ANZ chief says Cambodia should de-dollarise

ថ្ងៃទី ២១ ខែកុម្ភៈ ឆ្នាំ២០១៣
ភ្នំពេញប៉ុស្តិ៍
សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម
a stand-alone currency / ធនាគារ អេ អ៊ិន ហ្ស៊ិត / វិទ្យាស្ថានស្រាវជ្រាវពាណិជ្ជកម្មកម្ពុជា / សន្និសីទចក្ខុវិស័យកម្ពុជា / chief executive / ក្រុមហ៊ុនចិន / រដ្ឋាភិបាលចិន / Chinese renminbi / រូបិយប័ណ្ណ / បដិដុល្លារូបនីយកម្ម / dollarised period / dominant currency / exchange-rate fluctuation / global trade flows / ហ៊ីរ៉ូស្ស៊ី ស៊ូស៊ូគី / ប្រាក់លើកទឹកចិត្ត / investment flows / ប្រាក់រៀល / សន្ទនីយភាព / macro-economic management / major currencies / ម៉ៃ ស្ម៊ីត / pegged / RMB / stable exchange rate / ពាណិជ្ជកម្ម / ដុល្លារអាមេរិក

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 believe you have to think very seriously about linking your currency to somebody else’s currency, because you don’t control the printing press and that will always give you trouble in times of either tight or excessive liquidity, as we have now. … But Business Research Institute for Cambodia chief executive Hiroshi Suzuki said although Chinese companies had already begun exporting in RMB with incentives from the Chinese government, he expected the US dollar to remain the dominant currency in the short term. …

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