News

Riel trust needed for stability

25 April 2014
The Phnom Penh Post
Asian Development Bank (ADB) / Banking and financial services / Economic policy and administration / Economy and commerce / Multilateral development assistance
ADB / Asia / Asian Development Bank (ADB) / Cambodia Economic Association / CEA / Chea Serey / IMF / International Monetary Fund / National Bank of Cambodia / NBC / Supreme National Economic Council of Cambodia

As much as $320 million is being lost annually as a result of Cambodia’s reliance on the US dollar, while a longstanding mistrust in the riel means there is less of the local currency in circulation, restricting the national bank’s ability to respond in times ...

 Eddie Morton
http://www.phnompenhpost.com/business/riel-trust-needed-stability

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Riel trust needed for stability

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