The National Bank of Cambodia calls on the private sector and public to use Khmer Riel

A re-issuance of the currency was made on March 20, 1980, surviving for nearly two decades before it was depreciated in the late 1990s following the opening of the market which resulted in the flooding of US dollars.

Fast forward to now, the National Bank of Cambodia (NBC) has switched up a gear to promote the widespread usage of the Khmer riel, bringing it to life and steer Cambodia’s economy into the future.“The riel makes up about 10 percent of the gross domestic product (GDP) as of now, which is considered small but significant,” says Chea Serey, director-general and assistant governor of NBC.