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This aimed not only to reduce dependency on smaller denominations of foreign currency but also to boost demand for the riel, which had been struggling with depreciation. The Ugandan Shilling ...

the Cambodian Central Bank Digital Currency, could promote cross-border QR payments, which would increase the use of the Cambodian Riel (KHR). Interviewed at the Nikkei’s Future of Asia event in ...

In an interview, Serey highlighted that this move is part of a strategy to encourage the use of the local currency, riel, in an economy where more than 80% of transactions are conducted in U.S ...