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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 (administrating country) Currency sign Fractional unit Russian Ruble [1] RUB ... Cambodian riel [17] KHR
De facto exchange-rate arrangements in 2022 as classified by the International Monetary Fund. Floating ( floating and free floating ) Soft pegs ( conventional peg , stabilized arrangement , crawling peg , crawl-like arrangement , pegged exchange rate within horizontal bands )
Currency conversion fees, also called foreign currency exchange fees, come in two forms. Both involve charges for converting one currency to another during an international transaction.
A currency is a kind of money and medium of exchange. Currency includes paper, cotton, ... Cambodia: Cambodian riel ៛ KHR Sen: 100 United States dollar $ USD Cent:
Pages in category "Currencies of Cambodia" The following 4 pages are in this category, out of 4 total. This list may not reflect recent changes. C. Cambodian franc;
The currency was pegged to the French franc (F) at F.CFA 1 = 2 French francs from 1948, becoming F.CFA 1 = NF 0.02 after introduction of the new franc at 1 new franc = 100 old francs. In 1994 the currency was devalued by half to F.CFA 1 = F 0.01.
The Cambodian Civil War fragilized the Cambodian banking system and on 28 October 1971, the National Bank ordered the commercial banks to suspend all foreign exchange operations in a vain attempt to establish a "flexible" rate for the riel, whose value collapsed as the United States dollar became the de facto currency. [9]
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