Logo of Phnom Penh Post newspaper Phnom Penh Post - Local currency: Cambodia to circulate new note

Local currency: Cambodia to circulate new note

Local currency: Cambodia to circulate new note

Marking the 60th anniversary of Cambodian independence, a new 2,000 riel note was introduced into circulation over the weekend.

After Prime Minister Hun Sen signed the necessary sub-decree, the National Bank of Cambodia (NBC) announced the official release on Saturday, coinciding with Independence Day.

The front portrays the late King Father Norodom Sihanouk, while the back commemorates his achievement in gaining independence. They “are issued to commemorate the 60th anniversary of Independence Day, an important and historical day in Cambodia”, Chea Serey, director general of the NBC, said. She did not say how many new 2,000 riel notes were printed.

“The new notes are to replace the old 2,000 riel notes and will not increase money in circulation,” she said when asked whether issuing more notes could trigger inflation.

In May, a new 100,000 riel note was released.

MOST VIEWED

  • NY sisters inspired by Khmer heritage

    Growing up in Brooklyn, New York, Cambodian-American sisters Edo and Eyen Chorm have always felt a deep affinity for their Cambodian heritage and roots. When the pair launched their own EdoEyen namesake jewellery brand in June, 2020, they leaned heavily into designs inspired by ancient Khmer

  • Cambodia records first Omicron community case

    The Ministry of Health on January 9 reported 30 new Covid-19 cases, 29 of which were imported and all were confirmed to be the Omicron variant. The ministry also reported 11 recoveries and no new deaths. Earlier on January 9, the ministry also announced that it had detected the Kingdom's

  • The effects of the USD interest rate hike on Cambodian economy

    Experts weigh in on the effect of a potential interest rate expansion by the US Federal Reserve on a highly dollarised Cambodia Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by

  • PM eyes Myanmar peace troika

    Prime Minister Hun Sen has suggested that ASEAN member states establish a tripartite committee or diplomatic troika consisting of representatives from Cambodia, Brunei and Indonesia that would be tasked with mediating a ceasefire in Myanmar. The premier also requested that Nippon Foundation chairman Yohei Sasakawa

  • Kampot tourism quay ‘90% done’

    Construction on Kampot International Tourism Port – a 4ha quay in Teuk Chhou district about 6km west of Kampot town – has fallen off track, reaching 90 per cent completion, according to a senior Ministry of Tourism official last week. The project is now planned to be finished

  • Demining rat ‘hero’ Magawa dead at 8

    A landmine-hunting rat that was awarded a gold medal for heroism for clearing ordnance from the Cambodian countryside has died, his charity said on January 11. Magawa, a giant African pouched rat originally from Tanzania, helped clear mines from about 225,000sqm of land – the equivalent of 42