Cambodia has experienced strong economic growth over the last decade, and its GDP grew at an average annual rate of 7%. The U.S. dollar is the de facto currency in Cambodia, which has no foreign exchange controls. It benefits from The Belt and Road Initiative, and also benefits from RCEP, the regional free trade agreement signed last year. Natural resources have been discovered, including crude oil and natural gas. Cambodia’s economic growth will remain strong. Cambodia is the world’s second-largest oil depository. According to the World Bank, Cambodia has 2 billion barrels of oil reserves.