Dollarisation is making monetary policy ineffective, Cambodian central bank says
Central bank actively promoting the use of riel
As the Cambodian financial system has developed, high dollarisation has made monetary policy implementation "ineffective", a statement from the nation's central bank has said.
Published on January 10, the central bank said dollarisation was a risk to the economy, preventing monetary policy from protecting against external shocks. It is trying to encourage wider use of the domestic currency instead.
"We have been proactive in promoting the use of riel by introducing appropriate measures and
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