AI overview
The riel is the official money used in Cambodia for everyday transactions and commerce. It matters because it's essential to the Cambodian economy, allowing people and businesses to buy and sell goods and services within the country.
AI-generated from the Wikipedia summary — may contain errors.
Key facts
- Code
- KHR (numeric: 116 )
- Unit
- riel
- Symbol
- ៛
- 1 10
- kak ( កាក់ kăk ) (no longer used)
- 1 100
- sen ( សេន sén ) (no longer used)
- Freq used
- 100៛, 200៛, 500៛, 1,000៛, 2,000៛, 5,000៛, 10,000៛, 20,000៛, 50,000៛
- Rarely used
- 50៛ (no longer printed but still legal tender); 15,000៛ (commemorative); 30,000៛ (commemorative); 100,000៛ (commemorative); 200,000៛
- Replaced
- French Indochinese piastre
- User s
- Cambodia
- Central bank
- National Bank of Cambodia
- Website
- www .nbc .org .kh
- Inflation
- 1.4%
Article
The riel (/riˈɛl/; Khmer: រៀល, romanized: riĕl [riəl]; sign: ៛; code: KHR) is the currency of Cambodia. There have been two distinct riel, the first issued between 1953 and May 1975. Between 1975 and 1980, the country had no monetary system. A second currency, also named "riel", has been issued since 20 March 1980. Since the late 1990s, the riel has had an unofficial fixed exchange rate of 4,100:1 with the United States dollar, Cambodia's second de facto currency for commercial transactions.
Popular belief suggests that the name of the currency comes from the Mekong river fish riĕl ("small fish" in Khmer). It is more likely that it derives from the high-silver content Spanish-American dollar, whose value is eight reales, a coin widely used for international trade in Asia and the Americas from the 16th to 19th centuries.