News

Blockchain system will reduce dependence on the ‘greenback’

Cambodian’s will soon be able to make near-instant payments via a new blockchain payment platform being launched under a system called Distributed Ledger Technology (DLT) that will “ultimately undermine the popularity of the US dollar”, according to the Kingdom’s central bank director. ...

Harrison White
https://www.khmertimeskh.com/50723403/blockchain-system-will-reduce-dependence-on-the-greenback/

Int’l digital payment firms ‘committed’ to de-dollarisation

Visa Inc. is one of several international digital payment firms who have said they are committed to supporting the government and the National Bank of Cambodia (NBC) in their de-dollarisation mission. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50713285/intl-digital-payment-firms-committed-to-de-dollarisation/

De-dollarisation is ultimate goal of the Royal Government

A question and answer session with Deputy Prime Minister and Minister of Economy and Finance Dr Aun Pornmoniroth in conjunction with the 40th anniversary celebrations of the reintroduction of the riel. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50707318/de-dollarisation-is-ultimate-goal-of-the-royal-government/https://www.khmertimeskh.com/50707318/de-dollarisation-is-ultimate-goal-of-the-royal-government/

Economists assail opposition proposal to ditch US dollars

Economists on Tuesday lambasted the CNRP’s proposal to eliminate the use of U.S. dollars for transactions in the country within one year of a victory in next year’s national elections, saying the policy would be “a disaster” and “impossible.” ...

Brendan O’byrne
https://www.cambodiadaily.com/news/economists-assail-opposition-proposal-to-ditch-us-dollars-131307/

CSX Slated to Start Trading by the End of 2011

While the Cambodia Securities Exchange (CSX) recently opened its doors for business, it’s not quite ready to actually do business. As it currently stands, there is no actual trade taking place, making it the smallest bourse in the world in terms of market capitalization. However, ...

http://www.etmcambodia.com/

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