By Sam Rainsy
November 11, 2011
The economic situation in Cambodia is artificial, fragile and explosive based on the following facts (from F1 to F7):
F1 : A dollarized economy. The country’s money supply is composed of US Dollars for up to 95% and Riels for only 5%. The exchange rate (1 US Dollar = around 4,000 Riels) is totally artificial, being easily manipulated given the respective amounts of Riels and Dollars in circulation. Because it is pegged to the Dollar, the Riel is overvalued compared to the currencies of our neighbouring countries and commercial partners after taking into account the differences in inflation rate in the different countries (caution: official statistics in Cambodia are manipulated for political reasons). The dollarized economy and the overvalued Riel contribute to a loss of competitivity for Cambodia’s economy which in turn contributes to a huge trade deficit and a large unemployment.
November 11, 2011
The economic situation in Cambodia is artificial, fragile and explosive based on the following facts (from F1 to F7):
F1 : A dollarized economy. The country’s money supply is composed of US Dollars for up to 95% and Riels for only 5%. The exchange rate (1 US Dollar = around 4,000 Riels) is totally artificial, being easily manipulated given the respective amounts of Riels and Dollars in circulation. Because it is pegged to the Dollar, the Riel is overvalued compared to the currencies of our neighbouring countries and commercial partners after taking into account the differences in inflation rate in the different countries (caution: official statistics in Cambodia are manipulated for political reasons). The dollarized economy and the overvalued Riel contribute to a loss of competitivity for Cambodia’s economy which in turn contributes to a huge trade deficit and a large unemployment.
3 comments:
Decho Hun Sen, Mr Sam Rainsy asked you to sue him at a French court about your murders of the Khmer people. Why don't you dare to do it as you have done at the Cambodian court?
Being a strong man as well as a Prime Minister of one country, you should not be coward to face the real justice at a French court or International court. Unless, you are the real murderer in Cambodia that is the reason why you fear Mr Sam Rainsy at a real and fair justice court.
Decho Hun Sen, you rubbed the Cambodian people's well being, health care, dignity and sell Cambodia out to Vietnam in a cheap price as long as you can stay in power. Isn't that true, Samdach Decho Hun Sen?
How many Cambodian people's lives have you killed in your lifetime so far? Can you be honest to tell the truth?
As one Prime Minister of one country, you job is to bully your own people for just talking about Paris Peace agreement 1991 and about Vietnam's encroachments into Cambodia's territory. Why?
Samdach Decho Hun Sen, Why are you so scared of the truth? Why are you so scared of Mr Sam Rainsy when he asked you to sue him at a French court? You are a strong man as you claimed on the TV screen?
Samdach Decho Hun Sen, you shouldn't be scared of Mr Sam Rainsy because Mr Sam Rainsy has no weapon of mass destruction as you do. You are the murderer; you must be strong to face Mr Sam Rainsy at a French court as Mr Sam Rainsy has invited you to do so.
Samdach Decho billion dollars Hun Sen, Please face Mr Sam Rainsy as Mr Sam Rainsy has invited you through the world media. You used to win on Mr Sam Rainsy many times in a Cambodian court of justice. There is no reason why you should be worred about...if you have never killed anyone in Cambodia. Isn’t it true, Decho Sen?
The Cambodian people hope to see Samdach Decho Hun Sen has the gut as a leader or a man to sue Mr Sam Rainsy at a French court as Mr Sam Rainsy has invited Samdach Decho many times through Radio and world media.
Be a man Decho Sen! One in your life be a man Decho Sen! Be a man to face Mr Sam Rainsy at France court and international court.
We are personal bodyguards of Samdach Decho would like to see Decho Hun Sen be a man with Mr Sam Rainsy at a French Court. Otherwise, Samdach Decho is not worthy to protect because why do we have to die for protecting a traitor, a murderer, a blood sucker. Isn’t it true, Samdach Decho Hun Sen? Do you agree with that?
That is really good question. Why borrow more money while you reported the GDP growith again this year and Cambodian economic booming. Where is the money?
Where are the real money ? Is it in Hun Sen and his familes pockets?
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