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This South Asian Nation Wants to Wean Off US Dollar Dependence With its CBDC?

South Asian nation Cambodia is looking to replace the use of the US dollar, starting with its “Bakong”, central bank digital currency. The bet on CBDCs in Cambodia was made in lieu to later adopt the use of its own currency, the Riel in the country, and gradually shift away from the use of the

South Asian nation Cambodia is looking to replace the use of the US dollar, starting with its “Bakong”, central bank digital currency. The bet on CBDCs in Cambodia was made in lieu to later adopt the use of its own currency, the Riel in the country, and gradually shift away from the use of the