ATM USD or local currency (Cambodian Riel)
ATM USD or local currency (Cambodian Riel)
Hi I am a newbie to this forum. I have travelled to Thailand extensively but they become anti tourists expat was thinking coming to cambodia. I saw a YouTube video where they said most places like stores, bars , restaurants etc only accept USD ?
They also said to withdraw USD from ATM rather than the local currency? Is this correct . It also said to withdraw low denominations such as 10,20,50 noted as $100 US notes are hard to change
Any advice would be appreciated
Also
They also said to withdraw USD from ATM rather than the local currency? Is this correct . It also said to withdraw low denominations such as 10,20,50 noted as $100 US notes are hard to change
Any advice would be appreciated
Also
Re: ATM USD or local currency
Be wise to withdraw $ from ATM's. $100 bills are not overly difficult to change, depends where your spending them. Paying a $3 bill in a Mom & Pop store with a $100 will be a challenge, but most bars/restaurants/mainstream stores should be no issues.darrenrr wrote: ↑Mon Jul 08, 2019 10:03 pm Hi I am a newbie to this forum. I have travelled to Thailand extensively but they become anti tourists expat was thinking coming to cambodia. I saw a YouTube video where they said most places like stores, bars , restaurants etc only accept USD ?
They also said to withdraw USD from ATM rather than the local currency ? Is this correct . It also said to withdraw low denominations such as 10,20,50 noted as $100 US notes are hard to change
Any advice would be appreciated
Also
USD is the generally accepted currency, but change will often be a mix of $$ and Riel. (NB: approx 4,000 riel is $1) Keep a few dollars worth of riels for tuktuks/PassApp/Grab rides and buying a water/soda from a store. You'll not go wrong and you'll pick up the local nuances fairly quickly. Enjoy Cambodia, I know I did.
Re: ATM USD or local currency
Some other more seasoned posters may also help guide you around the pitfalls of fake currency, especially $100 bills. Check your bills. Also, I last visited Phnom Penh in June, and I had a couple of $5 bills rejected because they were (I think) pre AD 2000. (I'd got them from a Travelex when I changed some money on my outward journey.)
Re: ATM USD or local currency
Many thanks for the replies!
Is fake US dollars a real problem a lot more than Thailand ?
2. If I get my bills from a bank ATM should they be okay ?
3. Does the ATMs give you the option of smaller denominations being dispensed from the machine ?
4. If you are going to a Seven Eleven or paying for some lady company is US preferred ?
Is fake US dollars a real problem a lot more than Thailand ?
2. If I get my bills from a bank ATM should they be okay ?
3. Does the ATMs give you the option of smaller denominations being dispensed from the machine ?
4. If you are going to a Seven Eleven or paying for some lady company is US preferred ?
Re: ATM USD or local currency
Yes. But if you keen an eye on your money and use common sense you'll be OK.
Yes, but there are some urban myths about ATM's giving out 'ghost money' with the cord 'copy' printed on it.
No, just withdraw a number like 280 USD and you will get some 10's and 20's too.
Seven eleven? What's that?
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Re: ATM USD or local currency
Unless you have a local account you won't have the option of withdrawing Riel.
You can't choose which notes the machine gives out unless you go for a number like $90, anyway that information is out of date - it's not at all difficult to get change.It also said to withdraw low denominations such as 10,20,50 noted as $100 US notes are hard to change
Any advice would be appreciated
Silence, exile, and cunning.
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Re: ATM USD or local currency
It’s pretty easy when you get here.
Everywhere will accept both (except a couple of government depts).
Don’t try to pay with too high denominations when in a small store.
When in a western oriented place most likely use dollars, in a Cambodian place, use riel if you have enough but they will also take dollar.
Check your dollars when given back in change and don’t accept any looking a bit ropey (taped back together, corner missing, tear, cut, too old), they will usually give you a new one no questions asked.
Just use some common sense and don’t be overly concerned about it and you’ll be fine.
Everywhere will accept both (except a couple of government depts).
Don’t try to pay with too high denominations when in a small store.
When in a western oriented place most likely use dollars, in a Cambodian place, use riel if you have enough but they will also take dollar.
Check your dollars when given back in change and don’t accept any looking a bit ropey (taped back together, corner missing, tear, cut, too old), they will usually give you a new one no questions asked.
Just use some common sense and don’t be overly concerned about it and you’ll be fine.
e: ATM USD or local currency
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?
Is Riel pegged to USD? Or is the currency really that stable?
Re: e: ATM USD or local currency
It's pretty stable but it also accounts for just a small part of the Cambodian economy. USD is king.
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