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Cambodians had already lost faith in their domestic currency, the riel, when the riel and economic institutions like banks were abolished during the Khmer Rouge regime, well known for the Cambodia ...

The app, called BAKONG, works with VISA cards, letting visitors transfer money from their accounts to the app. Payments can then be made by scanning QR codes at shops and other locations. Chea Serey, ...

The challenge of promoting the use of the riel is not just one of monetary policy. It also touches on questions of Cambodian national identity.