Cambodia's digital currency reaches nearly half the population

Central bank's Bakong wins 2021 Nikkei award for financial inclusion

The National Bank of Cambodia's Bakong is recognized as one of the world's first digital currencies backed by a central bank. (Source photos by Kyodo and Getty Images)

KENTARO IWAMOTO, Nikkei staff writer

January 4, 2022 12:02 JST

SINGAPORE -- A digital currency run by the Cambodian central bank has been named one of the Awards for Excellence winners of the 2021 Nikkei Superior Products and Services Awards for its innovative technology and impact on the country's economic and social development, Nikkei announced on Tuesday.