Word: lon
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Dates: during 1970-1979
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...Lon Nol government has largely financed itself to date through exactly that-printing money. Now, however, much of its reserves has been eaten...
...thousands of hectares of rice and other crops have been abandoned. Rubber plantations, producers of most of Cambodia's foreign exchange, lie in ruins. Senate investigators estimate that nearly a million Cambodians have been made refugees in the last six months, and the problems of supporting them add to Lon Nol's difficulties. The population of Phnom Penh alone has nearly double to over a million. And the 400,000 Vietnamese who played a key role in the Cambodian economy have been made refugees or killed...
These commodities and funds to purchase them will be made available to the Lon Nol regime, which by selling them on the local market will hopefully acquire enough of its local currency, the riel, to finance its military activities...
...Lon Nol government manages to survive the coming dry season, however, the goals of American economic aid will become clearer. If it continues at its present relatively low level, it will be clear that the U.S. is hedging its bets on Lon Nol and simply tying its efforts here to the war in Vietnam...
...requests made by Nixon for aid to Cambodia during the first part of 1971 will be a good indication. In any event, however, it is the U.S. who will determine the viability of the Lon Nol regime or a non-Sihanouk successor...