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In order to boost the riel, and avoir the dependency on the dollar, Chea Serey also promoted the use of the Chinese yuan in trade with China, as similar arrangements are being pursued with Asean nations, particularly Thailand and Vietnam, [23] while continuing to encourage the preferential use of the Khmer riel.
Everyone knows the exchange rate of 4,000 KHR/US$ for retail trade, with riel paid out for change in fractions of a dollar. [1] In June 2020, the National Bank of Cambodia announced the phaseout from wide circulation of small U.S. dollar banknotes of $1, $2 and $5. [4]
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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
Steam locomotives of Cambodia (3 P) This page was last edited on 25 April 2020, at 12:01 (UTC). Text is available under the Creative Commons ... Code of Conduct;
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The Cambodian economic system was unique in at least two respects. First, the government abolished private ownership of land. The Khmer Rouge believed that, under the new government, Cambodia should be a classless society of "perfect harmony" and that private ownership was "the source of egoist feelings and consequently social injustices."
Minister Term start Term end Mok Sokun: 8 January 1979: 9 April 1979 Ros Samay: 15 May 1979: December 1979 Taing Sarim: December 1979: 5 March 1985 Chan Phin