PHNOM PENH, CAMBODIA - The National Bank of Cambodia, the country’s central bank, is aiming to reduce the country’s dependence on the U.S. dollar with the introduction of digital currencies and the phasing out of small-denomination U.S. currency – $1, $2 and $5 bills – in favor of the local currency, the riel. Cambodia has run a dual-currency system since United Nations peacekeepers arrived to oversee elections in 1993, bringing with them U.S. dollars, which circulated in tandem with riel, providing much-needed currency stability amid postwar reconstruction. National Bank of Cambodia Governor Chea Chanto said in September that demand for the riel had increased an average of 16% a year for two decades, with annual economic growth rates of 7.8%, adding that fewer U.S. dollars in circulation would give the central bank greater control over the economy. “I firmly believe all ministries, institutions, companies, enterprises and those who actively participate in the process of … [Read more...] about Cambodia Aims to Reduce Dependency on US Dollar
Pleasant ridge reserve
11 Things That Delighted Us Last Week: From Space Heaters to a ‘Soothing’ Salad Bowl
Photo-Illustration: retailers We write about hundreds of products a week. Here, in our version of the Sunday circular, we’ve plucked out some of our favorites — expert-recommended essentials , life-changing stuff you didn’t know you needed, newly launched gizmos, and the very good deals we uncovered while trolling the vast online-shopping universe this past week, including Jenny Han’s secret seasoning for at-home movie-theater popcorn, a Goldilocksian notebook for every type of journaler, and 11 items to support organizations supporting the AAPI community. Vornado Velocity 3R Whole Room Space Heater $80 $80 Though there’s lots of different ways to work out at home, “if you’re a hot-yoga devotee, you’ve probably found it a bit more difficult to duplicate the feel of your sweltering studio,” writes Karen Iorio Adelson. And though there have been accounts of yogis taking extreme measures to achieve the studio heat, Karen … [Read more...] about 11 Things That Delighted Us Last Week: From Space Heaters to a ‘Soothing’ Salad Bowl
Pittsburgh Weather: Clear Skies, Sunny Sunday
PITTSBURGH (KDKA) — Today will be the fifth straight day with no measurable precipitation at the Pittsburgh airport. Skies should remain sunny as we continue to be under the influence of a powerful 1031mb high pressure system at the surface, with the center of the high located just north of Lake Superior. READ MORE: Bowling Green State University Fraternity Suspended After Student Hospitalized (Photo Credit: KDKA Weather Center) This puts us on the frontside of the ridge, with winds coming in out of the north and keeping our highs on the cool side of seasonal averages. Yesterday’s high failed to reach 40 degrees and highs today will be near 40 as well. (Photo Credit: KDKA Weather Center) Things begin to change as the ridge of high pressure moves to our east, opening up a southerly flow that should bring warmer than seasonal normal temperatures to the area. The next chance for precipitation comes in late Monday evening as cold front stalls in area along … [Read more...] about Pittsburgh Weather: Clear Skies, Sunny Sunday
Bowling Green State University Fraternity Suspended After Student Hospitalized
BOWLING GREEN, Ohio (AP) — Bowling Green State University has placed a fraternity on interim suspension over “alleged hazing activity” following the hospitalization of a student in an alcohol-related incident. The university said it was working with law enforcement investigating Pi Kappa Alpha in what the fraternity’s parent organization called “an alleged incident of alcohol-related hazing at an off-campus event” that left officials “horrified and outraged.” The parent organization said the case involved “a student and an unreported new member” of the Delta Beta chapter. The Toledo Blade reports that the term refers to someone who has not gone through the initiation process, and the student was seeking to join the fraternity commonly known as “Pike.” “This tragic incident has certainly impacted our students and community,” the university said on Twitter, adding that officials were meeting with student leaders “to decide the short- and long-term future of fraternity and sorority … [Read more...] about Bowling Green State University Fraternity Suspended After Student Hospitalized