Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Fifty riels kills my dollars

Fifty riels kills my dollars

Ever since the Finance Ministry resurrected the small 50 riel note earlier this

month the dollar has depreciated faster than the bombs dropped during the Indo-China

war.

This has been recognized as good news for many but, unfortunately, not for the many

dollars-spenders including myself.

It should be recalled that the 50 riel note disappeared from the markets last March,

immediately after the funeral of its' twin brother, the big 50, and after their ancestors,

the 20s, the 10s and the fives, which went missing in action during the pre-election

civil war.

Simultaneously, with the announcement of the reintroduction of the small 50s, the

government began inserting a couple into the pay-packets of state employees.

However, shop-keepers are still reluctant to accept them.

In fact, the government has taken several steps to try and save the country's economy.

It ordered traders to put price tags on their goods, but this did not work.

Speaking about the price of things, I can barely retain my anger and jealousy.

If the dollar continues to drop while the goods stay-unjustly-at the same price,

I may have to get a riel job.

0

Comments

Please, login or register to post a comment

Latest Video

Khmer New Year games: it’s never too late to try them out

Even though games such as “Fight for the leaf” or “Hide the towel” are traditionally played during the Khmer New Year holidays

Khmer New Year getaway: Ghost Island

One of 23 islands in the sea of Koh Kong, Koh Kmoch (Ghost Island) has a wealth of corals and other sealife visible through its crystal clear water.

ACLEDA’s boss on how tech is changing financial services

In today’s world of fast-changing technology, Cambodia is seeing increasing innovation in financial services.