Opinion by Khmerization
13th December, 2008
For the last 17 years or so, the Cambodian people have lost faith in the Riel, the Cambodian currency, and depended on the U.S dollar in their everyday livelihood. Most of Cambodian financial transactions, from multi-national transactions down to the petty transactions in the local economy, have been carried out in U.S dollar since the time of the United Nations Transitional Authority in Cambodia (UNTAC) in 1991. Since then, the Cambodian economy has become a dollarised economy- the sort of a dollar-dependent economy. And since then, there have been calls for the Rielisation - the use of the Riel in all financial transactions - and the de-dollarisation of this dollarised economy by restricting the use of the dollar in the local economy.
The Cambodian economy has always been at the mercy of the world economy. Since Cambodia gained independence from France in 1953, Cambodia had, one way or the other, depended on international aid in order to survive. The 1950s was when Cambodia became dependent on French aid to sustain the national economy. In the 1960s, at the time when America was vying for Cambodia’s supports for the Vietnam War, America had injected substantial amount of aid to Cambodia.
During the Khmer Republic regime of Marshall Lon Nol from 1970-1975, Cambodia had almost totally depended on American aid to support the survival of a regime that was facing an onslaught by the ultra-nationalist Khmer Rouge and the North Vietnamese Army.
When the Khmer Rouge ruled the country from 1975-1979, in trying to establish an agrarian Utopia, Pol Pot had abolished the money, which have seen the demise of the Riel, and Cambodia became heavily dependent on Chinese aid. When the Khmer Rouge regime was toppled in 1979, Cambodia was again heavily depended on the Russian and Vietnamese aid until 1991. The Vietnamese-backed regime of Prime Minister Hun Sen had tried to re-energise the Cambodian currency and stimulate the defunct Cambodian economy by re-introducing the money into the national economy but the people don’t have the confidence in the local currency and gold had become the only most trusted unit of currency for most financial transactions.
From 1991, during the time of UNTAC rule until today, Cambodia had survived on an average of $700 million of foreign aid annually. The U.S dollar flooded the Cambodian economy and it had become the most single trusted currency beside gold in the Cambodian financial transactions.
This sort of aid-dependency and a dollarised economy has put Cambodia at the mercy of world economic situations and makes the Cambodian economy susceptible and prone to world economic woes.
The Cambodian economy, if it is to survive competitively, must Rielise and de-dolarise all financial transactions. After all, our neighbours, like Laos, Vietnam and Thailand have, for decades, never allowed foreign currencies to flood their financial markets and their economies have survived and thrived until today. The de-dollarisation and the Rielisation of the Cambodian financial markets is essential to boost local confidence in the national currency during the time of world economic slowdown, precipitated by the perceived collapse of the U.S economy that could cause the Domino Effect. With a dollar-dependent economy, Cambodia could suffer adverse economic effects and financial collapse, dragged down by the apparent collapse of the U.S economy of which Cambodia is heavily dependent on its dollar for all major financial transactions.
Cambodia, if it is to sustain deep financial crisis, must devise plans to tackle the anticipated world economic meltdown, similar to the measures taken by Malaysia during the 1997 Asian financial crisis. During that time, George Sorros, the American financier and financial speculator was flooding the U.S dollar in the Malaysian financial markets. Realising that George Sorros was deliberately attempting to destroy the Malaysian economy and fearing the collapse of the Malaysian financial markets, Prime Minister Mahathir Mohamad restricted the U.S dollar from the Malaysian financial markets and banned the exchange between the Malaysian Ringgit and the U.S dollar. The Malaysian economy had survived the Asian financial crisis unscathed.
The Cambodian currency, the Riel, had suffered image problems and confidence since Cambodia plunged into civil strife in the 1970s. Since then, people depended on gold, and foreign currencies for their financial transactions instead of the local currency.
Currently, Cambodia, to a certain degree, has been flooded with three foreign currencies. In Phnom Penh and provincial towns and even in the rural areas, the U.S dollar is widely used and are in large circulations, at the expense of the Riel. In the eastern provinces of Kampong Cham, Svay Rieng, Ratanakiri, Mondulkiri, Takeo and parts of Kampot, the Vietnamese currency, the Dong, has been widely used. And in the western provinces of Battambang, Siem Reap, Pursat, Pailin, Koh Kong, Oddor Meanchey and Preah Vihear, the Thai currency, the Baht, had become the de facto local currency. This has caused the Cambodian Riel to become worthless, idle and unacceptable currency in most parts of its own financial markets. As a result, people have refused to accept the Riel in financial transactions. In one example, during the UNTAC period, foreign businesses jokingly asked to be paid in “real money”, not “Riel money”. This is because they do not have the confidence in the unstable Cambodian currency and due to the fluctuations in the Riel-dollar exchange rate and the instability of the Riel.
There are legitimate reasons and rational arguments for the restrictions of the circulations of foreign currency, in particular the U.S dollar, the Thai Baht and the Vietnamese Dong, in the Cambodian financial markets, in order to boost confidence in the Riel. The de-dollarisation, the de-Dongisation and the de-Bahtisation in the Cambodian financial transactions is essential if the Cambodian currency, the Riel, is to have any chance of survival and maintain its significance and relevance in the Cambodian financial markets at all. The widespread circulations of foreign currencies in the Cambodian financial markets have eroded the confidence in the Riel and if measures are not taken to re-energise and re-articulate the use of the Cambodian currency by local people, we could see the demise of the Riel in the not too distant future.
For argument’s sake, there are valid reasons to revitalise the use of the Cambodian Riel. Cambodia, by allowing the widespread circulations of the foreign currencies in the local economy, has lost its economic independence. Instead it will be at the mercy of those countries whom their currencies flooded the Cambodian economy. If the economies of those countries go under, by the theory of the Domino Effect, the Cambodian economy will follow suit.
One other subtle evidence for the revitalisation of the Riel was the important role it played in the stabilisation of the Cambodian economy during the Sangkum Reatr Niyum in the 1950s and 1960s. The Cambodian economic growth was slow then, but due to the ban of foreign currencies in the local economy and the widely use of the Riel, its valuation was very stable and it was widely acceptable as a single unit of currency in the local economy. The Riel exchange rate was on par with the Thai Baht. Teachers, public servants, bureaucrats and ordinary workers were well paid. The living standards for most families were similar to the living standards of the people of Thailand.
On the contrary, there are also legitimate arguments for not allowing the circulations of foreign currencies in the Cambodian local economy. Currently, the Cambodian economy is a dollar-dependent economy. And presently, most dollars are hoarded in the hands of a few privileged people in Phnom Penh and the provincial towns. Most of these people, mostly businesspeople, politicians and bureaucrats, have foreign bank accounts. Most of the dollars that have been injected into the local Cambodian economy will end up in the foreign bank accounts of those few people. And as such, most of the money and funds that are supposed to be in circulations to support and stimulate the Cambodian economy are sitting idle in the foreign bank accounts of those privileged few Cambodians in Switzerland or in Singapore. As a result, the Cambodian economy has been deprived of its much needed fund injection and a stimulus factor to stimulate the growth.
The Riel of today is heading the way toward its demise. Unless we “Rielise” this dollarised Cambodian economy any sooner, the Riel will lose its relevance in the Cambodian economy and the poor peasants, who are unable to have their hands on the dollar, will be the ones to bear the greatest brunt of this financial model of the foreign economic mastery.
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Khmerization is not an economist nor has he claimed to be one. The views expressed here are not arguments based on economic rationale, but rather they are purely the personal opinions of the author.
13th December, 2008
“The Riel of today is heading the way toward its demise. Unless we “Rielise” this dollarised Cambodian economy any sooner, the Riel will lose its relevance in the Cambodian economy and the poor peasants, who are unable to have their hands on the dollar, will be the ones to bear the greatest brunt of this financial model of the foreign economic mastery.”
For the last 17 years or so, the Cambodian people have lost faith in the Riel, the Cambodian currency, and depended on the U.S dollar in their everyday livelihood. Most of Cambodian financial transactions, from multi-national transactions down to the petty transactions in the local economy, have been carried out in U.S dollar since the time of the United Nations Transitional Authority in Cambodia (UNTAC) in 1991. Since then, the Cambodian economy has become a dollarised economy- the sort of a dollar-dependent economy. And since then, there have been calls for the Rielisation - the use of the Riel in all financial transactions - and the de-dollarisation of this dollarised economy by restricting the use of the dollar in the local economy.
The Cambodian economy has always been at the mercy of the world economy. Since Cambodia gained independence from France in 1953, Cambodia had, one way or the other, depended on international aid in order to survive. The 1950s was when Cambodia became dependent on French aid to sustain the national economy. In the 1960s, at the time when America was vying for Cambodia’s supports for the Vietnam War, America had injected substantial amount of aid to Cambodia.
During the Khmer Republic regime of Marshall Lon Nol from 1970-1975, Cambodia had almost totally depended on American aid to support the survival of a regime that was facing an onslaught by the ultra-nationalist Khmer Rouge and the North Vietnamese Army.
When the Khmer Rouge ruled the country from 1975-1979, in trying to establish an agrarian Utopia, Pol Pot had abolished the money, which have seen the demise of the Riel, and Cambodia became heavily dependent on Chinese aid. When the Khmer Rouge regime was toppled in 1979, Cambodia was again heavily depended on the Russian and Vietnamese aid until 1991. The Vietnamese-backed regime of Prime Minister Hun Sen had tried to re-energise the Cambodian currency and stimulate the defunct Cambodian economy by re-introducing the money into the national economy but the people don’t have the confidence in the local currency and gold had become the only most trusted unit of currency for most financial transactions.
From 1991, during the time of UNTAC rule until today, Cambodia had survived on an average of $700 million of foreign aid annually. The U.S dollar flooded the Cambodian economy and it had become the most single trusted currency beside gold in the Cambodian financial transactions.
This sort of aid-dependency and a dollarised economy has put Cambodia at the mercy of world economic situations and makes the Cambodian economy susceptible and prone to world economic woes.
The Cambodian economy, if it is to survive competitively, must Rielise and de-dolarise all financial transactions. After all, our neighbours, like Laos, Vietnam and Thailand have, for decades, never allowed foreign currencies to flood their financial markets and their economies have survived and thrived until today. The de-dollarisation and the Rielisation of the Cambodian financial markets is essential to boost local confidence in the national currency during the time of world economic slowdown, precipitated by the perceived collapse of the U.S economy that could cause the Domino Effect. With a dollar-dependent economy, Cambodia could suffer adverse economic effects and financial collapse, dragged down by the apparent collapse of the U.S economy of which Cambodia is heavily dependent on its dollar for all major financial transactions.
Cambodia, if it is to sustain deep financial crisis, must devise plans to tackle the anticipated world economic meltdown, similar to the measures taken by Malaysia during the 1997 Asian financial crisis. During that time, George Sorros, the American financier and financial speculator was flooding the U.S dollar in the Malaysian financial markets. Realising that George Sorros was deliberately attempting to destroy the Malaysian economy and fearing the collapse of the Malaysian financial markets, Prime Minister Mahathir Mohamad restricted the U.S dollar from the Malaysian financial markets and banned the exchange between the Malaysian Ringgit and the U.S dollar. The Malaysian economy had survived the Asian financial crisis unscathed.
The Cambodian currency, the Riel, had suffered image problems and confidence since Cambodia plunged into civil strife in the 1970s. Since then, people depended on gold, and foreign currencies for their financial transactions instead of the local currency.
Currently, Cambodia, to a certain degree, has been flooded with three foreign currencies. In Phnom Penh and provincial towns and even in the rural areas, the U.S dollar is widely used and are in large circulations, at the expense of the Riel. In the eastern provinces of Kampong Cham, Svay Rieng, Ratanakiri, Mondulkiri, Takeo and parts of Kampot, the Vietnamese currency, the Dong, has been widely used. And in the western provinces of Battambang, Siem Reap, Pursat, Pailin, Koh Kong, Oddor Meanchey and Preah Vihear, the Thai currency, the Baht, had become the de facto local currency. This has caused the Cambodian Riel to become worthless, idle and unacceptable currency in most parts of its own financial markets. As a result, people have refused to accept the Riel in financial transactions. In one example, during the UNTAC period, foreign businesses jokingly asked to be paid in “real money”, not “Riel money”. This is because they do not have the confidence in the unstable Cambodian currency and due to the fluctuations in the Riel-dollar exchange rate and the instability of the Riel.
There are legitimate reasons and rational arguments for the restrictions of the circulations of foreign currency, in particular the U.S dollar, the Thai Baht and the Vietnamese Dong, in the Cambodian financial markets, in order to boost confidence in the Riel. The de-dollarisation, the de-Dongisation and the de-Bahtisation in the Cambodian financial transactions is essential if the Cambodian currency, the Riel, is to have any chance of survival and maintain its significance and relevance in the Cambodian financial markets at all. The widespread circulations of foreign currencies in the Cambodian financial markets have eroded the confidence in the Riel and if measures are not taken to re-energise and re-articulate the use of the Cambodian currency by local people, we could see the demise of the Riel in the not too distant future.
For argument’s sake, there are valid reasons to revitalise the use of the Cambodian Riel. Cambodia, by allowing the widespread circulations of the foreign currencies in the local economy, has lost its economic independence. Instead it will be at the mercy of those countries whom their currencies flooded the Cambodian economy. If the economies of those countries go under, by the theory of the Domino Effect, the Cambodian economy will follow suit.
One other subtle evidence for the revitalisation of the Riel was the important role it played in the stabilisation of the Cambodian economy during the Sangkum Reatr Niyum in the 1950s and 1960s. The Cambodian economic growth was slow then, but due to the ban of foreign currencies in the local economy and the widely use of the Riel, its valuation was very stable and it was widely acceptable as a single unit of currency in the local economy. The Riel exchange rate was on par with the Thai Baht. Teachers, public servants, bureaucrats and ordinary workers were well paid. The living standards for most families were similar to the living standards of the people of Thailand.
On the contrary, there are also legitimate arguments for not allowing the circulations of foreign currencies in the Cambodian local economy. Currently, the Cambodian economy is a dollar-dependent economy. And presently, most dollars are hoarded in the hands of a few privileged people in Phnom Penh and the provincial towns. Most of these people, mostly businesspeople, politicians and bureaucrats, have foreign bank accounts. Most of the dollars that have been injected into the local Cambodian economy will end up in the foreign bank accounts of those few people. And as such, most of the money and funds that are supposed to be in circulations to support and stimulate the Cambodian economy are sitting idle in the foreign bank accounts of those privileged few Cambodians in Switzerland or in Singapore. As a result, the Cambodian economy has been deprived of its much needed fund injection and a stimulus factor to stimulate the growth.
The Riel of today is heading the way toward its demise. Unless we “Rielise” this dollarised Cambodian economy any sooner, the Riel will lose its relevance in the Cambodian economy and the poor peasants, who are unable to have their hands on the dollar, will be the ones to bear the greatest brunt of this financial model of the foreign economic mastery.
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Khmerization is not an economist nor has he claimed to be one. The views expressed here are not arguments based on economic rationale, but rather they are purely the personal opinions of the author.
30 comments:
yes, cambodian govt. should try to promote the cambodian currency by banning foreign currencies in cambodian markets. if someone got the dollar, the vietnamese dong or the thai baht they have to go to the baks and exchange it into riel before they can buy something in cambodian markets, just like in thailand and vietnam. cambodians need to be proud of their money.
Que pense le pere spirituel de Samdach Decho HS Lui qui déteste les américains en core et encore qui jure la perte des US et à présent son propre fils spiirituel a aopté le $ comme monnaie d'échange des Khmers sur la scène international et que fait ce minisytre de finnces si j'ai bien compris possede une certaine base de l'économie Finalement tous ces ministres ce ne sont QUE DES ILLETRES ET DES IN KULTURES et que pense le SAmdach TA de tous ces ministres sous ministres sécrétaire d'état et sous et sous et sécrétaires d'état Et quand je pense à ce HOR MONIRATH ambassadeur au Japon mais sur la l'échelle de valeur connaissance géographique langues ect ect quelqu'un peut m'éclaircir et il parait qu'il n'a pas l'odeur de sainteté avec la polices criminelles françiases Je vais terminer et je dis MERCI SAMDACH TA ET VOILA L'HERITAGE QUE VOUS AVEZ SEME A CAUSE DE VOTRE MYOPIE IL FAUT RACONTER TOUT CELA AU LIEU D'ACCABLER LE NEAK SNEHA CHEAT SISOWATH SIRIMATAK LUI OUI UN HOMME DE Kulture et un vrai Patriote
your ideal is ridiculous anyways. don't u know earth is now becoming a global village. dont worry dude, Riel will be ok, i can guarantee for u
Yeah, one can tell that you are no economist. Why didn't you leave the subject alone. Most of it is pure nonsense.
Khmerization needs to speak about things it knows. How can anyone wrote such a long article full of craps about a subject Khmerization know so little about. General knowlege of economics does not qualify one to become a policy maker.
I recommend the government to mandate salaries from private companies be paid in Riels and the banks to spit out in Riels from their ATMs (though dollars can still withdraw with teller). Meanwhile government must keep an eye on inflation to make sure Riel will not retain its value.
agree, cambodia should not be ashame to use our own national currency, the riel. i mean, in the beginning, it was wise to use the dollar as it is stronger in the economic market of the world, however, we, khmer people, must also, think about our own pride, too, like having and using our very own currency, the riel like in the good, old days of the sankum reastr niyom era of the 1950s and 1960s. it should be more than about the money; it ought to be about getting the national pride back. and start any where like going to introduce or integrate the use of the riel again. that said, of course, the dollar will still be usable in the international transaction process of bigger transactions or big purchases. we must start somewhere, somehow. khmer pride all the way. god bless cambodia.
i know, just observe how other countries are doing it. take thailand or vietnam or malaysia for example, they encourage the use of their national currency. that said, of course, the dollar will always be the strong currency in the international exchange or market. we're talking about going back to use cambodia's national currency. yes, it is about pride of being cambodia. please think about it, it's about cambodia in the competitive world out there! god bless cambodia.
i know it's irrelevant to the subject on this thread, but it's tantamount to having a national flag carriers as well; it's about having pride being cambodian or cambodia as a national. i'm so sick and tired of read or hearing people brag about how the thai baht is a de facto money in our northwestern provinces of koh kong, battambang and even bantey meanchey. hell, cambodia, as a nation and people ban the use of the baht in our country; sam with the dong or cow dung as we call it in vietnam being used in our border provinces. it was good and fine in the start of things, however, we should ask ourselves, we are, khmer people and nation, going to keep on using foreign currency as a de facto currency in cambodia forever? or when will we see the use to reuse the national currrency, the riel, again. we have gotten to start somewhere, somehow! we are not against the stronger foreign currency like the US dollar, etc..., we just wanted to remind khmer people and nation to go back to have pride and confidence in our national currency, the riel, again. that's all. god bless cambodia.
Trust in any currency is not build on nationalism, pride or hopeful and wishfull thinking. It is build on sound fiscal and monetary policies. Trust cannot be mandated by govertment.
One way to start having trust in the Riel is to tie it to hard currents. For example, for one Riel the NBC print it must hold 25% dollar, 25% Euro, 25% Yuan, and 25% Yen. That would be a start.
Yes, good idea and good analysis Khmerization. Your analises are based on sound economic rationale. Khmer should be proud of our national currency. The Viet Dong, the Thai Baht must be banned from Cambodian markets. Cambodian Riel must be rejuvenated. Thailand and Vietnam never allowed any currency to be used in their countries.
i think it is good that khmerization wrote about this as a way to bring to the attention of all people who love cambodia. i think expression one's broad understand of all things is important. this is an open blog that purposely generate new or better ideas, so, one's don't necessary have to be an expert in the field as it is not a prize thing. it's called freedome of expression as in this days and age, people get a broad basis education, anyway. so, i'm glad khmerization have written about it to remind people to look, observe how other countries are doing, then may adopt or apply that to the education of cambodia as well. like anything else, there is no boundary for education either. of course, we all assume there is a disclaimer here, not visibly expressed, however, it's good to express one's educated understanding of all things worldly or related to cambodia. thank you and god bless cambodia.
4:39am, i agree with you 100%. those who criticised khmerization should presen their arguments instead of say its a piece of craps. cambodians need to wake up. viet and thai currencies are flood our markets. the riel must be the only currency in cambodia.
Cambodian unit of currency "Riel" is probably derived from the Portugese unit of currency "Real" that was in use between 1430-1911.
Today there are four countries in the world that use the same homoneme unit of currency.
Cambodian currency: 4096 Riel = $1 US
Iranian currency: 9873 Rial = $1 US
Quatar currency: 3.64 Rial = $1 US
Saudi Arabia currency: 3.75 Riyal = $1 US
Pandit Kambu Svayambhuva
Cambodian unit of currency "Riel" is probably derived from the Portugese unit of currency "Real" that was in use between A.D.1430-1911.
Today there are five countries in the world that use the same homoneme unit of currency.
Cambodian currency: 4096 Riel = $1 US
Brazilian currency 2.26 Real = $1 US
Iranian currency: 9873 Rial = $1 US
Quatar currency: 3.64 Rial = $1 US
Saudi Arabia currency: 3.75 Riyal = $1 US
Pandit Kambu Svayambhuva
Definition Kambu Svayambhuva:
Kambu Swayambhuva (or Kaundinya) was a Hindu sage prince of Kamboja lineage who finds mention along with sage Agastya, Kaundinya Swayambhuva, king Rajendra Chola, king Ashoka Maurya and king Pushyamitra Shunga in Shloka-22 in Ekamata Stotra. The legend holds that Kambu Swayambhuva was a learned prince who had initially been an Indian king. He had ventured into the Far East and entered an area having jungles that was being ruled by a king of Naga lineage. Defeating the Naga king, prince Kambu married his daughter Mera and developed the land into a fertile and flourishing country. The combination of Kambu and Mera names is said to have given rise to the name Khmer (Kambu + Mera =Khmer) according to George Coedes [1]. Sage-prince Kambu of the Cambodian legends, to all probability, belonged to the Kamboja lineage[2] and appears to have sailed from Indian subcontinent, probably from Saurashtra/Gujarat on the west coast of India and established a small Kamboja kingdom in Bassac around Vat-Ph'u hill in Mekong Basin. In ancient Chinese accounts, this kingdom is known as Chenla. The time frame for this event could be the later half of 4th c AD. Sage prince Kambu was succeeded by his little son Shrutavarma Kambuja who ruled in 5th century AD. Shrutavarma was succeeded by his son Shreshthavarma Kambuja who was followed by king Viravarma Kambuja. Princess Kambujarajalakshmi (fortune of the kings of the Kambujas), the queen of prince Bhavavarman I, was from the line of Kambu Swayambhuva and it was through her that Bhavavarman I inherited the royal lineage and became king of Kambuja. The Kamboja power established by sage prince Kambu in Indo-China, however, did see many ups and downs in the succeeding centuries before culminating into Angkorean fame. Around 8th century A.D, the kings of Shailendra dynasty seized control of Chenla (i.e. Kambuja) but at the start of 9th century, the Kambuja family reasserted itself under a capable Kamboja prince Jayavarman II, shook off the foreign yoke, unified the Land Chenla and Water Chenla and renamed the unified country as Kambuja after his family's lineage. Thus began the long line of Kambuja princes and also the famed Angkorean period in Cambodian history which was to reach to very splendorous and glorious heights in the succeeding centuries.
Prince Swayambhuva Kambu is claimed to be the eponymous ancestor of the Kambujas i.e the royal family of Cambodia with celestial nymph Mera given to him by god Siva [3]. Princes of Kambodia expressly state themselves as Kambujas and to have descended from the lineage of Kambu.
As is otherwise also obvious, the name Kambu is stated to be a corruption of the standard Sanskrit term Kamboja[4] [5] [6].
REMEMBER PREAH VIHEAR............WAKE UP HUNSEN
REMEMBER PREAH VIHEAR............WAKE UP HUNSEN
REMEMBER PREAH VIHEAR............WAKE UP HUNSEN
REMEMBER PREAH VIHEAR............WAKE UP HUNSEN
REMEMBER PREAH VIHEAR............WAKE UP HUNSEN
REMEMBER PREAH VIHEAR............WAKE UP HUNSEN
CAMBODIA MUST SEEK UN SECURITY COUNCIL FOR HELP!!!
CAMBODIA MUST INFORM WORLD COURT ABOUT THAILAND'S VIOLATION OF THE 1962 ICJ DECISION ON PREAH VIHEAR.
CAMBODIA MUST ASK FOR UN PEACEKEEPING TROOPS AGAINST THAI AGGRESSION.
CAMBODIA MUST NOT WASTE ANY MORE TIME...PROLONGING THAI OCCUPATION OF 4.6 KM2 OF PREAH VIHEAR AREA = LOST OF KHMER TERRITORY!!
WAKE UP HUN SEN!!!!!
KHMER PEOPLE MUST UNITE AND EXPELL ALL FOREIGNERS OUT OF CAMBODIA.
LAND THAT THAI STOLE FROM CAMBODIA IN BROAD DAY LIGHT = PREAH VIHEAR, POIPET, TA MOAN, TA KRABEI...WE MUST PROTEST GOOGLE, WIKIPEDIA ONLINE SATELLITE MAP TO COMPLY WITH 1904-07 FRANCO-SIAMESE TREATY AND UN MAP, NOT THAI-MADE MAP!!!
MAY THE SPIRIT OF OUR GREAT KING JAYAVARMAN VII PROTECT OUR KHMER NATION!!!
Khmers need debate, argument-as goes by saying more heads more ideas...and by this stance I admire Khmerization for the detailed points and arguments by Khmerization.
And those who posted like piece of craps or whatever with so negative impacts over one mind should leave here and go eat YOUN or China's bones now. Don't waste time you parasites-go learn to write better with more argument. I wonder if the ruling gov.t or Youn's spies hire these low life and low-educated people for what?
1:08pm,I agree with you. Khmerization has written a lot of articles which generated a lot of debates. Those who criticized must come up with a better idea, otherwise nobody will take them seriously. Rightly or wrongly, Khmerization has entered the debate with sincere intentions by presenting his arguments. One more thing, ask the Viet or the Thai if they will allow the Khmer Riel to flood their markets. No way!
Please! Do not asking Thai or Viet,But I believe If we asking China,USA and USSR will allow the Khmer riel to flood thier market.
7:52pm you forgot that most khmer people hated the viets and thais for what they done to cambodia like stole our lands and invade us! thus, viets and thais are nowhere close in comparison to the USA, the Russian, the Chinese, the EU, etc... the difference is Khmer people have nothing, if any, against these other countries, excetp youn and siem, of course, we have problems with youn and siem! thus, the difference, here!
7:52pm, The Khmer Riel has no comparison with the Russian Rouble, the Chinese Yuan or the Euro. Their economies are strong, their currencies are internationally acceptable. On the other hand, the Viet Dong, the Thai Baht have very similar stature as the Khmer Riel, thus the comparison made by 5:47pm is appropriate. If they don't allow our currency in their markets, why should we allow their currencies to flood our markets. Simple!
7:53am, thank you very much for posting a brief history of cambodia here. it is very interesting and i really enjoy the story. plus, i learned something about the origin of cambodia from your informative, fact posting. god bless.
In vietnam you must change $ to viet-dong, otherwise they don't take it, i think cambodian government should do the same!!
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