News

ANZ chief says Cambodia should de-dollarise

21 February 2013
The Phnom Penh Post
Economy and commerce
a stand-alone currency / ANZ / Business Research Institute for Cambodia / Cambodia Outlook Conference / chief executive / Chinese companies / Chinese government / Chinese renminbi / Currency / De-dollarisation / dollarised period / dominant currency / exchange-rate fluctuation / global trade flows / Hiroshi Suzuki / incentives / investment flows / Khmer riel / liquidity / macro-economic management / major currencies / Mike Smith / pegged / RMB / stable exchange rate / Trade / US Dollar

ANZ chief executive Mike Smith says Cambodia should decouple the riel from the US dollar to a stand-alone currency and align itself to the Chinese renminbi (RMB), given the shift in global trade flows. At the Cambodia Outlook Conference in Phnom Penh yesterday, Smith said: “I ...

http://www.phnompenhpost.com/2013022161527/Business/anz-chief-says-cambodia-should-de-dollarise.html

China's ICBC offers RMB transfers

23 October 2012
The Phnom Penh Post
Economy and commerce / Investment
ASEAN / ASEAN Clearing Electronic System / banking / CHANCES / Chinese aid / Chinese currency / Commercial Bank of China / Commercial banks / Currency / ICBC / regional development / regional trade / renminbi / RMB / Trade / Union Commercial Bank

A new banking settlements system called CHANCES, dealing exclusively in the Chinese currency renminbi (RMB), aims to make trade between China and the ASEAN countries easier and less expensive. Owned and operated by the Industrial and Commercial Bank of China (ICBC), the CHANCES system stands for ...

http://www.phnompenhpost.com/index.php/2012102359361/Business/industrial-and-commercial-bank-of-china-offers-rmb-transfers.html

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ANZ chief says Cambodia should de-dollarise

China's ICBC offers RMB transfers

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