I have given a look at the local banks here, most of them very financially sound as the country is in an economic boom. Most often they are owned by big foreign banks that are very stable.
7%+ interest on USD deposits on fix. Term 1 year is possible.
Here the economy is dollarized and the Riel (local currency) is just used in place of US coins (purchases below 5$) and it is a dollar surrogate (fixed exchange rate).
The overall economy is booming and the capital is a very nice place to live.
I am thinking if i had 1 million by selling some properties abroad why not just get 73.000 $ in interest every year and fucking stop wage slaving?
Maybe do some part time work online to get some extra cash or some small business.
The average salary in Cambodia is 300$ a month so with 73.000$ a year life is easy. That is 20 times minimum salary.
Can buy a decent apartment for 50.000$ with a rooftop pool and pay it off in 2 years while living like a king with the money left.
Seriously why not? Women are available and easy going no stress and the weather is always summer.
Do you feel confident the dollar is here to stay? Also, what is inflation running at there? Truflation has it over 10pc in US
Asher Smith
So the dollar liquidity is evaporating on the periphery. Might be a decent deal if the banks survive. Would actually have to look at the banks and currency and central bank reserves to see what the risks are.
Austin Lopez
Inflation here is not too bad. Anyway the main reason behind inflation in the west is energy prices and shipping costs from china to the West that went up 10 times since before covid.
Dollar is here to stay for at least a few decades no doubt. They haven't even set a tentative year at which they will even try to flot the Riel
Jacob Gonzalez
We had higher interest rates back in 2014
Camden Reed
Cambodia is the pajeet of SE Asia. Total slum of a place.
Brandon Adams
It's changing so quickly.
Leo Gonzalez
Where you'll kiss ass or crack
Ryan Parker
don't know if liquidity will get better or worse but you can see it by looking up bid-ask spread indexes
kek its not though khmer are a lazy nigger minded people they're collective stupidity will always hold them back more than any economic situation will now Vietnam on the other hand has real potential
