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Circulation of riel rises 33%

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The share of riel in circulation in the Kingdom grew by about 33 per cent year-on-year by last year’s end as deposits in riel increased by 37 per cent, said the National Bank of Cambodia (NBC) 2019 Review and 2020 Outlook report.


The report noted a steady rise in demand for the local currency, with deposit dollarisation ratio dropping to 82.9 per cent last year from 2018’s 84.8 per cent.


Speaking at the closing ceremony of the report’s launch on Friday, NBC governor Chea Chanto said promoting the usage of the riel is crucial for the Cambodian economy.


read more https://www.phnompenhpost.com/business/circulation-riel-rises-33


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I dont really understand how its crucial to the cambodian economy, altho I can understand it would be crucial to anyone that would want to manipulate it to their personal advantage

Edited by phycokiller

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