{"id":1104,"date":"2024-03-29T14:25:44","date_gmt":"2024-03-29T06:25:44","guid":{"rendered":"https:\/\/www.rice4life.sg\/bulletin\/?p=1104"},"modified":"2024-03-29T14:25:44","modified_gmt":"2024-03-29T06:25:44","slug":"riel-time","status":"publish","type":"post","link":"http:\/\/www.rice4life.sg\/bulletin\/news-updates\/riel-time\/","title":{"rendered":"Riel Time"},"content":{"rendered":"\n<p>Economists, merchants and the National Bank have wanted to&nbsp;de-dollarize Cambodia&nbsp;for years. The global pandemic might have done the trick.&nbsp;<br><br>The health crisis supercharged the Kingdom\u2019s move to digital payments and cashless transactions, and the numbers are staggering: A record&nbsp;$76 billion in online payments&nbsp;was made last year over about 600 million transactions.&nbsp;<br><br>Payments in riel surged 44%, while dollar exchanges grew 3%. Withdrawals from ATMs, spurred by&nbsp;the move&nbsp;to online payments and the National Bank\u2019s efforts to remove $1 and $5 bills from circulation,&nbsp;plunged&nbsp;nearly 35%.&nbsp;<br><br>As much as 75% of&nbsp;cash ATM withdrawals&nbsp;now occur in the local currency.<br><br>Source: Cambodia Daily Weekly Dispatch<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economists, merchants and the National Bank have wanted to&nbsp;de-dollarize Cambodia&nbsp;for years. The global pandemic might have done the trick.&nbsp; The health crisis supercharged the Kingdom\u2019s move to digital payments and cashless transactions, and the numbers are staggering: A record&nbsp;$76 billion&hellip;<\/p>\n<p class=\"more-link-p\"><a class=\"more-link\" href=\"http:\/\/www.rice4life.sg\/bulletin\/news-updates\/riel-time\/\">Read more &rarr;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/posts\/1104"}],"collection":[{"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/comments?post=1104"}],"version-history":[{"count":2,"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/posts\/1104\/revisions"}],"predecessor-version":[{"id":1108,"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/posts\/1104\/revisions\/1108"}],"wp:attachment":[{"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/media?parent=1104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/categories?post=1104"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/tags?post=1104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}