Ste78 Posted October 25, 2022 Share Posted October 25, 2022 Hello, during the last months, the USD got so strong agains alla currencies, JPY, UK pound, Chinese Renminbhi, etc. Cambodia has this fixed rate of arond 1$=4100 riel any idea how possible to keep it? why the other countries don't do the same?! Just wondering if we are going to see son a free exchange, where probably the Riel would lose 30/50% regards Link to comment Share on other sites More sharing options...
my friend I Posted October 26, 2022 Share Posted October 26, 2022 It's a Bit of a mystery. Most Cambodians don't use banks. The economy has faded because of covid and they have lost trade benefits because of the human rights record. Link to comment Share on other sites More sharing options...
Ste78 Posted October 26, 2022 Author Share Posted October 26, 2022 I forgot to say that I had this doubt, after moving some money to Cambodia and made 1 year fixed deposit in Khr, which gave higher rate than USD Link to comment Share on other sites More sharing options...
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