Cambodian Riel (KHR)

The Cambodian Riel (KHR) is the official currency of Cambodia. It is issued and regulated by the National Bank of Cambodia. The currency is denoted by the symbol “៛” and is subdivided into smaller units called “Sen”. However, the Sen is no longer in circulation and is considered obsolete.

Here are some key details about the Cambodian Riel:

1. Denominations: Banknotes are available in denominations of 50, 100, 200, 500, 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000 Riel. Coins are also in circulation, but they are less commonly used. The most frequently encountered coins are the 50, 100, and 200 Riel coins.

2. Exchange Rate: The exchange rate of the Cambodian Riel can fluctuate against other major currencies, particularly the US Dollar (USD). The USD is widely accepted and used for larger transactions, while the Riel is primarily used for smaller daily transactions.

3. Dollarization: Cambodia has experienced a high level of dollarization, where the US Dollar is extensively used alongside the Riel in everyday transactions. Many businesses, hotels, and restaurants display their prices in both Riel and USD. The USD is often preferred for its stability and wider acceptance.

4. Availability: The Cambodian Riel is primarily used within the country and may not be readily available or accepted outside of Cambodia. It is advisable to exchange any remaining Riel for another currency before leaving the country.

5. Factors Affecting Value: The value of the Cambodian Riel is influenced by various factors, including the country’s economic stability, inflation rates, and the demand and supply of the currency in the foreign exchange market.

6. Counterfeit Concerns: Counterfeit currency can be a concern in Cambodia. It is advisable to handle currency transactions at reputable banks, exchange offices, or authorized currency exchange counters to minimize the risk of receiving counterfeit notes.

It’s important to note that while the Cambodian Riel is the official currency, the US Dollar is widely used and accepted in Cambodia. The dual-currency system allows for greater flexibility in transactions and provides stability in a country that has experienced economic challenges in the past.

Please keep in mind that currency exchange rates and policies can change over time, so it is recommended to check with official sources or local banks for the most up-to-date information when dealing with the Cambodian Riel.