ABSTRACT
It has been more than two decades since Cambodia achieved macroeconomic and financial stability, which is a precondition to boost the use of the local currency, the Khmer Riel. However, although the use of the Riel has gradually increased, the level of dollarization remains high at the aggregated level. The aim of this chapter is to summarize the key strategies required to further promote the use of Riel based on a discussion of the results presented in the previous chapters. A combination of all policies, including fiscal, monetary, macro and micro-prudential, financial market development, payment system development, and other supportive policies, is required. In this sense, a national strategy dedicated to promoting the use of the Riel should be established to allow for consistency in the implementation of all policies, and to easily monitor its progress.
