Since Cambodia is basically a dollarized economy, the National Bank of Cambodia has only limited influence
|Exchange rates: Cambodia|
|new riels per US$1|
|SOURCE: CIA World Factbook 2001 [ONLINE].|
with respect to monetary policy . Given the strength of the dollar and, thus, Cambodia's relative immunity to currency devaluation problems, the country has done well in avoiding inflation , which was virtually nil in 2000, 4 percent in 1999, and only 12 percent in 1998, despite the Asian economic crisis. In fact, inflation has been extremely low since 1994.