money in cambodia currency
Before you set off on your tuktuk adventure through Cambodia’s breathtaking landscapes, it’s crucial to understand how the local currency works. From the bustling streets of Phnom Penh to the tranquil temples of Angkor Wat, being prepared with the right financial know-how will allow you to focus on the experiences that matter.
Money in Cambodia | Currency
When handling money in Cambodia, most places use an exchange rate of USD 1 = 4,000 KHR, although the actual rate fluctuates around 1:4,100. There was previously an issue with ripped US dollar notes being rejected, but a recent government decree has resolved this. Vendors should now accept (slightly) damaged notes. However, if you’re bringing USD with you, it’s still a good idea to carry clean, undamaged bills to avoid any potential issues. Additionally, market vendors and small stores often struggle to provide change for denominations larger than $20, so carrying smaller notes is advisable for small purchases.
Can I withdraw money in Cambodia?
When it comes to money in Cambodia, ATMs are widely available in major cities. You can withdraw funds in either US Dollars or Riel. Both currencies are accepted across the country, with most prices listed in US Dollars. However, you can ask to pay in Riel and may receive a mix of both currencies as change.
Most ATMs in Cambodia charge a withdrawal fee, which can exceed $5. Fees vary by bank, so it’s worth shopping around for one with lower fees. Popular banks like ABA, Canadia Bank, ACLEDA, and BRED Bank accept international cards, including Visa and Mastercard. Not all ATMs accept foreign cards, so you may need to try a few before you find one that works.
Before using an ATM, check if your home bank charges additional international withdrawal fees. To save on costs, withdraw a larger amount in one transaction. This will help you avoid paying multiple fees during your stay.
Can I use a card to pay in Cambodia?
Card payment works in many tourist destinations, restaurants, and larger stores, but it’s not the primary payment method in Cambodia. Many small vendors, street markets, and rural areas still require cash money in Cambodia. To stay safe, always carry cash, and don’t rely solely on your card.
QR Code Payments: The Local Way
The most common way of paying in Cambodia is through QR codes, which you will see almost everywhere, even at the smallest street vendors. This is how locals make payments. Simply use your phone to scan the QR code, and you can pay on the spot. It’s fast, convenient, and widely accepted, making it an easy way to manage your money in Cambodia.
The Bakong Tourist App (QR Code)
If you want to shop like a local, use the Bakong Tourist App to pay with QR codes. To get started, download the app from your app store, register by uploading a picture of your passport, and wait for verification (this may take a few hours).
Once you’re verified, link your personal bank card under the “Cards” section. Then, use the “Withdraw from Card” option to load money in Cambodia onto the app. You’ll pay a small fee for loading funds, but it’s much lower than ATM withdrawal fees. Test the app by loading a small amount first to make sure everything works smoothly. You can also transfer funds between USD and Riel at the standard exchange rate, making it flexible for all types of payments.
Keep in mind that you need an internet connection to use the app. However, this won’t be an issue if you have a local SIM card. The Bakong App helps you embrace the local payment system while avoiding the hassle of carrying money in Cambodia.