For ages, the Khmer people had exchanged products, swapping their rice, corn and beans with fish, cows, buffalo or even pieces of farmland and houses. Interestingly enough, the archaeological evidence
Seigniorage is the difference between the face value of money and the codst of produce it. For example, a 10,000 riel banknote cost the NBC 300 riels to produce, but
The Cambodian government approved a draft budget bill of 32,576.9 trillion riels (approximately $8.013 billion) for its expenditure for 2022, with national revenue set at 23,462.6 trillion riels (approximately $5.771
Cambodia’s Angkor era may tell us something critical about the power of a monetary system. At its height between the 9th and 15th centuries, Angkor is thought to have been
