King Sihamony of Kingdom of CambodiaCourtesy of Vutha News at http://vuthanews.info/
National Bank of Cambodia (NBC) officially circulated new 20,000 banknote on Monday to congratulate the King’s birthday during 13-15 May, by bearing the portrait of The King Norodom Sihamoni.
Speaking at the pagoda inauguration on May 09 in Kandal province, he said that the circulation of new notes does not mean that the old 20,000 banknote will be abandoned. He added that the new to be released is to celebrate the 56th birthday of King Norodom Sihamoni, turning 55 on Wednesday.
“We requested for the retired King to examine the image in order to avoid confusion that we were trying to promote the son and were forgetting the father,” Hun Sen was quoted from The Cambodia Daily as saying.
Hun Sen said that “we are gradually increasing the riel in circulation, as about 700,000 people receive their salaries in dollars. If [we] make the riel note rise too much, these people could meet difficulties. Therefore, we must have a measured monetary policy,” reported The Mekong Times.
Last year, new 2,000 banknote was circulated in 2007 by NBC, bearing an image of Preah Vihear temple.
Norodom Ranariddh party spokesman Muth Chantha said that “it is not a good intention, it is a political intention to gain political benefits,” he added that “it is very coincidental that it comes during the election campaign,” reported the Cambodia Daily.
National Bank of Cambodia (NBC) officially circulated new 20,000 banknote on Monday to congratulate the King’s birthday during 13-15 May, by bearing the portrait of The King Norodom Sihamoni.
Speaking at the pagoda inauguration on May 09 in Kandal province, he said that the circulation of new notes does not mean that the old 20,000 banknote will be abandoned. He added that the new to be released is to celebrate the 56th birthday of King Norodom Sihamoni, turning 55 on Wednesday.
“We requested for the retired King to examine the image in order to avoid confusion that we were trying to promote the son and were forgetting the father,” Hun Sen was quoted from The Cambodia Daily as saying.
Hun Sen said that “we are gradually increasing the riel in circulation, as about 700,000 people receive their salaries in dollars. If [we] make the riel note rise too much, these people could meet difficulties. Therefore, we must have a measured monetary policy,” reported The Mekong Times.
Last year, new 2,000 banknote was circulated in 2007 by NBC, bearing an image of Preah Vihear temple.
Norodom Ranariddh party spokesman Muth Chantha said that “it is not a good intention, it is a political intention to gain political benefits,” he added that “it is very coincidental that it comes during the election campaign,” reported the Cambodia Daily.
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