Bank Exchange Rates for Cambodian Riel
Bank Exchange Rates for Cambodia - KHR - Cambodian Riel - ៛. The foreign exchange rates for Cambodia also known as the ISO code KHR or the Cambodian Riel currency and as a symbol ៛.
Coins are available in denominations of 50, 100, 200 and 500 riels, and frequently used banknotes include; 100, 500, 1,000, 2,000, 5,000, 10, 000 20,000 and 50,000 riels, whilst 50 and 100,000 riels notes are rarely seen or used. Send Money Transfer to Cambodia.
Bank Exchange Rates for Cambodia
Cambodian Riel banknotes currently issued are 50 riels which were issued in 2002, 100 riels came out in 2001 and 2015, then came 500 riels etc. These coins are not found in circulation anymore. The first coins that came out were 5 sen pieces which were made out of aluminium.
In the rural areas, riels are used for all types of purchases. The US dollar is also used but usually in the urban Cambodia and tourist areas. Other currencies like Thai Baht is also accepted in areas near Thai border.
Currency Rate for Cambodia
The economy of Cambodia has seen a lot of progress lately. The GDP of the country was $18.05 billion in the year of 2015. The most famous exchange rate is from KHR to USD.
The Cambodian bank issued 2 Piastres notes. The first Riel that was issued was divided into 100 cents which were then changed to 100 sen in 1959. Both Riel and Paistre were in circulation at their issue. The first Riels were also clearly known as the Paistre.
The name of the Cambodian currency was initially known as Khmer currency. The name Riel was adopted from the Spanish word that meant real which meant royal in Spanish.
Currency Rates for Cambodian Riel
The coins of the past are now kept in museums in Cambodia. This is used as an evidence of the ancient trade. The Cambodian currency was created by themselves in order to ease trading and make means of purchasing easy for the people. The creation of the Khmer currency dates back from India. It was then influenced by the Greeks and Romans who used to occupy a lot of Indian in the prehistoric era.
A lot of people in Cambodia used coins for trading and were known to be wealthy from their work on agriculture, sea trading and fishing. The earlier currency was of metal, bronze, silver, and gold. The coins depict snails, suns, the moon, and portraits of their god.
GBP to KHR
Named after the Mexican Real, used in Cambodia in the mid- nineteenth century, the second Riel was introduced in 1980, before which Cambodia had had no monetary system since 1975, due to Khmer Rouge abolishing money upon gaining control of the country.
When the second Riel was introduced, it was given to the populace as an incentive to use it, as there was no currency to replace. In Cambodia, both Riel and USD are used, as is the Thai baht, in areas closer to the Thai border. Bank Exchange Rates for Cambodia. The foreign exchange rates for Cambodian Riel also known as the ISO code KHR. Send money transfer online with us with the cheapest options.