Greater riel use could boost foreign reserves

16 March 2017
Khmer Times
Banking and financial services / Economy and commerce
Dollarization / Federal Reserve Bank of New York / International Monetary Fund / World Bank

When Cambodia began accumulating foreign reserves in 1997 – after it switched from a centrally planned market to an open economy – the central bank deposited the $276 million it had saved at the Federal Reserve Bank of New York and allowed it to manage the sum because it lacked the expertise to do so. …

 Riel Gains
http://www.khmertimeskh.com/news/36512/greater-riel-use-could-boost-foreign-reserves/

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