Causes of NBC printing paper more new Riel

National Bank of Cambodia Paper printed a series of new Riel . Printing more money Can provide bad for economy Because of the amount of money circulating on the market Or the print server to a group of politicians . But National Bank officials claim that the new print paper money to replace the damaged old paper money And does not affect the currency value depreciates .
 
 
Payment means trade And support economic activity Currency . Currency but prices can rise or drop due to two main factors Traffic is the amount of money on the market And consumer confidence . Printing too much money May affect the value of money or money swelling will make printing money Especially the National Bank can not use monetary policy Cash to manage traffic on the market .
The loss effectively use monetary policy Loss can benefit from the printed paper Riel And can make use of the U.S. dollar more .
Economic experts claim The print paper money in a new Caused by a few important purposes such as printing to pay And fill the damaged old paper Print or add to economic growth And actual consumer demand . Alternatively, Printing more money Is for less money collected .
government And National Bank of Cambodia Printing paper money three times during 2013 . First time the National Bank of Cambodia Printed And traffic type , paper type 1 billion USD in February 2013 . Second printing paper 1 Sen riel Birthday King Norodom Sihamoni in May 2013 . printing and last in November Paper is $ 2 billion USD .The new print paper money repeatedly Could affect the currency value that traffic on the market Because of the amount of money that has been printed , not been made ​​public yet . Nevertheless Monetary sector stakeholders observed that Currency rates versus the U.S. dollar Have not changed .
Exchange owner Hour Shanghai Lim claimed that its exchange rate against the U.S. dollar Stable 4 thousand dollars : « Not very cheap Because it 4 billion , 50 or 70 but now down 4 remaining 3,990 riel since 5 years and is National Perhaps he survey Know how It will cost a lot of it up .
Shanghai Lim said In general, those who have the need for paper money 10 thousand riel is for paying taxes , utilities , or to transfer funds to the provinces Home . Alternatively, Currency prices Is at the farm during harvest .
In addition, The head of MFI And chief executive of MFI Dr. Bun Mony observed The paper printed the new Riel To complement deficit paper Riel : I think that as a matter of printing more money It is complementary to change old money new money matters alone I understand . But not published That the additional Or a change Old money because it is torn burnt And instead of new paper money . It is normal to change paper money Because our paper quality is not so good .
Dr. Bun Mony said , adding that When new money into circulation on the market The value of money is not cheap . Its exchange rate against the U.S. dollar At the same rate 4 billion USD today . Continue publishing Riel Not related to politics .
However, National Bank officials claim that every year National Bank has printed more money with high quality according to economic growth , which means that when economic higher growth More business activities that the demand for the currency rise .
Report of the National Bank of Cambodia Showed National Bank measures that can manage the exchange rate to stabilize riel . Measures to promote Riel including tax collection Riel Allow MFIs And some banks Riel may withdraw at e.thi. M. (ATM) .
According to estimates by the International Monetary Fund (IMF) Showed The Cambodian Riel Rose at present A rate of around 20 % compared with the total amount of foreign money circulating in the economy .