 |
| Foreign currencies and Cambodian riel are displayed at a money changing stall at Central Market in Phnom Penh. Photo by: Wesley Monts |
Friday, 04 March 2011
Jeremy Mullins
The Phnom Penh Post
DOMESTIC businesses and expatriates ought to make increased use of the riel according to National Bank of Cambodia Deputy Governor Neav Chanthana, who joined economists and students at a currency conference in Phnom Penh yesterday.
While Cambodians predominantly use the riel in daily transactions, according to the NBC, statistics show that over 90 percent of the value of domestic transactions is conducted in dollars.
“What we need from the private sector is to move to the local currency,” said Neav Chanthana at the Royal University of Law and Economics yesterday, reiterating the call to the expat community.
No comments:
Post a Comment