ATM USD or local currency (Cambodian Riel)

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hiway5
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Re: ATM USD or local currency

Post by hiway5 »

You can use your card to get USD inside the bank. Costs slightly more than the atm. That way you can check the notes in front of the staff.

Can change big notes eg 100s at moneychangers. If you ask for $70 in USD and $30 in riel
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John Bingham
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Re: e: ATM USD or local currency

Post by John Bingham »

CamExpat wrote: ↑Tue Jul 09, 2019 9:21 am Just curious and slightly off topic.... exchange rate doesnt seem to have changed much in last 5 years...

Is Riel pegged to USD? Or is the currency really that stable?
It's been the same rate for about 20 years, it does fluctuate a bit but somehow the central bank adjusts it to a stable level.
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Kayve
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Re: ATM USD or local currency

Post by Kayve »

Kammekor wrote: ↑Tue Jul 09, 2019 8:31 am
darrenrr wrote: ↑Tue Jul 09, 2019 8:17 am 4. If you are going to a Seven Eleven or paying for some lady company is US preferred ?
Seven eleven? What's that?
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phuketrichard
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Re: ATM USD or local currency

Post by phuketrichard »

someday Cambodia will have 7/11 's as no town in Thailand would be without;
for now
siem Reap settles with a 6/11

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In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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cptrelentless
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Re: ATM USD or local currency

Post by cptrelentless »

The Riel still isn't internationally traded so yes, it's pegged to the dollar. You can't take Riel to another country. Surprisingly, for me anyway, you can change VND although it has to be bigger than 50,000.
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johnny lightning
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Re: ATM USD or local currency

Post by johnny lightning »

You can take as much riel to another country as you want. Unfortunately it is only good for ass wipe.

Johnny
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darrenrr
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Re: ATM USD or local currency

Post by darrenrr »

When you withdraw from an ATM does it ask you if you want USD or Local currency and if so what is the best to withdraw in terms of currency conversion rates?
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Kammekor
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Re: ATM USD or local currency

Post by Kammekor »

phuketrichard wrote: ↑Tue Jul 09, 2019 12:03 pm someday Cambodia will have 7/11 's as no town in Thailand would be without;
7/11 has been trying a long time, but hasn't been allowed. If they come to Cambodia they will wipe out all local mini marts in no time.
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Kayve
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Re: ATM USD or local currency

Post by Kayve »

Kammekor wrote: ↑Fri Jul 12, 2019 10:50 am
phuketrichard wrote: ↑Tue Jul 09, 2019 12:03 pm someday Cambodia will have 7/11 's as no town in Thailand would be without;
7/11 has been trying a long time, but hasn't been allowed. If they come to Cambodia they will wipe out all local mini marts in no time.
Read few days ago that CP group got 7/11 master franchise for Cambodia and Laos market so it'll be coming soon I guess.
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John Bingham
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Re: ATM USD or local currency

Post by John Bingham »

darrenrr wrote: ↑Fri Jul 12, 2019 10:41 am When you withdraw from an ATM does it ask you if you want USD or Local currency and if so what is the best to withdraw in terms of currency conversion rates?
John Bingham wrote: ↑Tue Jul 09, 2019 8:55 am Unless you have a local account you won't have the option of withdrawing Riel.
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