hyperledgeriroha

The Cambodian Riel (KHR), the official currency of Cambodia since 1953 and reintroduced in 1980 after the Khmer Rouge regime, faces the challenge of dollarization, with the USD dominating 80-90% of the economy. However, the Riel prevails in smaller transactions and rural areas.
In 2025, its revitalization has gained momentum, driven by the National Bank of Cambodia (NBC) and the digital payment system #Bakong , developed by the Japanese company #Soramitsu using the blockchain framework #HyperledgerIroha . This system, also the basis of the network #Sora , aims to promote financial inclusion, reduce dependence on the dollar, and encourage 'rielization' in a developing economy.