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1 and 1980 began to circulate on March 20th. While retaining the currencies of neighboring socialist countries, these currencies are unsigned, depicting the rural scenery of Cambodia. Together with the currency issued by 1987, it was used until the early 1990 s, and the serious economic crisis made the small denomination currency abandoned.
2. The impact of RMB depreciation
(1) Advantages If the local currency depreciates, the purchasing power of foreign currency will be strong, so that a certain amount of foreign currency can buy more domestic products, which means that domestic products are relatively cheap in the international market, thus increasing exports; On the other hand, if the local currency depreciates, the price of foreign goods will be expensive, so domestic imports will inevitably decrease. Therefore, the result of RMB depreciation is to expand exports, curb imports, increase trade surplus and promote economic development.
(2) Disadvantages: 1. The depreciation of the local currency will cause trade friction, which is extremely unfavorable to the national economic stability. 2. Devaluation will not solve the problem of slowing external demand. Although depreciation will help export enterprises survive by reducing costs, it is difficult to last. Especially for industries that have lost competitiveness in China, depreciation will only delay the withdrawal of industries.
3. Cambodia, the Kingdom of Cambodia, is located in Indochina Peninsula, bordering Thailand in the west and northwest, Laos in the northeast, Vietnam in the east and southeast, and the Gulf of Thailand (formerly known as the Gulf of Siam) in the south. Cambodia is a dish-shaped basin surrounded by mountains on three sides and a vast and rich plain in the middle, accounting for more than three quarters of the country's area. There are Mekong River and Tonle Sap Lake, the largest freshwater lake in Southeast Asia, and the capital Phnom Penh. Cambodia has a population of about160,000, with Khmer accounting for 80% of the total population and overseas Chinese accounting for about 165438+ 10,000. The official language is Cambodian (also known as Khmer).
4. Cambodia is an ancient civilization with a long history, and a unified kingdom was established as early as 1 century. Cambodia has experienced a long war since 1970s. From 65438 to 0993, with the establishment of national authority and the realization of national reconciliation, Cambodia entered a new period of peace and development.
Cambodia is a member of the Association of Southeast Asian Nations (ASEAN). Its economy is dominated by agriculture and its industrial base is weak. On July 65, 1965, 438+0, in 2006, the World Bank announced that Cambodia officially broke away from the least developed countries and became a low-and middle-income country.