YaTingPom wrote:Another crisis?adamimperium wrote:You can get 6.5% plus if you are willing to keep your money tied up for a number of years, especially if you have $100,000+. Saying that, if there is another financial crisis, I doubt the government here would be able to bail out the banks, so Cambodia is high-risk in many regards, compared to alternative investments.
When was the first one in Cambodia?
Well depositors are not protected din Cambodia, and there have been numerous recent examples of banks going bankrupt, whilst a generation ago of course money was completely abolished in Cambodia under the leftist regime. The main point is, however, that if the financial crisis in 2008 had spread throughout the entire banking system around the world, the Cambodian government wouldn't have been in a position to bail out depositors. If an emerging markets crisis hits like in 1997, depositors will lose money either directly, or through inflation/the loosening of the USD/Riel peg.