Wednesday, May 19, 2010

Riel value slumps to new low

Tuesday, 18 May 2010
By Nguon Sovan
The Phnom Penh Post

Exchange rate falls to 4,235 riels per dollar amid gradual depreciation in 2010
THE value of the riel reached a year low on Monday potentially pushing up inflation and affecting Cambodians’ purchasing power, commentators said.
The riel currency has lost 1.07 percent of its value against the US dollar within the past month, according to rates recorded by Ly Hour Exchange.

No comments: