Core Insights - The article highlights the career and achievements of Chea Srey, the first female governor of the National Bank of Cambodia, emphasizing her focus on financial inclusion and reducing reliance on foreign currencies [2][3]. Background and Career - Chea Srey was born in Phnom Penh in 1981 and pursued her education in accounting and finance in New Zealand. She joined the National Bank of Cambodia in 2002 and rose through the ranks, becoming the deputy director in the 2010s [2]. - She played a significant role in promoting the local currency, Riel, and initiated the Bakong digital payment system in 2020, which enhances the usability of the local currency [2][3]. Current Role and Policies - Appointed as the governor on July 29, 2023, Chea Srey continues to advocate for the expansion of the Bakong system and emphasizes the importance of using the local currency to foster economic independence [3][5]. - In an interview, she addressed the choice between the US dollar and the Chinese yuan, advocating for the increased use of the local currency while acknowledging the benefits of both foreign currencies [3][5]. Economic Strategy - Chea Srey's strategy includes improving the convenience and accessibility of the local currency, while not enforcing mandatory use, to avoid creating a black market [5]. - The Bakong system has seen significant growth, facilitating cross-border payments and enhancing the role of the local currency in trade [6][8]. Regional Context - The article discusses the broader trend among ASEAN countries to reduce reliance on the US dollar, with many nations exploring local currency settlements and regional payment systems [6][8]. - Countries like Thailand, Malaysia, and Indonesia are also pursuing similar strategies to mitigate the impact of US monetary policy fluctuations on their economies [8].