PHNOM PENH, 14 November 2012 (Cambodia Herald) - Prime Minister Hun Sen said Wednesday
that the government would intervene to stem the riel's sharp rise
against the dollar in recent days.
"The Cambodian riel has been rising for several days," he told a land-distributiom ceremony in Oral district in Kampong Speu province, blaming strong demand for the local currency.
"The dollar was quoted at 3,888 riel in some markets yesterday but we want our currency around 4,000 riel," the prime minister said.
"The Cambodian riel has been rising for several days," he told a land-distributiom ceremony in Oral district in Kampong Speu province, blaming strong demand for the local currency.
"The dollar was quoted at 3,888 riel in some markets yesterday but we want our currency around 4,000 riel," the prime minister said.
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