So the reason why I’m very interested in investing in Cambodia is because first, they called me and the political system is very stable… And also, the economy also runs on the US dollar. Even the mainland Chinese use the US dollar, no Chinese yuan here.
Also, everyone speaks English and is fluent in English. And also the desire is to learn English. For example, Thailand and Vietnam, nobody really speaks English. They all speak their local language. And they all use their own local currency. Cambodia is the only country I’ve been to that actually actively accepts both the Khmer riel *AND* the US dollar universally!
Even more impressive… All the major banks, ATM machines, you could withdraw US dollars! Almost all the major ATMs and the banks will give you $100 bills, $20 bills, sometimes even $50 bills and $10 bills.
Strong economic rails
So I think you’ve probably never heard of is called ABA bank, which I think initially started off like advanced bank of Asia or something, the history I think it was created by some sort of Asian country, but then… A majority of state was acquired by the bank of Montreal Canada.
What’s super fascinating is like practically 100% of merchants accept ABA PAY— A QR code based system.