Inflation in Cambodia.

[Kampuchia Crumbs]

Just curious about Inflation in Cambodia. Becoming a concern here in the US, and since the Cambodia currency is tied to the dollar (???) has it had much of an impact there.

Prices rising drastically / item sizes reduced?

Do you think there is any chance they will decouple from the almighty (not so much allmighty anymore) DOLLAR?

As side notes, will inflation also cause OIL to be decoupled from the dollar? What will be the reserve currency in the future? CRYPTO????

What say's ye all.....

[nerdlinger]

since the Cambodia currency is tied to the dollar (???)

Is it?

[ofparadise]

Just curious about Inflation in Cambodia. Becoming a concern here in the US, and since the Cambodia currency is tied to the dollar (???) has it had much of an impact there.

Prices rising drastically / item sizes reduced?

Do you think there is any chance they will decouple from the almighty (not so much allmighty anymore) DOLLAR?

As side notes, will inflation also cause OIL to be decoupled from the dollar? What will be the reserve currency in the future? CRYPTO????

What say's ye all.....

It's not. Not sure where you got that information.

KHR is a free float currency. And usd is just commonly accepted as legal tender by merchants.

Similar to how you can use Brunei currency in Singapore.

[Kampuchia Crumbs]

Just curious about Inflation in Cambodia. Becoming a concern here in the US, and since the Cambodia currency is tied to the dollar (???) has it had much of an impact there.

Prices rising drastically / item sizes reduced?

Do you think there is any chance they will decouple from the almighty (not so much allmighty anymore) DOLLAR?

As side notes, will inflation also cause OIL to be decoupled from the dollar? What will be the reserve currency in the future? CRYPTO????

What say's ye all.....

It's not. Not sure where you got that information.

KHR is a free float currency. And usd is just commonly accepted as legal tender by merchants.

Similar to how you can use Brunei currency in Singapore.

Uh oh..... I heard it verbally at one time, and assumed it to true since it always traded at 4000 to 4100 as long as I have known. Duh on me Does anyone know when it last traded outside this range?

As a side note. When travelling there I would stay 3 weeks to 2 months, always felt strange when leaving and having to use coins as change again. Found that I liked not having to have coins a nice thing.

[Kampuchia Crumbs]

since the Cambodia currency is tied to the dollar (???)

Is it?

Bad info on my part, sorry. It will be interesting to see how the exchange rate goes forward as the US politicians keep acting like drunks in a liquor store when it comes to spending.

[ofparadise]

Uh oh..... I heard it verbally at one time, and assumed it to true since it always traded at 4000 to 4100 as long as I have known. Duh on me Does anyone know when it last traded outside this range?

The National Bank of Cambodia's Official Exchange Rate Determination Committee monitors the exchange rate and intervenes when needed. You can check the website for more details https://www.nbc.org.kh/

[armchairlawyer]

For a long time now, the exchange rate has been maintained at 4,050 to $1 using the managed exchange rate regime that is neither fixed nor completely floated.

Quoted from a good article in the PP Post.
https://www.phnompenhpost.com/special-r ... larisation

[nerdlinger]

Uh oh..... I heard it verbally at one time, and assumed it to true since it always traded at 4000 to 4100 as long as I have known. Duh on me Does anyone know when it last traded outside this range?

The only data point I have is Gilbert’s “Cambodian for Beginners” (2008), which suggests a rate of 3800 riel to the dollar.

[Kammekor]

Just curious about Inflation in Cambodia. Becoming a concern here in the US, and since the Cambodia currency is tied to the dollar (???) has it had much of an impact there.

Prices rising drastically / item sizes reduced?

Do you think there is any chance they will decouple from the almighty (not so much allmighty anymore) DOLLAR?

As side notes, will inflation also cause OIL to be decoupled from the dollar? What will be the reserve currency in the future? CRYPTO????

What say's ye all.....

Yes, prices are up in Cambodia, no doubt. Especially food is getting more and more expensive, but fuel also went up about 20% over the last weeks.

Don't believe any crypto will be the next world reserve currency, there's no way in hell any government will accept a reserve currency they have no control over. My guess is after the Dollar falls (in the next decade?) it will be either some SDR from the IMF, the EURO of the RMB. In order of likelihood, at least as I perceive it.

I am trying to move away from money because no matter how this will end, it will end in tears for those with money to spare. Better move into any asset central banks / governments can not print. Avoid going full into crypto. When crypto's take a serious dive the exchanges go down for hours, when shit really hits the fan you will probably have no access to you crypto (instantly, maybe for days). Keep a mix of assets including crypto and some cash. Money in your bank can be gone overnight when governments want, some gold or crisp 100$ notes can't. Also houses or other real estate will survive whatever is ahead of us. You might also consider keeping Swiss Francs or Norwegian Crowns as opposed to EUR and USD. I am seriously considering buying some.

[Kammekor]

Just curious about Inflation in Cambodia. Becoming a concern here in the US, and since the Cambodia currency is tied to the dollar (???) has it had much of an impact there.

Prices rising drastically / item sizes reduced?

Do you think there is any chance they will decouple from the almighty (not so much allmighty anymore) DOLLAR?

As side notes, will inflation also cause OIL to be decoupled from the dollar? What will be the reserve currency in the future? CRYPTO????

What say's ye all.....

It's not. Not sure where you got that information.

KHR is a free float currency. And usd is just commonly accepted as legal tender by merchants.

Similar to how you can use Brunei currency in Singapore.

Free floating currencies of developing countries like Cambodia don't change just 7.5% to the dollar during a decade. It's a manipulated market.