Cambodian Riel

About The Cambodian Riel: The Currency of Cambodia

Quick Facts About the Cambodian Riel Notes

Country of Origin	Cambodia
Symbol	៛
Currency Code	KHR
Nick Names
Minor units	Kak
Denominations (Banknotes)	100៛, 200៛, 500៛, 1,000៛, 2,000៛, 5,000៛, 10,000៛, 20,000៛ and 50,000៛
Motto
Identification Feature	On the reverse side of 20,000 riels notes, you will find the image of Angkor Wat and four faces of the Bodhisattva Avalokitesvara
Issuing Bank	National Bank of Cambodia
In Circulation Since	March 20, 1980

The riel is the most common unit of money use across Cambodia. The first form of the riel was put into circulation in 1953 and remained in use until May of 1975. Between the years 1975 and 1980, the nation did not have a currency that was able to function properly. A second form of currency with the same name, the riel, has been in circulation ever since the 20th of March in the year 1980. When engaging in monetary transactions, it is imperative that the currency code for the riel, which is KHR, be utilised. The sen, which is equal to one hundredth of a riel, and the kak, which is equal to one tenth of a riel, are its subdivisions. The Cambodian riel symbol is ៛.

This currency is allowed to float freely against other currencies, but during the past few decades, it has experienced a significant loss of value when compared to international currencies. As a result, the United States dollar has become the de facto means of exchange.

The live Cambodian Riel rate is INR (⚠️ 🔄) . You can keep an eye on the real-time Cambodian Riel price.

History of the Cambodian Riel

The piastre de commerce, the currency of French Indochina, was replaced by the riel in 1953, the same year that Cambodia gained its independence from France. The riel was valued at the same amount as the piastre de commerce. The Khmer Rouge carried out a coup d'état in 1975, which resulted in the abolition of the riel and the destruction of all newly produced banknotes.

In 1975, during the rule of the communist Khmer Rouge dictatorship, all types of cash in Cambodia were made illegal. It was not until 1980 that Cambodia issued a new currency. In the immediate aftermath of the overthrow of Pol Pot's dictatorship in Cambodia in 1980, the riel was reintroduced into circulation at a rate of four riel to one dollar. Since then, there has been a gradual deterioration in the correlation between the values of the two currencies. At the moment, one riel is equivalent to approximately one quarter of one hundred twenty-fourths of a dollar.

In 1970, as part of the United Nations Food and Agriculture Organization's coin programme, a 1 riel coin that was scheduled to be made was supposed to be around the size of a United States nickel. However, the coin was never distributed, possibly as a result of Lon Nol toppling the government of Norodom Sihanouk. Following the invasion of Cambodia by Vietnam in 1978, which toppled the government of the Khmer Rouge, the riel was reintroduced as Cambodia's official currency in 1980, with an initial exchange rate of four riels to one dollar of the United States.

1979 was the year that saw the introduction of the first aluminium 5 sen coins into circulation. It wasn't until 1994 that a brand new series of coins for 50, 100, 200, and 500 riel was issued.

Countries Accepting the Cambodian Riel

Amount in the Cambodian Riel You Should Carry for Your Trip

Many factors influence vacation expenses in Cambodia, including travel distance, travel speed, mode of transportation, lodging type, and overall spending while away from home. A tourist in Cambodia might spend roughly KHR 70,302 each day on entertainment and relaxation. Using high-end services and facilities such as limousine transportation, chef-prepared meals, and five-star hotels would set you back more than KHR 648,046 per person every day. A trip to Cambodia for two people can easily cost over KHR 140,000 to KHR 12,00,000. Hotels in Cambodia can cost anywhere from KHR 24,659 per night to KHR 249,755 per day. Your daily transportation costs in Canada could range from KHR 9,225 to KHR 66,882 depending on whether you walk, take the bus, or hail a taxi.

You can check the Cambodian Riel rate today in order to plan a cost-effective vacation. You can also keep an eye on Cambodian Riel to Dollar and Cambodian Riel to Pound rate.