What is Cambodia's Currency?

Answer 1

Riel (Khmer: រៀល, Symbol ៛) is the national currency of Cambodia. It has been issued from 1955 to present except between late 1975 through 1979 when the country had no monetary system or inhabited cites. See History of Cambodia.



Royal and republican issue
The riel was first introduced in 1955, to replace the piastre at par. Until 1959, it was subdivided into 100 centimes, after which the name of the subdivision was changed to sen.

Coins
Sen and cent coins were the same size as the Lao kip and South Vietnamese đồng base units, having derived from the single currency named above. Issue was in aluminium and came in 10, 20 and 50 cent/sen denominations. A 1 riel coin the size of a US nickel was to be issued in 1970 but never was. The reason is not known.

Banknotes
This issue was exstensive and included many themes of Cambodian life, history and mythology. Denominations were 1, 5, 10, 20, 50, 100, 200, 500 and 1,000 riels. It is not known if the 1,000 riel note was issued in 1975, although a 5,000 riel note from that year has been found.

Khmer rouge issue
The Khmer Rouge abolished money after introducing their own riel banknotes for one month after taking power in 1975. Their denominations were 0.10, 0.50, 1, 5, 10 and 50 riels.


DPR and royal issue
After the Vietmanese invasion in 1978, the riel was reestablished as the Cambodian currency in 1980, initially at a value of 4 riels = 1 US dollar. Because there was no monetary situation and a disrupted economy, the central government gave the money away to the populace to encourage its use.


Coins
The first coin was minted in 1979, with a value of 5 sen and made of aluminium. There were coins for 50, 100, 200, and 500 riels, however these are no longer in common circulation, the likely reason for their withdrawal being that it is cheaper to produce banknotes than coins.

Banknotes
Banknotes issued in 1980 came in 1, 2 and 5 kak and 1, 5, 10, 20 and 50 riel denominations, with 1 riel = 10 kak = 100 sen. Banknotes currently in circulation come in demominations of 50, 100, 200, 500, 1,000, 2,000, 5,000, 10,000, 20,000, 50,000 and 100,000 riels. Because of low prices in Cambodia, riel notes above 20,000 are uncommon. Newer issues have been introduced since 2001, which consists of 50, 100, 500, 1,000, 5,000, 10,000, and 50,000 riels.

The riel is used mainly for buying local produce and other merchandise. The US dollar, particularly the one-dollar bill, is widely used throughout Cambodia for virtually all purposes and is often preferred to the riel, earning it a reputation as the country's "unofficial second currency".

Answer 2

Cambodia’s unit of currency is the riel, consisting of 100 sen. The value of the riel shrank from 700 riels per U.S.$1 in 1991 to an average of 4,016 riels per U.S.$1 in 2004. Currency is issued by the National Bank of KâmpÅ­chéa, established in 1980. There are relatively few private banks in Cambodia. Most of them are foreign-owned banks operating in Phnom Penh and other cities.

Answer 3

The cambodian tripp

Answer 4

Riel (KHR)