Cambodia

Riel sees stable gains on dollar this year

A steady rise in the value of Cambodia’s riel since the beginning of the year demonstrated increased confidence in the currency often shadowed by predominant usage of the US dollar, officials said yesterday. The riel has strengthened 1 per cent against the dollar since early January, according to a commodity price report from the Ministry of Commerce. The currency traded at 4,013 riel per dollar yesterday, up from 4,057 riel at the beginning of the year, the report showed. “The consequent rising value of riel proves there is more confidence in local currency, and it can help to strengthen the usage of the riel,” said Ngoun Sokha, director general and spokeswoman of the National Bank of Cambodia

Published

9 years ago

March 8, 2012

Rithy Chey

The currency traded at 4,013 riel per dollar yesterday, up from 4,057 riel at the beginning of the year, the report showed. “The consequent rising value of riel proves there is more confidence in local currency, and it can help to strengthen the usage of the riel,” said Ngoun Sokha, director general and spokeswoman of the National Bank of Cambodia

Excerpt from:
Riel sees stable gains on dollar this year

Asean

CLMV economies Outlook by EIC Q1/2021

Within the region, Vietnam’s economy is projected the fastest growth due to ongoing strong exports performance for electronics products and a resilient domestic economy.

Published

2 months ago

March 10, 2021

Boris Sullivan

The global recession and COVID-19 pandemic heavily affected CLMV economies in 2020, resulting in major slowdown in Vietnam and Myanmar whereas Laos and Cambodia faced economic contractions from additionally specific negative factors.

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Cambodia

CLMV’s economic growth crashes to two-decade low due to COVID-19

The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year

Published

12 months ago

May 25, 2020

Bui Dung

The COVID-19 pandemic is having a negative impact on CLMV economies through their dependency on foreign-sourced revenue from tourism and exports says KResearchCenter.

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Cambodia

Cambodia’s aid and investment affair with China

China is Cambodia’s biggest aid provider and Chinese investors hold almost a quarter of Cambodia’s total FDI stock. Distinguishing Chinese aid from investment is difficult, but there is no doubting China’s huge economic impact in Cambodia.

Published

2 years ago

July 30, 2019

East Asia Forum

The debate about China’s rapidly growing global investment and development financing footprint has focused on deciphering Chinese intentions — whether China aims to revise or maintain the US-led ‘liberal international order’.

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