1. Effects of Dollarization on the World Economy
... to further financial system properly. Immediately after they conquered the capital city, the National Bank of Cambodia's headquarters was bombed to the ground[ImT07]. After the Pol Pot regime disappeared in 1979, commercial transactions were conducted strongly in the form of barter, or using goods and services to exchange with other goods and services in the economy ... dollarization and increased amount of foreign currency in circulation. 4.3. Advantages of Dollarization in Cambodia's Economy Given the lack of public confidence in the riel, dollarization has helped in maintaining paymen...
- Word Count: 3668
- Approx Pages: 15
- Has Bibliography
- Grade Level: Undergraduate