Cambodia discusses measures to stablise domestic currency
04/27/2006
Phnom Penh (VNA) - A workshop on the USD circulation and the stablisation of Cambodian currency, Riel, was held in Phnom Penh on April 26 by the National Bank of Cambodia (NBC).
The workshop, with the participation of representatives from the International Monetary Fund and the Asian Development Bank, focused on positive and negative effects of the open circulation of the USD in the domestic market and measures to stablise the value of the Riel.
Foreign currencies deposited in banks now accounts for 95 percent of the total deposits, Governor of the CNB Chea Chanto said, adding that apart from taking measures to effective use of foreign currencies for national construction, Cambodia must stabilise the country's currency's value in order to increase the investors' trust in the domestic currency.-Enditem
The workshop, with the participation of representatives from the International Monetary Fund and the Asian Development Bank, focused on positive and negative effects of the open circulation of the USD in the domestic market and measures to stablise the value of the Riel.
Foreign currencies deposited in banks now accounts for 95 percent of the total deposits, Governor of the CNB Chea Chanto said, adding that apart from taking measures to effective use of foreign currencies for national construction, Cambodia must stabilise the country's currency's value in order to increase the investors' trust in the domestic currency.-Enditem
2 comments:
Who's pictures on this large amount bill? Was that Son Ngoc Minh and his wife? He looked resemble to Xianouk and his mother?!
Recommendation for Hun Sen economic viability reprint old Piastre of Colonial era plus coins.
500 p, 200p, 100p, 50p, 20p, 10p, 5p, 2p, 1p then centimes
Maybe ah kwak hun sen needs to look at Cambodian money not American dollars and yeah he said the economic is going goods. Its good for him not for the rest of Khmer who work thier sweat off everyday just to earn a dollar.
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