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Currencies

Cambodia aims to wean off US dollar dependence with digital currency

Southeast Asian country's 'Bakong' users grow amid COVID-driven digital shift

Chea Serey, director general of the National Bank of Cambodia, speaks at the launch event of the central bank's "Bakong" digital currency, in Phnom Penh, Cambodia, in October, 2020.   © Kyodo

TOKYO -- Central banks across the world are rushing to develop their own digital currencies in a bid to provide safe and convenient payment systems as digitalization rapidly expands to many segments of the economy.

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