Cambodia, a neighboring country of Vietnam, is not only an attractive tourist destination but also a place that attracts many Vietnamese workers. When coming to Cambodia, it is extremely important to understand currency denominations and how to use them so you can easily transact, shop and live. In this article, okvip will give you detailed information about Cambodian currency denomination, along with notes when using it to help you have a favorable experience when living and working in this country.
Introduction dCambodia’s currency unit
The official currency of Cambodia is Riel (KHR), issued by the National Bank of Cambodia. Although Riel is the official currency, in many daily transactions, Cambodians also widely use the US dollar (USD). This is due to the stability and popularity of the US dollar in economic activities and international transactions in Cambodia.
Introduction dCambodia’s currency unit
The exchange rate between Riel and the US dollar is usually stable. Medium, 1 USD equivalent to approx 4.000 Riel, but the exchange rate may fluctuate slightly depending on the market.
Cambodian currency denomination
Currently, Cambodian money is issued in many different denominations to suit different transaction needs. Below are the common Riel denominations you will encounter while in Cambodia:
- 100 Riel: This is the lowest denomination of money and is often used in small transactions such as buying cheap goods or tipping for services.
- 500 Riel: This denomination is also popular in small transactions, often seen when paying for change.
- 000 Riel: This denomination is equivalent to about 0.25 USD, suitable for average transactions such as buying drinks and snacks.
- 000 Riel: Usually used when shopping or paying for basic services.
- 000 Riel: Equivalent to about 1.25 USD, this denomination is often used in larger transactions, such as paying for a meal.
- 000 Riel: About 2.5 USD, used for high-value transactions such as purchasing goods at large stores, services or paying bills.
- 000 Riel: This is a larger denomination, suitable for large value transactions.
- 50,000 Riel: About 12.5 USD, used in high-value transactions such as buying electronics, or paying large bills.
- 000 Riel: The highest denomination in the Cambodian currency system, equivalent to about 25 USD. This money is often used in large transactions or to pay for services at hotels and restaurants.
Using US dollars in Cambodia
Next to the Riel, the US dollar (USD) Very commonly used in Cambodia. In many large transactions or high-end services, Cambodians and foreign tourists often pay in US dollars. Major stores, restaurants, and hotels in Cambodia all accept USD without any difficulty.
- The combination of Riel and USD: When paying in US dollars, you can get your change back in Riel. For example, if you pay $5 for a $4.25 bill, the store might give you back 3,000 Riel.
- Note when using US dollars: You should avoid using old or torn USD bills, as banks and stores in Cambodia may refuse to accept this currency. It’s best to carry new money, especially when making large payments.
How to use currency while in Cambodia
Coming to Cambodia, you can use currency through different methods as follows:
How to use currency while in Cambodia
Exchange money
Before arriving in Cambodia, you should prepare a small amount of Cambodian cash for convenience for small transactions as soon as you arrive. You can exchange money at banks or money exchange shops in Vietnam or right at the airport or border gate in Cambodia.
Pay by credit card
In addition to cash, credit and debit cards are also accepted in many places in Cambodia, especially in major cities such as Phnom Penh, Siem Reap, and Sihanoukville. However, check with the store or restaurant in advance about accepting card payments, as not everywhere has this system.
Online payment application
Some businesses in Cambodia have begun integrating electronic payment applications such as PayPal, AliPay, and other online payment services. This brings convenience, especially when you don’t want to carry too much cash.
Notes when using money in Cambodia
- Keep transaction receipts: When paying by card or exchanging money at stores, keep the receipt to avoid unwanted risks.
- Check exchange rates: Before making large transactions, it’s a good idea to check the exchange rate to make sure you’re getting the best value for your money.
- Be careful with fake money: Although not common, you should carefully check the cash when you receive it back to avoid receiving counterfeit money.
Notes when using money in Cambodia
Conclude
Mệnh giá tiền Campuchia is very diverse and the US dollar also plays an important role in daily transactions. Understanding information about currency denominations and how to use them will help you easily manage your finances when traveling, working or doing business in Cambodia. Hopefully this article has provided you with the necessary knowledge about the Cambodian currency system, helping you be more confident when trading in this country.
