Cambodian riel

1 EUR = 5536.9 KHR 1000 KHR = 0.18061 EUR

1 CHF = 4525.4 KHR 1000 KHR = 0.22097 CHF

The Riel or Khmer Riel (Khmer: រៀល ) Since 1956, the currency of Cambodia. The official abbreviation according to ISO 4217 is KHR, another common abbreviation is CR. The currency was first introduced after independence in 1953. During the reign of the Khmer Rouge abolished money was in Cambodia. After the end of the regime of 1980 Riel was renewed suffering in the population but under a permanent loss of confidence.

The Cambodian Riel name in German means " tiny fish " and refers to the billions occurring in the Mekong and the Tonle Sap, a few centimeters in size, anchovy -like fish. Thus one gets exchanged a bowl of rice for 100 small fish, for example, in Cambodia.

The riel is used as a means of payment regularly only in the local trade, for larger businesses or tourism, the U.S. dollar is mainly used. Since 2007, the part of the Sam Rainsy Party and the politician Tioulong Saumura increased efforts to curb the use of the U.S. dollar as currency in Cambodia and to force the Riel. Main argument of the proponents of " Entdollarisierung " is the fact that the U.S. dollar is the common currency in the international drug and arms trade, money laundering and terrorism. For the dollar speaks against inflation safety and thus a higher propensity to invest abroad.

Although even after re-introduction of the currency again coins were minted in small numbers (the last time in 1994 to 50, 100, 200 and 500 Riel ), they are no longer found in circulation and payment transactions.