Albror wrote: ↑Fri Sep 29, 2023 4:37 pm

Alex wrote: ↑Fri Sep 29, 2023 4:02 pm

Nona wrote: ↑Fri Sep 29, 2023 3:22 pm

Alex wrote: ↑Wed Sep 27, 2023 12:43 pm I'm not an economist, but I guess the strong dollar will become a major headache for Cambodia.

The value of dollar was originally due to its gold standard, after which the entire oil market was done in dollars, but now even European countries buying oil in RMB and BRICS already released a international remittance system for trading in their respective currencies, the dollar has only one direction, down.

And yet, it has been quite strong recently, let's say against CNY and THB. Whatever the longterm prospects of the USD may be, this will now become a problem for Cambodia.

Cambodia export allot to the US so they should benefit from it as a stronger dollar makes it even cheaper to import products from Cambodia vs domestic production.

The downside is that imports paid for with usd will be more expensive at the same time but i dont know how much Cambodia imports with the payment in usd or what impact that would have. But most products are from Thailand and Vietnam i believe? How much does this impact the KHR/THB/VND rate?

Nona wrote: ↑Fri Sep 29, 2023 3:22 pm

Alex wrote: ↑Wed Sep 27, 2023 12:43 pm I'm not an economist, but I guess the strong dollar will become a major headache for Cambodia.

The value of dollar was originally due to its gold standard, after which the entire oil market was done in dollars, but now even European countries buying oil in RMB and BRICS already released a international remittance system for trading in their respective currencies, the dollar has only one direction, down.

Reckless lending policy and regulations(as most regulators mysteriously gets hired by the banks they were supposed to regulate) and fines and penalties being only a fraction of the profit gained on illegal manipulation of markets, is not helping the situation. Despite the US government is entitled to the profit(but not dividend) of the federal reserve, it's still owned by other banks. So the same criminals who manipulate the market in their favour and bribes the regulators with 7 figure employment deals, are the same who decide how much interest you pay on your mortgage, and. A few years ago anyone I'm the US could get a mortgage with no cash saved up, and interest rates where 1.5%. Now the same banks decide you have to pay them 5%, and they hope you can't, because it's really your house they are after.

In any normal country the financial regulations are done by the government to ensure a stable market, not by the private sector who seeks to make profit on unstable markets. To believe the US government has any control is foolish, they have since long been serving only the banking and military industry eg. Ukraine, private banks creating debt out of thing air, which mostly goes to the military industry. What the taxpayers get is the responsibility to pay this debt.

Nona wrote: ↑Fri Sep 29, 2023 3:22 pm

Alex wrote: ↑Wed Sep 27, 2023 12:43 pm I'm not an economist, but I guess the strong dollar will become a major headache for Cambodia.

The value of dollar was originally due to its gold standard, after which the entire oil market was done in dollars, but now even European countries buying oil in RMB and BRICS already released a international remittance system for trading in their respective currencies, the dollar has only one direction, down.

Reckless lending policy and regulations(as most regulators mysteriously gets hired by the banks they were supposed to regulate) and fines and penalties being only a fraction of the profit gained on illegal manipulation of markets, is not helping the situation. Despite the US government is entitled to the profit(but not dividend) of the federal reserve, it's still owned by other banks. So the same criminals who manipulate the market in their favour and bribes the regulators with 7 figure employment deals, are the same who decide how much interest you pay on your mortgage, and. A few years ago anyone I'm the US could get a mortgage with no cash saved up, and interest rates where 1.5%. Now the same banks decide you have to pay them 5%, and they hope you can't, because it's really your house they are after.

In any normal country the financial regulations are done by the government to ensure a stable market, not by the private sector who seeks to make profit on unstable markets. To believe the US government has any control is foolish, they have since long been serving only the banking and military industry eg. Ukraine, private banks creating debt out of thing air, which mostly goes to the military industry. What the taxpayers get is the responsibility to pay this debt.

Nona wrote: ↑Fri Sep 29, 2023 3:22 pm

Alex wrote: ↑Wed Sep 27, 2023 12:43 pm I'm not an economist, but I guess the strong dollar will become a major headache for Cambodia.

The value of dollar was originally due to its gold standard, after which the entire oil market was done in dollars, but now even European countries buying oil in RMB and BRICS already released a international remittance system for trading in their respective currencies, the dollar has only one direction, down.

Roryborealis wrote: ↑Sat Oct 07, 2023 4:30 am Selling those dollars reduces the amount of riel in circulation, but that reduction doesn't seem nearly as significant as the trade/export implications. Just another moving part.