Cambodian Currency: A Guide to the Riel and More

Cambodia’s currency, the riel (KHR), is a fascinating blend of tradition and modern practicality. While the riel is the official currency of Cambodia, you’ll often see both riel and US dollars (USD) used throughout the country. Understanding how the currency system works in Cambodia can help you manage your money better during your stay.

A Brief History of the Riel

The riel was first introduced in 1953, following Cambodia’s independence from France. Since then, it has gone through several changes, especially during the Khmer Rouge era, when currency was completely abolished. It wasn’t until 1980 that the riel was reintroduced as the national currency.

Today, the riel exists in various denominations, but you’ll commonly see 100, 500, 1000, 2000, and 5000 riel notes. Coins are rarely used.

The Role of US Dollars

While the riel is Cambodia’s official currency, the US dollar is widely accepted and often preferred for larger transactions. Most businesses, especially in cities like Phnom Penh and Siem Reap, will price goods in dollars. However, for small purchases, like snacks, tuk-tuk rides, or market items, the riel is commonly used.

Exchange rates between the riel and the US dollar typically hover around 4,000 riel to 1 USD. In most cases, you’ll receive change in riel when paying with dollars.

Where to Get Cambodian Currency

You can easily exchange US dollars for riel at banks, ATMs, and currency exchange booths across Cambodia. ATMs in major cities dispense both US dollars and riel, so you’ll have no trouble accessing cash.

If you’re arriving at Phnom Penh International Airport or Siem Reap International Airport, currency exchange services are readily available. Most ATMs charge a small fee for withdrawals, so it’s a good idea to check with your bank about international fees before your trip.

Using the Riel for Small Purchases

The riel is typically used for smaller purchases, such as:

• Street food and snacks
• Tuk-tuk rides
• Purchases at local markets and small shops
• Temple entry fees

While USD is often accepted, you may find that small, rural towns primarily use riel. Be prepared to have smaller riel notes on hand for these situations.

Exchange Rates and Inflation

The exchange rate between the riel and USD is relatively stable, although Cambodia has experienced inflation over the years. Prices for goods and services in Cambodia are generally low, but inflation does affect day-to-day costs, especially for fuel and imported goods.

Banks and money exchange services will give you the most accurate exchange rates. As of now, 1 USD equals around 4,000 riel, but it’s wise to check current rates before your trip.

Check Exchange Rates Easily with Our Currency Converter

You can effortlessly check the latest exchange rates between the Cambodian riel and other currencies using our currency converter. Simply enter the amount and select the currencies you want to compare. This handy tool will provide you with real-time conversion rates, helping you make informed decisions while traveling or managing your finances. Stay updated and ensure you’re getting the best value for your money!

Digital Payments and Cards

Though Cambodia is primarily a cash-based society, digital payments are becoming more common. In cities like Phnom Penh and Siem Reap, major hotels, restaurants, and shopping centers accept credit cards. Popular digital payment platforms, such as ABA Pay and Wing, are also growing in popularity for transferring money and making payments.

However, in rural areas, cash remains king. Be sure to have a supply of riel or USD when traveling outside of major cities.

Counterfeit Money and Tips

It’s important to be cautious about counterfeit bills. Some fake US dollar notes circulate, particularly high-denomination bills like $50 and $100. When exchanging money or receiving change, check for the security features on both riel and dollar bills.

Tips are generally not expected in Cambodia, but they are appreciated, especially in restaurants or for good service from drivers and guides. Tipping in riel or dollars is accepted.

Conclusion

Navigating Cambodia’s dual currency system is straightforward once you understand the role of the riel and US dollar. Whether you’re paying for street food with riel or tipping in dollars, being prepared with both currencies will make your travels much smoother. Stay aware of exchange rates, use cash in rural areas, and enjoy your time in this beautiful country!