is riel a real currency ?

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juansweetpotato
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Re: is riel a real currency ?

Post by juansweetpotato »

Banshee Cyclops wrote:
eriksank wrote:Even then, Cambodia faces a higher risk, because unlike Thailand, they are not conducting business in their own currency. If they suddenly needed billions of US dollars to stay afloat, there is simply nobody who will supply them the dollars.
yes, there is.

Other countries have a stake in Cambo's friendship:
China for economic and foreign policy reasons.
USA for foreign policy reasons, although it will probably lose out to China.
Korea for economic reasons.
The Asian Development Bank will not want to see Cambo go under.

I would bet on China which has always been a friend, and China has huge reserves in dollars.
Would it be possible that China may welcome such a situation so as to part bailout Cambodia with Yuan?
"Can you spare some cutter for an old man?"
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TheGrinchSR
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Re: is riel a real currency ?

Post by TheGrinchSR »

Umm... I'm being misquoted above. I didn't say that. [Admin edit: Fixed]

As for China, China doesn't give a shit about Cambodia - it remains a sideshow for them as it did for the Americans. They won't bail Cambodia out if it collapses - the ensuing chaos will benefit China as much as the status quo (Cambodia acting as a spoiler in ASEAN).
"If you want a vision of the future, imagine a boot stamping on a human face - forever." - George Orwell
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