Cambodian Riel (KHR)
19 hours agoThe Cambodian Riel (KHR) serves as the official currency of Cambodia, a nation situated in Southeast Asia. Cambodia shares its borders with Thailand to the west and northwest, Laos to the northeast, and Vietnam to the east and southeast.
This currency is issued and overseen by the National Bank of Cambodia, which functions as the central bank of the country. The symbol for the Cambodian Riel is “៛”, and it is occasionally abbreviated as “CR” or “KHR”.
The Cambodian Riel is divided into 100 smaller units known as “kak” or “sen”, although these smaller units are no longer commonly used due to their minimal 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, but they are less frequently utilized in daily transactions.
In addition to the Cambodian Riel, the US dollar is widely accepted and utilized for numerous transactions, particularly in larger cities and tourist regions. This dual-currency system has been established since the early 1990s when the US dollar began to circulate alongside the Riel. Consequently, the exchange rate between the Riel and the US dollar has remained relatively stable over the years.
Cambodia’s economy is primarily driven by agriculture, garments, and tourism, which collectively contribute significantly to its GDP and employment. The country has witnessed consistent economic growth in recent years, although it continues to confront 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.
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