- Official Currency: The official currency of Cambodia is the Cambodian Riel (KHR). However, the United States Dollar (USD) is widely accepted and commonly used alongside the Riel, especially in tourist areas, hotels, and larger businesses.
- Exchange Rate: The exchange rate between the US Dollar and Cambodian Riel fluctuates, but it’s generally stable. Check the current exchange rate before exchanging currency to ensure you get the best value for your money.
- Currency Denominations: Cambodian Riel is available in denominations of 100, 500, 1,000, 2000, 5,000, 10,000, 20,000, 50,000, and 100,000 notes. US Dollars are available in denominations of $1, $5, $10, $20, $50, and $100 bills.
- Cash: Cash is the most commonly used payment method in Cambodia, especially in rural areas and local markets. Both Cambodian Riel and US Dollars are widely accepted.
- Credit Cards: Major credit cards such as Visa, Mastercard, and to a lesser extent, American Express, are accepted at many hotels, restaurants, and larger businesses in urban areas like Phnom Penh and Siem Reap. However, smaller establishments and markets may not accept credit cards, so it’s advisable to carry cash for such transactions.
- ATMs: ATMs are widely available in major cities and tourist areas, dispensing both Cambodian Riel and US Dollars. However, be aware that some ATMs may charge a withdrawal fee, and rural areas may have limited ATM access. Check with your bank regarding any international withdrawal fees and notify them of your travel plans to avoid card issues.
- Traveler’s Checks: While traveler’s checks were once a popular form of payment, their usage has declined with the proliferation of ATMs and acceptance of credit cards. It’s less common to find establishments that accept traveler’s checks in Cambodia, so it’s advisable to rely on cash and cards instead.
- Currency Exchange Counters: Currency exchange services are available at international airports, banks, hotels, and licensed money changers in major cities and tourist areas. Compare exchange rates and fees before exchanging currency to get the best deal.
- Exchange Rates: Exchange rates may vary between different exchange counters, so it’s advisable to check multiple sources or use reputable establishments for currency exchange.
- Currency Exchange Tips: Avoid exchanging money with unauthorized street vendors or unlicensed exchange services to prevent scams or receiving counterfeit currency.
- Tipping Culture: Tipping is not a common practice in Cambodia, especially in local establishments. However, tipping is appreciated for exceptional service at high-end restaurants, hotels, and tour guides. A tip of 5-10% of the bill is customary in such cases, but it’s not obligatory.
- Service Charges: Some restaurants and hotels may include a service charge in the bill, so check before tipping separately.
- Currency Declaration: There are no restrictions on the import or export of foreign currency in Cambodia. However, travelers carrying more than $10,000 (or equivalent in other currencies) in cash must declare it upon arrival and departure.
- Riel Exchange: While it’s possible to exchange Cambodian Riel back to foreign currency before leaving the country, it’s advisable to spend or exchange excess Riel before departing, as it may be difficult to exchange Riel outside of Cambodia.
- Currency Laws: Be aware of any changes in currency regulations or payment policies in Cambodia before traveling. Check with your embassy or consulate for the most up-to-date information regarding currency and payment regulations.
By understanding the currency and payment options available in Cambodia and adhering to local customs and regulations, tourists can effectively manage their finances and transactions during their visit to the country.
