1. What is the official currency of Cambodia?

The official currency of Cambodia is the Cambodian riel (KHR).

2. Are there any restrictions on foreign currency transactions in Cambodia?

Yes, there are some restrictions on foreign currency transactions in Cambodia. The main ones include:

1. Currency controls: The Cambodian government has imposed strict controls on the buying and selling of foreign currencies. This means that individuals and businesses need to follow specified procedures and obtain approvals from the National Bank of Cambodia (NBC) for certain types of foreign currency transactions.

2. Limitations on local currency: Foreign currencies cannot be used as legal tender in Cambodia, and all transactions within the country must be conducted using the local currency, Cambodian riel (KHR).

3. Reporting requirements: Any incoming or outgoing transfer of over $10,000 USD or its equivalent in foreign currencies must be reported to the NBC by financial institutions.

4. Transfer restrictions: Individuals are allowed to transfer a maximum of $50,000 USD out of the country per year without prior approval from the NBC.

5. Account types: Only non-resident accounts can hold foreign currency deposits in Cambodian banks. Resident accounts can only transact in local currency.

6. Exchange rates: Official exchange rates set by the NBC must be used for all foreign currency transactions within Cambodia.

7. Prohibited activities: It is illegal to use foreign currencies for payments within the country or operate parallel market exchanges for different exchange rates.

It is important to note that these restrictions apply primarily to individuals and businesses operating within Cambodia’s borders. International businesses may have more flexibility with their foreign currency transactions when conducting business with other countries outside of Cambodia’s jurisdiction.

3. What is the current exchange rate for local currency to US dollar in Cambodia?

As of September 2021, the current exchange rate for local currency (Cambodian Riel) to US dollar in Cambodia is approximately 4,100 riel to 1 US dollar. This can vary depending on the specific exchange rate offered by banks and currency exchange services. It is recommended to check with a reliable source or use an online currency converter for the most accurate and up-to-date exchange rate.

4. Is it better to use cash or credit cards for purchases in Cambodia?

It is generally better to use cash for purchases in Cambodia, as credit cards are not widely accepted outside of major cities and tourist areas. Many establishments also charge additional fees for credit card transactions. It is important to carry small bills and coins in US dollars, as the local currency (Cambodian riel) is primarily used for smaller transactions. However, some larger businesses such as hotels and supermarkets may accept credit cards and ATMs are becoming more common in urban areas.

5. Do businesses in Cambodia typically accept US dollars or do they prefer local currency?

It is common for businesses in Cambodia to accept both US dollars and the local currency, Cambodian riel. However, US dollars are typically preferred by larger businesses and tourist establishments, while smaller or local businesses may only accept riel. It is recommended to have both currencies on hand when traveling in Cambodia.

6. Are there any hidden fees or charges when exchanging money in Cambodia?

It is unlikely that there will be hidden fees or charges when exchanging money in Cambodia, but it is always best to check with the exchange provider beforehand to confirm. In some cases, there may be a small commission fee or service charge for exchanging money, but these should be disclosed upfront. Be cautious of unofficial exchange vendors who may offer better rates but could have hidden fees or scams. It is recommended to only use licensed and reputable exchange providers.

7. Can I use ATMs from my home country bank in Cambodia to withdraw money?

It depends on the bank and the type of ATM card you have. Some banks may have partnerships with Cambodian banks, allowing you to use their ATMs for free or at a discounted rate. It’s best to check with your home bank before traveling to Cambodia to see if they have any partnerships in place. If not, you may be charged a foreign transaction fee or currency conversion fee when using your home country ATM card in Cambodia. It’s always a good idea to let your bank know about your travel plans so they don’t block your card thinking it’s fraudulent activity.

8. Is it necessary to tip service workers and what is the customary amount in Cambodia?

Tipping is not a standard practice in Cambodia, but it is appreciated for good service. Here are some guidelines for tipping various service workers:

1. Restaurants and Bars: It is not expected to tip in restaurants or bars in Cambodia, but leaving a small amount (around 10% of the bill) as a gesture of appreciation for good service is appreciated.

2. Taxis and Tuk Tuks: It is not customary to tip taxi or tuk tuk drivers in Cambodia, but you can round up the fare to the nearest dollar as a way to show your gratitude.

3. Tour Guides: If you have hired a personal tour guide, tipping them at the end of your tour is a kind gesture. You can leave around $5-$10 per day per person depending on the quality of their service.

4. Hotel Staff: Tips are not expected from hotel staff, but if you feel that an individual staff member has gone above and beyond their duties, leaving a small amount (a few dollars) as a token of appreciation would be welcomed.

5. Spa Services: In upscale spas, it is common to leave around 10% of the total cost as a tip for your masseuse or therapist.

It’s important to remember that these suggested amounts are not mandatory and ultimately it should be based on your satisfaction with the service provided. As always, kindness and gratitude go much further than monetary tips.

9. Can I purchase traveler’s checks before traveling to Cambodia, and are they widely accepted?

Yes, you can purchase traveler’s checks before traveling to Cambodia. They are not as commonly used in Cambodia compared to other forms of payment such as cash or credit cards, but they are still accepted at larger hotels and some banks. It is recommended to bring a combination of different forms of payment when traveling to Cambodia.

10. Are there any restrictions or limits on bringing foreign currency into or out of Cambodia?

There are no restrictions or limits on bringing foreign currency into Cambodia. However, travelers carrying more than US$10,000 in cash or its equivalent must declare it to customs upon arrival.

There are also no restrictions on taking out foreign currency from Cambodia. However, any amounts exceeding US$10,000 must be declared to customs upon departure.

11. Do major hotels and restaurants accept credit cards, and if so, which types are most commonly accepted?

Yes, major hotels and restaurants typically accept credit cards. The most commonly accepted types are Visa, Mastercard, and American Express. Some establishments may also accept Discover or Diners Club cards. It is always best to check with the specific hotel or restaurant beforehand to ensure that they accept your specific type of credit card.

12. Are there any unique features of the currency used in Cambodia, such as coins with different values or special designs?

Yes, there are a few unique features of the currency used in Cambodia:

1. The Cambodian currency is known as the Riel (KHR). It was first introduced in 1953 to replace the French Indochinese Piastre.

2. Unlike most currencies, which have multiple denominations of notes, the Cambodian Riel only has four: 50, 100, 500, and 1,000. There used to be a larger note of 10,000 riel, but it was unpopular and eventually phased out.

3. The coins used in Cambodia are all fairly small in size with different values and designs. The one-kilo coin has a value of $0.25 (US cents) and features the portrait of King Norodom Sihanouk. The two-kilo coin also holds a value of $0.50 (US cents) and displays Angkor Wat on one side. Other coins include 50 riel and 100 riel coins.

4. The artwork on the currency reflects important cultural symbols such as temples like Angkor Wat, famous figures like King Norodom Sihanouk, traditional Khmer dance poses and other elements that represent Khmer identity.

5.The Riel is primarily used for smaller everyday transactions while US dollars are preferred for larger purchases or international transactions.

6. Despite being the official currency of Cambodia, many stores and businesses also accept Thai Baht due to its proximity to Thailand and frequent border crossings.

7.The exchange rate between US dollars and Cambodian Riels is fixed at about 4000 riels to one US dollar.

13. Is haggling acceptable when making purchases, especially in markets and smaller shops?

Yes, haggling or negotiating the price is commonly accepted in markets and smaller shops. It is seen as a cultural practice and a way to determine the true value of an item. However, it may not be appropriate in larger, chain stores or establishments with fixed prices.

14. Can I pay for goods and services with a mix of both local currency and US dollars?

Yes, many businesses in countries where the local currency is less stable or used for smaller transactions often accept US dollars as well. It’s always a good idea to ask beforehand, or be prepared with a mix of both currencies just in case.

15. What is the most convenient way to exchange money while traveling through different regions of Cambodia?

The most convenient way to exchange money while traveling through different regions of Cambodia is by using ATMs. There are many ATMs available in major cities and tourist areas, which accept international debit and credit cards. It is recommended to inform your bank beforehand about your travel plans to avoid any issues with using your card in a foreign country. Additionally, some banks may charge a foreign transaction fee for ATM withdrawals so it’s best to check with your bank before traveling. Money can also be exchanged at banks, exchange offices, and some hotels but the rates may not be as favorable as ATMs.

16. Are there alternative forms of payment in addition to cash and credit cards, such as mobile payments or digital wallets in Cambodia?

Yes, there are several alternative forms of payment in addition to cash and credit cards in Cambodia. These include mobile payments and digital wallets, which are becoming increasingly popular in the country.

1. Wing: Wing is a popular mobile payment service in Cambodia that allows users to transfer money, pay bills, and make purchases using their phone. This service is widely accepted by merchants throughout the country.

2. Pi Pay: Pi Pay is another mobile payment app that allows users to transfer money, pay for goods and services, and top up their phone credit. It also offers e-wallet services such as making online purchases and paying bills.

3. TrueMoney: TrueMoney is a digital wallet service that allows users to store money on their phone and use it for online payments or transfers. They also offer a cash pickup service at various locations throughout the country.

4. ABA Bank: ABA Bank offers a mobile banking app that allows customers to make transactions such as depositing money, paying bills, and transferring funds using their smartphone.

5. Acleda Unity: Acleda Unity is a mobile banking service offered by Acleda Bank, one of the largest banks in Cambodia. It allows customers to make basic transactions such as transferring funds and checking account balances through their phone.

Overall, these alternative forms of payment offer convenience and flexibility for users in Cambodia, especially those who may not have access to traditional banking services or do not want to carry large amounts of cash with them. Some major merchants and businesses also accept popular international payment apps such as PayPal or AliPay.

17. Is tipping expected during taxi rides, at hotels, or at other specific locations like spas or salons in Cambodia?

Tipping is not expected, but always appreciated in Cambodia. It is common to round up the fare for taxi rides, and to give a small tip to hotel staff for exceptional service. At spas or salons, a tip of 10-15% is customary if you are satisfied with the service provided.

18. Are there certain stores where tourists can receive tax refunds on their purchases before leaving Cambodia?

Yes, tourists can receive tax refunds on their purchases at designated VAT refund counters at the airports in Phnom Penh and Siem Reap. The refund amount will be in the form of cash or credit to your credit card, depending on the refund service provider.

19..How should I handle my leftover foreign currency when departing from Cambodia, including coins and smaller bills?

1. Exchange it at an authorized money changer:
The most convenient option is to exchange your leftover foreign currency at an authorized money changer before leaving Cambodia. Money changers can be found at airports, border crossings, and major tourist areas. Make sure to shop around for the best exchange rates and compare them with the official exchange rate.

2. Use it for shopping or food:
You can use your leftover foreign currency to buy souvenirs or indulge in some local food before leaving Cambodia. Many shops and restaurants in tourist areas accept major foreign currencies like US dollars, euros, and Thai baht.

3. Keep it for future travel:
If you plan to return to Cambodia in the near future, you can keep your leftover currency for your next trip. This will save you the hassle of exchanging currencies again and paying additional fees.

4. Donate it:
Consider donating your leftover foreign currency to a charity or non-profit organization working in Cambodia. Many organizations accept donations in various currencies and your small change could make a big difference for someone in need.

5. Convert it into cryptocurrency:
Some countries allow the conversion of foreign currency into cryptocurrencies like Bitcoin and Ethereum. If this is allowed in your home country, you can convert your leftover foreign currency into cryptocurrency before leaving Cambodia.

6. Spend it at duty-free shops:
If you have left some larger bills (50 USD or more), you can spend them at duty-free shops before departing from Cambodia’s international airports. However, these shops usually give change only in local currency, so make sure to ask before making a purchase.

7. Keep smaller bills for transportation:
If you are taking public transportation on your way out of Cambodia, keep some smaller bills (less than 10 USD) for paying fares.

8. Consider keeping coins as souvenirs:
While many money changers do not accept coins, they can make unique souvenirs from your trip to Cambodia. You can also use them to tip service staff or donate to charities that accept coins.

It is always a good idea to exchange your leftover foreign currency before leaving Cambodia as it may become difficult and expensive to exchange it in your home country. However, if you do have some leftover change, there are various options to make the most of it.

20. Is there a limit on the amount of local currency I can withdraw from ATMs in Cambodia each day?

Yes, there is typically a limit on the amount of local currency you can withdraw from ATMs in Cambodia each day. The exact limit may vary depending on the bank and ATM, but it is usually around $500 USD (equivalent in Cambodian riel) per day. Some banks may allow higher amounts for certain account types or for customers with a specific withdrawal limit set on their account.