Payments in Cambodia

In Cambodia, two currencies coexist: the Cambodian riel (KHR) and the US dollar (USD). This coexistence is often referred to as a "dual currency" system.

The Riel for small purchases
The riel is mainly used for small transactions. Local vendors, markets and small stores often prefer the riel.
Common riel denominations are: 500 riels, 1000 riels, 2000 riels, 5000 riels, 10000 riels.

The Dollar for bigger transactions
For bigger payments, such as for hotels, restaurants or stores, the US dollar is widely used. Most prices are displayed in dollars, and it's often more convenient to pay that way. Bills from $1 to $50 are very common and useful for everyday purchases.

Coins are not used in Cambodia. Instead, riels are often used to supplement dollar amounts, much like our centimes. So don't be surprised if you're given change with a combination of dollar bills and riels - it's perfectly normal!

This duality allows Cambodians to profit from the stability of the dollar while using their local currency for day-to-day transactions. It also facilitates tourism, as visitors are often more familiar with the dollar.

It's important to know that you can't get riels outside Cambodia. If you arrive in the country with dollars or other foreign currency, you will probably be wondering where you can exchange them for riels - or even for small bills dollars, which are widely used in Cambodia. Here are a few solutions to help you make your first exchanges with peace of mind:

• Banks: Cambodian banks offer exchange services at variable fees.
  
  
• Exchange offices: Prefer exchange offices in town, which offer more competitive rates than those at the airport.
  Here's a reliable recommendation: LY HOUR EXCHANGE HEAD OFFICE near the Orussey market (see location on Google Maps).
  
  
• Hotels: Many hotels also offer currency exchange services, but rates may be less attractive.
  
  
• ATMs: ATMs allow you to withdraw dollars and riels, but make sure your card is compatible and check withdrawal fees.

One quick way to get riel from dollars is to make a purchase at the market and ask for the change in riel. The exchange rate usually applied is 1 dollar for 4,000 riel.

With the evolution of technology, Cambodia has adopted digital methods of payment, including QR code scan payments. The Bakong Tourists application, launched by the National Bank of Cambodia, enables users to make payments via QR code, facilitating transactions.

• Download in Apple Store
• Download in Google Play

Mixed opinion on the Bakong application for tourists
However, the Bakong app is attracting mixed reviews from tourists. On the one hand, it's convenient for cashless payments, but on the other, it can be complex to use. Recharging the account requires a physical card or an intermediary, and some users report high transfer fees or technical bugs.

It's essential to find out about digital payment options before you travel, and to check if your phone is compatible with local apps.

The payment system in Cambodia has its own peculiarities, and can be surprising at first. Just remember to keep a mix of riels and dollars on you to make everyday purchases easier.