Countries that use the KHR
Currency Exchange Rates for Cambodian Riel? Convert GBP to KHR at todays exchange rate. See money transfer for Cambodia and historical to restrictions.
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NICKNAMES FOR KHR CURRENCY
Kampuchean Riel (KHR) has no other names or nicknames.
NAME OF CENTRAL BANK
National Bank of Cambodia
WHAT IS THE INFLATION RATE FOR KHR?
For Kampuchean Riel, the inflation rate is 2.08%.
WHAT IS THE USE OF KHR CURRENCY OUTSIDE THE COUNTRY?
Kampuchean Riel is the currency of Cambodia. By travelling, internet shopping, and doing other online transactions are the main purposes of a national currency whether inside the country or outside. However, KHR cannot be converted to other currencies. This means that outside Cambodia, the Kampuchean Riel will be as good as souvenirs. Banks outside the country will not accept an exchange.
HOW DOES CURRENCY EXCHANGE WORK IN CAMBODIA?
Tourists exchange dollars or other currencies for KHR when they visit the country. USD is commonly used for payments in Cambodian stores and change will be in KHR since they don't have USD as change. Exchange can be done at the airport upon arrival, or in big cities that offers money exchange or in banks. Also, it is better to have converted USD to KHR in Cambodia's local market because their money exchange offers better rate. ATM withdrawal is also an option. There are machines that dispense US Dollars and these are found in big cities.
CONVERTING GBP TO KHR
The currency of Great Britain, GBP and the currency of Cambodia, KHR can be exchanged in a specified exchange rate. Usually, GBP to KHR conversion are done in legal money exchange outlets located in the cities like Phnom Penh, etc.
WHAT DOES GBP TO KHR MEAN?
1 GBP is equal to 5363.82 KHR
WHAT IS THE SIGN FOR KHR?
For Kampuchean Riel, the currency symbol is áŸ›.
STABILITY OF KHR
Since KHR cannot be exchanged for other currencies and cannot be used outside the country, Kampuchean Riel is considered undervalued.
WHAT ARE THE MAIN CURRENCIES IN USE AND WHY?
It is Common that USD, GBP, AUD, and JPY are on top in terms of the most used currencies. This is because of the stability of these currencies and also the good exchange rates they could give made them accessible to almost everywhere across the globe.
Currency Information on Cambodian Riel - KHR — Cambodian Riel - ៛
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.
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.
Given the current crisis in my country, I was forced to move abroad to find a better financial life. I’ve been living and working in a good UK job for two years now. Although my wife and children came with me I send money to my relatives in Greece very often. Every time I do so I make sure I'm getting a good currency exchange deal by checking online how to send money abroad at the best rates.
Comment written by Kostas Skordas Architect.
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