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Since the late 1990s, the riel has had an unofficial fixed exchange rate of 4,100:1 with United States dollar, Cambodia's second de facto currency for commercial transactions. [1] Popular belief suggests that the name of the currency comes from the Mekong river fish riĕl ("small fish" in Khmer).
Present currency ISO 4217 code Country or dependency ... Cambodia ៛ [18] sen (no ... US Dollar [23] USD
US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
Countries using the United States dollar as their de facto currency include Aruba and Cambodia, where most hotels, restaurants, and transportation are priced in dollars; [1] Dominican Republic where it is acceptable in many places, including airports to pay temporary visa fees for non-US/Dominican visits; Iraq, where United States commercial, governmental and military involvement due to the ...
The US dollar is also the official currency in several countries and the de facto currency in many others, with Federal Reserve Notes (and, in a few cases, US coins) used in circulation. The monetary policy of the United States is conducted by the Federal Reserve System , which acts as the nation's central bank .
Full currency substitution has mostly occurred in Latin America, the Caribbean and the Pacific, as many countries in those regions see the United States Dollar as a stable currency compared to the national one. [9] For example, Panama underwent full currency substitution by adopting the US dollar as legal tender in 1904.
Money and Sovereignty: An Exploration of the Economic, Political and Monetary History of Cambodia. National Bank of Cambodia. ISBN 978-99963-511-2-9. Clark, Heather A. (2006-03-14). When There Was No Money: Building ACLEDA Bank in Cambodia's Evolving Financial Sector. Springer Science & Business Media. ISBN 978-3-540-28877-0
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