discuss how since we have a pegged currency are we affected,

shouldnt our economy shrink like US since our currency is pegged?

Hong Kong is very much pegged, China is very much pegged,
they don't seems to worry that much.

^^ but then you have to considered that hk dollar is sorta backed by the renminbi, i think officially renminbi cant be traded with other currencies because its not floated or some government policy so it can only be be traded via hk dollar,

there are other countries that are pegged to the US and suffered from that such as those in the pacific ocean, luckily Canada was smart and didnt pegged the currency

there are other countries that are pegged to the US and suffered from that such as those in the pacific ocean, luckily Canada was smart and didnt pegged the currency

Canada was suffering before when the US economy still strong. Lucky now, but maybe not. The high ratio of exchange rate in the long run would affect Canadian economy too. We use to produce cheap and export to the States. Now, producers and exporters don't make much money anymore. However, they can buy cheaper equipments to upgrade their facilities. But, for people who don't depend on exports, they enjoy the high Canadian dollars.

the singapore dollar seems to appreciate too much against the us dollar

does anyone know why the singapore dollar is so expensive these days

I think one of reason is US dollar becomes less valuable.

Not only in Singapore, most of our South Asian currencies are expensive these days ...

i think we should trade directly with the renminbi,

^^ actually i think there was a news that said cambodia is ready to trade directly with the renminbi

1 USD = 3985.00 KHR

http://www.phnompenh.gov.kh/kh/news---3921.html

that means if cambodian are giving 4000:1 then are ripped off 15khr thats not good, its sign for currency independence

We got rip off all the time, since the smallest note is 100riel, as a consumer, we are making average of 50riel lost in every transaction.

I remember a few years ago, there was a flood of brand new orange 50 riel for a couple of days, they all disappear now.

some shop still use $1 = 4100 riel rate.

Not sure if I saw this at Burger King or Daily Queen (or both) yesterday.

^^ i happen to have an orange 50 riel

I like to keep strange notes, I had a handful of changes in Lucky Supermarket, my wife grab the whole lot, thinking it has no value, and put it all in the charity bucket (btw: the bucket is full of orange 50 riels back then), at the time, I don't care as I think if Cambodia release it, I will receive it again the next day, I was wrong. I have never see it again.

http://banknoteworld.com/image_banknote.php?t=CambodiaPNew-50Riels-2002-donatedsrb_f&s=1000

http://banknoteworld.com/image_banknote.php?t=CambodiaPNew-50Riels-2002-donatedsrb_b&s=1000