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

Joy as Koh Ker Temple registered by UNESCO
Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in
Famed US collector family return artefacts to Cambodia
In the latest repatriation of ancient artefacts from the US, a total of 33 pieces of Khmer cultural heritage will soon return home, according to the Ministry of Culture and Fine Arts. In a September 12 press statement, it said the US Attorney’s Office for the
Tina rebuffs ‘false claims’ over falling paddy price
Agriculture minister Dith Tina has shed light on the trade of paddy rice in Battambang – Cambodia’s leading rice-producing province – in a bid to curb what he dubs a “social media fact distortion campaign” to destabilise the market. While acknowledging that the prices of paddy
Cambodia set to celebrate Koh Ker UNESCO listing
To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable
Kampot curfew imposed to curb ‘gang’ violence
Kampot provincial police have announced measures to contain a recent spike in antisocial behaviour by “unruly’ youth. Officials say the province has been plagued by recent violence among so-called “gang members”, who often fight with weapons such as knives and machetes. Several social observers have
PM outlines plans to discuss trade, policy during US visit
Prime Minister Hun Manet is set to meet with senior US officials and business leaders during his upcoming visit to the US for the UN General Assembly (UNGA), scheduled for September 20. While addressing nearly 20,000 workers in Kampong Speu province, Manet said he aims to affirm