Cambodian Currency -

Cambodia, a Southeast Asian nation with a fascinating history and rich cultural heritage, is known for its currency, the Riel. While the US dollar is widely accepted and used in Cambodia, especially in bigger cities like Phnom Penh and Siem Reap, understanding the value and significance of the local currency is essential for anyone traveling or doing business in Cambodia.

The Riel, denoted by the symbol ៛, was first introduced in 1955, replacing the French Indochinese piastre as the primary currency of Cambodia. However, due to decades of conflict and political instability, the US dollar became the de facto currency in the 1990s. The government reintroduced the Riel in 1995, but it took a while for it to gain widespread acceptance, particularly among foreign investors and tourists.

Today, the Riel is the official national currency of Cambodia and is widely used for daily transactions in local markets, small shops, and rural areas. One US dollar is equivalent to around 4,000 Riel, but exchange rates can vary, and you will typically get better deals when exchanging larger bills.

One interesting fact about Cambodian currency is that the Riel comes in both banknotes and coins. There are denominations of 50, 100, 200, 500, 1,000, 2,000, 5,000, 10,000, 20,000, and 50,000 Riel banknotes. The coins are in denominations of 50, 100, and 200 Riel, although they are not used as frequently as the banknotes.

It's important to note that while US dollars are widely accepted in Cambodia, vendors and shopkeepers usually prefer to receive payment in Riel, especially for smaller transactions. This is because they may not have enough US dollars for change, and the exchange rate may not always be favorable for them.


~~~~~~~~~~~~~~~~~~~~
Stuff we love 😁And we think you will too😊

Vintage Food Farm Merch!!!! [ Ссылка ]

~~~~~~~~~~~~~~~~~~~~
Check us out elsewhere
Instagram: [ Ссылка ]
Facebook: [ Ссылка ]
TikTok: [ Ссылка ]

свернуть