Inspired from the 20k riel notes, Socheata got an idea to print the notes on fabric and using Japanese styling. Socheata said, the colour of each outfit is based on Cambodian’s favourite which inspired from natural colour of the sun that about to set.
In Cambodia, one buys drinks or snacks from vending machines that use banknotes rather than coins. Coins are not in use in Cambodia’s modern economy, but it was not always like that.
Zimbabwe to introduce a new currency in the next 12 months.
For the past decade, China’s strategy for internationalising the renminbi has involved greater reliance on the IMF’s Special Drawing Rights as an alternative international reserve currency.
Bitcoin celebrates 10 years since Nakamoto released the idea of online currency.
The Chinese yuan is being used more extensively in dealings between Cambodian and Chinese firms to the detriment of the United States dollar, according to the Cambodian Central Bank.
Venezuela slashes five zeros from prices, an economic plan to tame hyperinflation.
Iran plans to offer price and tax incentives to private investors.
Venezuela has remove five zeroes from the country’s currency – two more than originally planned – amid hyperinflation the IMF said could reach one million percent this year.
Growth in the eurozone slowes in the first quarter this year, data shows
The National Bank of Cambodia on March 20 hosted an event, at the Cambodia Korea Cooperation Center (CKCC), to celebrate the 38th anniversary of the re-introduction of the riel.
Britain’s old one-pound coin is being phased out completely but businesses complain they have been given too little time to switch.
Italy’s main opposition parties are replacing their calls to leave the euro with less radical proposals to flank it with a new currency.
India’s stronger currency is becoming a threat for its growth aspirations, piling pressure on the central bank.
The Philippine government says the country’s strong economy and attractiveness for investors will bolster the currency.
The strength of the baht, which leapfrogged the Korean won to perfom against the US dollar, will be short-lived.
The year’s best performing currency against the dollar could retreat from shrinking interest-rates and weighty bets on the single currency.