2min chapter

The Bridge to China cover image

Why are there more countries trading in currencies other than the dollar now?

The Bridge to China

CHAPTER

China's De-Dollarization of the Internal Economy

Cambodia is trying to de-dollarize, but in a totally different way than other economies. Cambodia actually has been using the US dollar in place of its own currency for local transactions. So if you go visit, like go for a trip in Cambodia, you can still just bring dollars and you don't even have to go to the bank to exchange it. And also, I want to come back to the fact that according to historical trends, all major dominant currencies, when bust at the end, it's just natural occurrence.

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