The Cambodian Riel (KHR) is the official currency of Cambodia, a country located in Southeast Asia.
Cambodia is bordered by Thailand to the west and northwest, Laos to the northeast, and Vietnam to the east and southeast.
The currency is issued and managed by the National Bank of Cambodia, which serves as the country’s central bank.
The symbol for the Cambodian Riel is “៛”, and it is sometimes abbreviated as “CR” or “KHR”.
The Cambodian Riel is subdivided into 100 smaller units called “kak” or “sen”, although these units are no longer in practical use due to their low value.
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 Riels.
Coins are issued in denominations of 50, 100, 200, and 500 Riels, although they are less commonly used in everyday transactions.
In addition to the Cambodian Riel, the US dollar is widely accepted and used for many transactions, especially in larger cities and tourist areas.
This dual-currency system has been in place since the early 1990s when the US dollar began to circulate alongside the Riel.
As a result, the exchange rate between the Riel and the US dollar has remained relatively stable over the years.
Cambodia’s economy is largely based on agriculture, garments, and tourism, which together account for a significant portion of its GDP and employment.
The country has experienced steady economic growth in recent years, although it still faces challenges related to poverty, infrastructure, and access to education and healthcare.
In summary, the Cambodian Riel is the official currency of Cambodia and is managed by the National Bank of Cambodia.
It is subdivided into smaller units called “kak” or “sen” and is issued in various banknote and coin denominations.
The US dollar is also widely accepted and used in the country, contributing to a dual-currency system.
Cambodia’s economy relies on agriculture, garments, and tourism, and the country faces ongoing challenges related to poverty and infrastructure.