DPA
Counterfeiting and the administrative demands of counting and handling cash have prompted Cambodia's two main ports to stop accepting cash and only take bank cheques as import tax payment, an official said Friday.
The deputy director of the Finance Ministry's Pochentong customs and excise administration department, Vong Sarann, said by telephone that payments will now only be accepted through cheques issued by the National Bank of Cambodia or via an account with that bank.
"It's actually easier than the old system because clients save money, time and no one has to worry about robbery or counterfeiting," he said.
"Most companies doing this sort of transaction already have money in the bank so it is as simple as a cash advance."
He said the system, approved by the ministry since April 1, will eventually be applied to all ports and border crossings but currently applies to the country's only seaport at Sihanoukville and the main river port in the capital, Phnom Penh.
He denied that the measure had in any way been spurred by endemic corruption so often cited as a major development problem for Cambodia, but instead by widespread payment by counterfeit notes.
"Our people do not have time to check every bill and counterfeits slip through many times, costing us a lot of money," he said.
The deputy director of the Finance Ministry's Pochentong customs and excise administration department, Vong Sarann, said by telephone that payments will now only be accepted through cheques issued by the National Bank of Cambodia or via an account with that bank.
"It's actually easier than the old system because clients save money, time and no one has to worry about robbery or counterfeiting," he said.
"Most companies doing this sort of transaction already have money in the bank so it is as simple as a cash advance."
He said the system, approved by the ministry since April 1, will eventually be applied to all ports and border crossings but currently applies to the country's only seaport at Sihanoukville and the main river port in the capital, Phnom Penh.
He denied that the measure had in any way been spurred by endemic corruption so often cited as a major development problem for Cambodia, but instead by widespread payment by counterfeit notes.
"Our people do not have time to check every bill and counterfeits slip through many times, costing us a lot of money," he said.
3 comments:
It took these fools so long to come up with a better system!!!!
What can I say!!!There are too much Vietcong influence in Cambodia!!!ahahahah
No big deal, tomorrow isn't the end
of the world.
Cheyyo Cheyyo,
Plalla, Plalla will find an other one
THis is the her nature
Preah Ang Run rot does not mange Phall Properly!!!
Cheyy 1 ha 3 tons
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