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

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.

MOST VIEWED

  • Two luxury hotels latest quarantine options for inbound travellers

    The Inter-Ministerial Committee to Combat Covid-19 has designated two luxury hotels as alternative quarantine options for travellers who wish to enter Cambodia through Phnom Penh International Airport – Sokha Phnom Penh Hotel & Residence and the Courtyard by Marriott Phnom Penh. In a notice detailing guidelines issued

  • Visa A holders get to quarantine at Himawari Hotel

    The Ministry of Health has permitted foreign diplomats, UN and International NGO officials to undergo quarantine at Himawari Hotel in the capital in case they do not have a separate place suitable for this purpose, but the government would not be responsible for the expenses.

  • Baby saved as mother is lost to Covid

    Newborn baby Neth David has had a rough start in the world. His mother, Vong Daneth, was seven months pregnant when she contracted a severe case of Covid-19. When it became clear to her doctors that she would not survive, they performed a cesarean section

  • Jabs for kids bring hope for school reopenings

    Cambodia is tentatively planning to reopen schools – at least at the secondary level – when the vaccination of children aged 12-17 is completed, even though daily transmissions and deaths in other age groups remain high. Schools across the country have been suspended since March 20, one month

  • Hun Sen: Get 12-17 age group ready for Covid jabs

    Prime Minister Hun Sen has told parents of children aged 12-17 in Phnom Penh and the provinces of Kandal and Preah Sihanouk to get them ready for vaccinations soon. “There is a need to vaccinate children and youths aged 12 to 17. According to the statistics provided

  • Covid rattles Phnom Penh’s retail landscape through H1

    The Covid-19 pandemic has rocked the retail landscape in Phnom Penh, with anxiety around infection risk keeping the masses away from shopping malls and driving retail consumption down by nearly five per cent in the first half of this year, compared to July-December 2020, according to