Cambodian banks support virtual currency

1.

The currency of Cambodia is Khmer . According to the exchange rate on December 6, 2019, 100 RMB = 56895.45 Khmer

the exchange rate between RMB and Cambodian Riel is 1 RMB = 568.9545 Cambodian Riel; 1 Cambodian Riel = 0.0018 RMB

After the liberation of Phnom Penh on January 7, 1979, the people's Democratic Republic of Cambodia announced that a new set of currency was being prepared. It began to circulate on March 20, 1980. While retaining the currencies of the socialist neighbors, these currencies are not signed, depicting the pastoral scenery of Cambodia. Together with the money issued in 1987, they were used until the early 1990s, when the severe economic crisis led to the abandonment of small denominations

First, if the local currency depreciates, then the purchasing power of foreign currency will be strong, so a certain amount of foreign currency can buy more domestic procts, which means that the price of domestic procts in the international market is relatively cheap, thus increasing exports; On the other hand, if the local currency depreciates, the price of foreign goods will be expensive, so the domestic imports will inevitably decrease

Therefore, the result of RMB devaluation is to expand exports, restrain imports, increase trade surplus and promote economic development

The devaluation of local currency will cause trade frictions, which is not concive to the stability of national economy

Devaluation will not solve the problem of external demand slowdown. Although devaluation will help export enterprises survive because of cost rection, it is difficult to last. Especially for the instries that have lost competitiveness in China, devaluation will only delay the exit time of instries

2.

The currency used in Cambodia is called Riel

Cambodian Riel, also known as Cambodian Riel; J RI., standard symbol: KHR) the legal tender name of Cambodia

e to the daily fluctuation of Riel value, there is a real demand for high face value notes. A batch of 1000 Riel banknotes made in Russia and 2000 Riel banknotes printed in Germany, which Hun Sen intended to issue, were transported to Cambodia in early 1993

expansion:

development course

from 1941 to 1945, ring the two World War, French Indochina was first administered by the Vichy government of France (then the Japanese Alliance), and later ruled by the Japanese. After the surrender of Japan and the return of France to Indochina, the Federation of Indochina was established, giving each country a limited independence within the French Federation, which continued until 1954 when Kampuchea was completely independent. p>

after Cambodia's independence from France until October 1955, Cambodia was unable to issue its own currency. After that, the National Bank of Cambodia was responsible for the issuance of all currencies until the Khmer Rouge captured Phnom Penh on April 17, 1975

The initial series of notes were printed in France and issued in March 1995. Interestingly, the designs of these notes are all based on the designs of the coins that were issued in the 1950s and 1960s. The green 1000 Riel note is almost the same as the red 5 Riel note that was first issued in 1961

5000 Riel is a of October Riel in 1962. The other 1000 Riel is equivalent to 100 Riel in 1956. 20000 Riels originated in January 1956. 50000 Riels originated in 1963. 100000 Riels, though not obvious, also came from 500 Riels in 1956

3.

The general legal tender of Cambodia is KHR, which is issued by the Central Bank of Cambodia. As early as 1863, the king of Cambodia made a treaty to take reil as the national legal tender

the currency issued in Cambodia is called Riel, with denominations of 100 Riel, 500 Riel, 1000 Riel, 2000 Riel, 5000 Riel (not yet issued), 10000 Riel, 20000 Riel, 50000 Riel and 100000 Riel respectively

the currency commonly used in Cambodia is US dollar in addition to Riel, and the exchange rate between Riel and US dollar is still fixed, usually one US dollar can be exchanged for 4000 Riel

The initial series of banknotes were printed in France and issued in March 1995. Interestingly, the designs of these notes are all based on the designs of the coins that were issued in the 1950s and 1960s. The green 1000 Riel note is almost the same as the red 5 Riel note that was first issued in 1961. Similarly, the 2000 Riel note is almost a replica of the blue 50 Riel, which was launched in 1956

5000 Riel is a of October Riel in 1962. The other 1000 Riel is equivalent to 100 Riel in 1956. 20000 Riels originated in January 1956. 50000 Riels originated in 1963. 100000 Riels, though not obvious, also came from 500 Riels in 1956

exchange rate

1 RMB (CNY) = 584.46 KHR

1 US dollar (USD) = 4000 KHR

1 (GBP) = 5983.6 KHR

1 EUR = 4322 KHR

4. Exchange: U.S. dollar and R in Cambodia, U.S. dollar and R in Cambodia, about $1 = 4000R. Generally, shops and restaurants charge both. If they encounter small change in US dollars, they usually charge small change according to the conversion of US $1:4000r. However, in the market, they can often exchange it with us $1:4200, so it's more cost-effective to counter-offer with us $R. Hotels, tickets and car rentals are mostly only US dollars. All hotels and markets in Siem Reap, Phnom Penh have exchange points. There are a lot of Chinese shops and restaurants in both Phnom Penh and Siem Reap. However, most of them do not accept RMB because of circulation problems. Master / visa card can be used in most supermarkets and stores. UnionPay card can only be used in the Bank of Canada in Siem Reap, and its logo is not seen in other places.

5. When a domestic bank remits money to an overseas bank, it needs to know the currency supported by the other bank. When the remitting bank transfers money according to the exchange rate, there will be a certain remittance fee and limited amount. The specific requirements of the remitting bank should be followed.

6. Take the bank card to the local bank
insert the bank card and enter the password
select withdrawal business and withdrawal amount
if the withdrawal is successful, print the voucher (or not)
note:
please fold the cash neatly when you put it in cash
confirm that the card number is correct to prevent wrong account deposit
SMS reminder can be opened, and you need to check when you arrive
to sum up, the postal cards handled by Shahe City can withdraw money in Yulin City, and a certain handling fee will be charged. Please consult your local post bank for details.

7. 1. In Cambodia, it can be used locally
2. In China, you can only go to the bank to exchange or to the collection market to sell in RMB.

8. Invoice, contract, customs declaration, counter party information and other information need to be reviewed by the bank. Basically, the materials of your transaction will be reviewed by the bank!

9. This is bullshit
you can look at the financial procts of various banks. In fact, the interest rate is still very high
and P2P procts are popular, which indicates the difficulty of financing
if the interest rate is negative, then financing should be very easy, not unable to finance

the reason why the country says this is to trick you to spend money, especially to buy a house