You are here

In Cambodia, the ghosts prefer dollars

Section: Daily Dispatches

By Julia Wallace
The New York Times
Friday, April 8, 2016

PHNOM PENH, Cambodia -- One recent morning Suon Sokhum, a colonel in the Cambodian Army, was shopping for gifts for his ancestors.

Qingming, the annual festival to honor the dead, was coming up, and throughout the Chinese diaspora in Southeast Asia, people burn offerings to provide for their ancestors in the spirit world.

At a stall on the southern fringe of one of the city's oldest markets, he browsed votive wares ranging from traditional red candles to glossy Lexus sport utility vehicles made of cardboard, finally settling on several sets of paper clothing and four neat stacks of replica $100 bills.

Col. Suon Sokhum paid for the presents in local currency, the riel, but said he would never consider offering riel to his ancestors. They, like ghosts and spirits throughout Cambodia, prefer dollars. ...

... For the remainder of the report:


Free Storage with BullionStar in Singapore Until 2016

Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter.

For more information, please visit Bullion Star here:

Join GATA here:

Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: