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the Cambodian Central Bank Digital Currency, could promote cross-border QR payments, which would increase the use of the Cambodian Riel (KHR). Interviewed at the Nikkei’s Future of Asia event in ...

all of which have negatively impacted the value of its currency. The Cambodian Riel is one of the world’s cheapest currencies due to limited usage in domestic markets where the US dollar dominates.

Sophoan pointed out that compared to other nations where currency depreciation has led to soaring inflation, Cambodia’s exchange rate has remained largely consistent, hovering around 4,000 riel per US ...

Cambodia has been selected to pilot a new ... this move is part of a strategy to encourage the use of the local currency, riel, in an economy where more than 80% of transactions are conducted ...

The challenge of promoting the use of the riel is not just one of monetary policy. It also touches on questions of Cambodian national identity.