US dollars in Cambodia

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<hr>It's only the de facto currency, because America are making it so! <hr></blockquote>
Garbage. It's the de facto currency because Cambodia and Cambodians chose to make it so.

No, the USD is the Defacto currency in most parts of the developing world....has been for decades, as it has been the most stable and accepted tender for governments that have had black markets, or lacked substantial local currencies.

Though it is a tad weak at the moment, it will get you around the world regardless....

Not because they chose to make it so!

It's because it's helping keep the dollar somewhat strong, America has somewhat of a say over developing countries and that's why it's used. Not because they like the green money!

Really?

And how do we have a say in Cuba or Myanmars affairs?

#13 is ignorance as blissful as it's made out to be?

Moe i'm not being ignorant!

Cuba and Myanmar are different, they want to be independent of America and not have America sticking their nose in where it's not wanted!

No paddy, trust me. You're ignorant. Blindingly ignorant. Toweringly, stupifyingly and monsterously ignorant. I gather the whole blissful thing is a bit overrated though, eh?

paddy.... you're ignorant. Really. Toweringly, stupifyingly and monsterously ignorant.

The US never forced their currency on Cambodia. They, like other nations using it, chose to do so to bring more stability to their respective economies.

Your argument that this is done so to keep the dollar strong is ridiculous because the US dollar is in freefall these days.

Your argument that "Cuba and Myanmar are different, they want to be independent of America and not have America sticking their nose in where it's not wanted!" is also absurd for a number of reasons not the least of which is that it completely contradicts your previous argument that "America has somewhat of a say over developing countries and that's why it's used." If you're right (and you're not, by the way) how then do you reconcile the use of the USD in Cuba and Myanmar against the use of it in Cambodia?

If you really think the US wants its currency held in large quantities by foreign nations, why not track down a high ranking official in the US Federal Reserve, walk up to him or her, smile, and say "China" and see what reaction you get. The presence of USD in a foreign economy does not give the US leverage over that economy, in fact the opposite can be true. Again, say "China". And yes, I'm aware that the USD is not used as a currency in China, but it might as well be, they have enough of them.

Moe you're a plonker!

So the US don't use threats or force against countries never then eh?? NOOOOO they'd NEVER do that. Why do you think Iran is next on Bush's hitlist???

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<hr>According to rumors, which first vaulted the issue into the spotlight, the financial exchange in the aforementioned bourse will trade for oil in euros instead of the U.S. dollar. The dollar has long been the dominant currency for international oil trade. <hr></blockquote>

So what would that do to the US economy??

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<hr>The debate over the ultimate financial impact of trading oil in euros rather than dollars is a complex one, but according to some experts such a move could lead to a huge drop in value for the American currency, potentially putting the U.S. economy in its greatest crisis since the depression era of the 1930s. <hr></blockquote>

paddypacker - Please present evidence that Cambodia was force/coerced by the US into using the dollar. Hazy Khao San speculations and blah blah Iraq doesn't count. This is about Cambodia and your claim that Cambodia did not chose to use the dollar but was somehow forced by the US. When exactly did the US force the Cambodian government to use USD and exactly how did they do it? If it's true, this should be an easy question. Names, dates and sources, please.