International Reserves in Cambodia
Cambodia - International ReservesThe economy was hit hard in the first half of the year by falling external demand, which hurt the crucial textile sector. Moreover, tourism suffered from restrictions on visitors, while remittances will have been dampened by lockdowns abroad. Turning to the second half, economic momentum is likely still fairly downbeat. Air passenger traffic remained depressed in July, suggesting ongoing weakness in the tourism sector. In addition, EU tariffs on roughly 20% of Cambodian exports—initially announced in February—went into effect on 1 August. The tariffs will deal a further blow to the textile sector, and could over time lead some garment firms to relocate abroad, harming jobs and investment. While a reported free trade agreement with China should offset some of the pain, the deal will likely focus more on agricultural exports and be insufficient to avoid damage to the textile sector.
Cambodia - International Reserves Data
|International Reserves (USD)||6.9||8.4||11.3||13.4||17.0|
5 years of economic forecasts for more than 30 economic indicators.
Cambodia International Reserves Chart
Source: World Bank and FocusEconomics calculations.
|Exchange Rate||4,028||0.05 %||Jan 01|
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