Hun Sen vows to intervene as dollar plunges to 3,888 riel
Cambodian Prime Minister Hun Sen said Wednesday that the government would intervene to stem the riel’s sharp rise against the US dollar in recent days.
“The Cambodian riel has been rising for several days,” he told a land-distribution ceremony in Oral district in Kampong Speu province, blaming strong demand for the local currency.
“The dollar was quoted at 3,888 riel in some markets yesterday but we want our currency around 4,000 riel,” the prime minister said.
