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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 ...
The board's recommendation was "political in nature", Cambodia's foreign affairs ministry said. Hun Sen's Facebook account went offline last week after the Oversight Board, which is funded by Meta ...
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
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.
The islands Bonaire, Sint Eustatius and Saba, now collectively known as the Caribbean Netherlands, adopted the dollar on January 1, 2011, as a result of the dissolution of the Netherlands Antilles. [20] [21] The U.S. dollar is an official currency in Zimbabwe, along with the euro, sterling, the pula, the rand, and several
[citation needed] From 1991–1993, the United Nations Transitional Authority in Cambodia stationed 22,000 personnel throughout Cambodia, whose spending represented a large part of the Cambodian economy. [citation needed] While the riel remains in common use in the provinces, the major cities and tourist areas heavily use the U.S. dollar. The ...
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 ...
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." Second, Cambodia was a cashless nation; the government confiscated all republican era currency.