Opinion split over currency

Monday, January 24th, 2011

Delegates attend a consultation at Phnom Penh Hotel on Friday to discuss currency use in Cambodia’s new stock exchange. Photo by: Sovan Philong We will have a meeting with Keat Chhon for approval … it won’t take a long time to decide – it will happen soon THE Securities and Exchange Commission of Cambodia is set to make a decision “soon” on what currency firms will use to list on the exchange, after holding a public consultation on its choices.

Dollars on sale to boost the riel

Monday, May 24th, 2010

THE National Bank of Cambodia (NBC) has put out US$4 million for sale in a bid to stabilise the riel, which depreciated to a three-year low last week. According to an NBC announcement, signed by Director General Tal Nay Im late last week, the bank is inviting bids from commercial banks, licenced money changers and [...]

Money Currency

Sunday, December 27th, 2009

It is because of a lot of counterfeit dollars circulating across Cambodia, therefore farmers who just sold their land were writing down the series of number of dollars, in case they met faked note and then give it back to land buyers. It is easy way for people who do not know well the real [...]