Use of Riel increases significantly, says central bank

                                         A bank teller sorts riel banknotes. Fabien Mouret

Chea Chanto, Governor of NBC, in stating this added that the banking sector has continued to make progress and gained confidence from the public and investors. The active assets of banking and financial institutions increased by 24.5 percent, while loans had increased by 26 percent.

The governor called on the line general departments to continue promoting the use of Riel by strengthening the existing measures and taking new measures in line with the economic progress.

There are now more than 7.5 million deposit accounts and 3.1 million loan accounts in Cambodia. While an astonishing five million Cambodians use e-payment services.

The Riel appeared in 1955, when it replaced the formerly used Indochinese piastres.

Currently, there are 30 different Riel banknotes, of which a commemorative one of 15,000 Riel, two for 100,000 Riel; three for 50,000 Riel; two for 20,000 Riel; three for 10,000 Riel; three for 5,000 Riel; three for 2,000 Riel; five for 1,000 Riel; three for 500 Riel; one for 200 Riel, three for 100 Riel, and one for 50 Riel. Source from Khmertimes.