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Cambodia’s long-serving, tough-talking leader, Hun Sen, on Friday said he is considering banning Facebook in his country, largely because he is fed up with the abuse he receives on it from his ...
PHNOM PENH, Cambodia (AP) — Cambodian Prime Minister Hun Sen's Facebook account was reactivated Thursday, three weeks after he announced he was forsaking the social media giant in favor of ...
Hun Sen has a following of 14 million on Facebook, a figure close to the size of Cambodia's population. "It is better compared to Facebook," he said of Telegram in a post on Wednesday.
In Cambodia, US notes circulate freely and are preferred over the Cambodian riel for large purchases, [27] [28] with the riel used for change to break 1 USD. After the U.S. invasion of Afghanistan, U.S. dollars were accepted as if legal tender, but in 2021 the Taliban government banned the use of foreign currencies. [29]
Dedollarisation refers to countries reducing reliance on the U.S. dollar as a reserve currency, medium of exchange or as a unit of account. [1] It also entails the creation of an alternative global financial and technological system in order to gain more economic independence by circumventing the dependence on the Western World-controlled systems, such as SWIFT financial transfers network for ...
Cambodia is a constitutional monarchy and multi-party state, [18] although the CPP dominates the political system. [19] Cambodia is a member of the United Nations, ASEAN, the RCEP, the East Asia Summit, the WTO, the Non-Aligned Movement, and La Francophonie, and is a dialogue partner of the Shanghai Cooperation Organisation.
Cambodia's central bankers are riding their hopes of de-dollarization on a national payments blockchain: Project Bakong. Cambodia Plots a Dollar-Free Future With Blockchain-Based Payments: White Paper
Cambodia had a gross domestic product (GDP) of $28.54 billion in 2022. [18] Per capita income, although rapidly increasing, is low compared with most neighboring countries. Cambodia's two largest industries are textiles and tourism, while agricultural activities remain the main source of income for many Cambodians living in rural areas. [19]