KHMER REPUBLIC: GOVERNMNET INTRCOUSES ??? ECNONTC ??? AND ??? ??? DEVELUATION OF ???

Record ID: 574582

  • Title: KHMER REPUBLIC: GOVERNMNET INTRCOUSES ??? ECNONTC ??? AND ??? ??? DEVELUATION OF ???
  • Date: 20th September 1974
  • Summary: 1. GV exterior Cantral bank 0.05 2. CU exchangerate quotation 0.06 3. MV man looking at exchange rato 0.15 4. GV & MV intorior shot of bank clerks counting money (4 shots) 0.32 5. GV food ondisplay 0.35 6. CU can food (3 shots) 0.40 7. GV ???ruit marpet 0.46 8. CU & MV cigarettes 0.51 9. MV people eating rice 0.58 10. GV taxis on street (2 shots) 1.09 11. MV man paying money to driver 1.14 12. GV tricyls on street 1.22 13. GV soldiers checking cars (2 shots) 1.28 14. GV traffic light 1.29 15. MV treffic police 1.36 Initials Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 5th October 1974 13:00
  • Keywords:
  • Location: PHNOM PENH, KHMER REPUBLIC
  • Country: Cambodia
  • Reuters ID: LVA7KB3QKUER3V8832N6PBJUY5US
  • Story Text: The khmer Central ??? has announced a massive devaluation of the local currency, from 420 to 1,200 riel to the United States dollar in a move against black market dealings.

    The new open market exchange rate -- a devaluation of 65 per cent in the value of one riel against the dollar -- took effect from Thursday (19 September).

    At the same time, the khmer government introduced a new economic programme, raicing prices for consumer goods and increasing economic programme, raising prices for consumer goods and increasing salaries for government workers and soldiers.

    The new ???lon was announced by the country's ??? ???istr, ???hy Lain Lim, earlier this week.

    Undor this plan, the price of petrol would be increased 25 per cent from ??? to 550 ??? per litre. Taxi fares Have also gone up from 20 ??? to ???. Imported ??? rice would ??? be sold at 165 riels ??? ??? instead of the current 65 riels, Kereas local Thmer rice costs almost double that ???ount.

    Government workers will also enjoy a 90 per cent pay increase while soldiers will receive a 100 per cent raise effective from Semite or 1st.

    Food and war supplies would be imported tax-fred into the country, whose economy ???been badly hit by more than four years of civil war. Luxury goods, however, will be subject to tax.
  • Copyright Holder: REUTERS
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