Cambodia seeking dollar independence with digital technology

Central bank chief says young population contributing to digitalization

20250929 Chea Serey 1

Cambodian National Bank Governor Chea Serey envisions a long-term multipolar system focused on national currencies.

YUMIKO OSHIMA

TOKYO -- With 40 years having passed since the 1985 Plaza Accord, the Cambodian riel currency has fought back from the brink of being weeded out by the domestic dominance of the U.S. dollar amid the Southeast Asian country's delayed development blamed on oppression by the dictatorial Pol Pot regime and civil war.

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