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Decree puts riel prices into focus


geovalin

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The government has issued a decree that requires all businesses to put price tags on their products and services in riel to increase transparency for consumers and boost the use of the local currency.

 

A prakas by the Ministry of Commerce (MoC) released yesterday builds off of a similar initiative announced in 2013 that fell flat on a lack of enforcement and confusion surrounding the vague penalties for non-compliance.

 

However, according to the MoC’s updated decree, the government will coordinate with multiple agencies to regularly inspect business operations to make sure that price tags are in place, and are properly displayed in riel.

 

read more http://www.phnompenhpost.com/business/decree-puts-riel-prices-focus

 

 
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-- © Copyright Phenom Pen Post 21/07
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