Financial illiteracy persists as banks blossom
Most Cambodians continue to have low financial literacy even as an increasing number of them are beginning to embrace the formal banking sector, according to a recent Standard & Poor’s report.
The international credit rating firm’s Global FinLit Survey showed that only 18 per cent of Cambodians were able to answer three of four questions related to basic financial literacy, placing the Kingdom at 135 out of 144 surveyed nations.
