The National Bank of Cambodia (NBC), located in Phnom Penh, is the central bank of Cambodia. The bank's duties include, inter alia, the management of monetary and exchange policies, the regulation of banks and financial institutions, and the control of the national currency, the riel. The bank was established in 1954 after the Indochina Printing Institution closed  when Cambodia obtained its independence from France. The National Bank of Cambodia is also known as the "Red Bank" or "Banque Rouge".
It is an autonomous central bank with a 7-member board of directors responsible for establishing operational policies and issuing decisions, regulations, circulars and other directives. The National Bank of Cambodia supervises the banking system and is the chief banker for the government of Cambodia. The bank has four organizational areas, namely: the General Cashier, the General Directorate, the General Secretariat, and the General Inspection. As of 2013[update]Chea Chanto was the chairman of the board of directors and the Governor of the Bank.