Central bank seeks to promote Riel use

10 June 2015
Khmer Times
Development policy and administration / Investment / Investment policy and regulations / Land / Land tenure and land titling / Trade / Trade policy and regulation
Chea Serey / National Bank of Cambodia

Cambodia’s central bank is seeking to promote the use of the riel and wean the Kingdom’s economy off its dependence on the US dollar, a senior banking official said on Tuesday. Speaking at a luncheon organized by the British Chamber of Commerce in Cambodia (BritCham), Chea Serey, director-general of the National Bank of Cambodia, said Cambodia’s high rate of dollarization presents both advantages and disadvantages. …

 Cam McGrath
http://www.khmertimeskh.com/news/12117/central-bank-seeks-to-promote-riel-use/

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