Cambodia, China to trade rice in local currencies

The Cambodia Rice Federation (CRF) and the National Bank of Cambodia (NBC) discussed ways to use the riel and the Chinese yuan in rice exports between China and Cambodia, Khmer Times newspaper reported on June 18.

The CRF also discussed with the representative of the NBC to promote the local currency for domestic consumption and transactions, Khmer Times quoted CRF vice president Chan Sokheang as saying.

He said all the transactions with the rice millers and farmers will use riel.

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