New Khmer Riel Banknotes in Circulation

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rgrowden
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Re: New Khmer Riel Banknotes in Circulation

Post by rgrowden »

I recently saw an older Khmer gentleman pay for medicine at a pharmacy with 100 riel notes - hundreds of them.

I save all the 100 and 500 riel notes I get for a year, then give them to my tuktuk guy every January. He seems to appreciate them, bought a garish pair of shoes the last time. I estimated there's about $20 worth of small bills in the stack.
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BobtheBillder
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Re: New Khmer Riel Banknotes in Circulation

Post by BobtheBillder »

Doc67 wrote: ↑Tue Nov 15, 2022 2:10 pm What's the point of a 200Riel note? That's 5c. Is there any other country that issues a 5c equivalent note?

The 500's are in a terrible condition because they are used all the time. The 100's are only given in change by shops with cash registers that insist on the 4100 riels to the $ and use 100's to secure their little profits. Those 100's then end up at home in a pile at home. I have hundreds of them and they are almost all in perfect condition, which tells me nobody else uses them either.

I wonder what is the all-in cost of printing and securely delivering these 100 and 200 notes and it they actually make a profit on them.
I used to keep a 50 riel note in my wallet for good luck.
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