Cambodia invests in 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. 1 Cambodian Riel = 0.001743 RMB
1 RMB = 573.6235 Cambodian Riel
10400 Cambodian Riel = 18.1304 RMB
the data is for reference only, and the transaction price at the bank counter shall prevail. Update time: 2020-04-25 11:38

3.

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

4. It seems that there is really no good way!! Set up a group and find a group of investors who have been cut to protect their rights.

5.

Today's exchange rate:

1 Cambodian Riel = 0.0016 RMB
1 RMB = 625 Cambodian Riel

6.

According to the latest exchange rate on September 2, 2020, 1 Cambodian Riel = 0.001668 RMB, 500 Cambodian currency is equal to 0.834 RMB

throughout the 1980s, the Democratic National Bank of Cambodia became the National Bank of Cambodia as Cambodia became more free and market-oriented. In the early 1990s, it changed its name back to the National Bank of Cambodia

In 1992, the UN peacekeeping forces entered Cambodia, which put great pressure on the Cambodian economy. The value of the Cambodian Riel depreciated from 800 Riel to 2000 Riel to us dollar. New 200 and 500 Riel banknotes were put into circulation, and the new 50 Riel banknote replaced the red 50 Riel banknote issued in 1980

extended information:

< P > the development of Cambodian currency. 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

For fear of aggravating the already severe inflation, Hun Sen decided not to issue the two currencies until he won the UN backed election in May of that year. However, e to the unexpected victory in the Fengxin bick party election, these notes never entered the circulation field. Bundles of banknotes flow into Thailand and are bought by collectors from all over the world

in the years after the election, Cambodians have to carry bags full of small banknotes for shopping until a series of currencies currently in use are finally in circulation. At that time, Riel had fallen to nearly 3000 to a dollar, and even a small transaction required carrying a large pocket with a large amount of paper money

7.

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

8. It's true. There are live photos and license plate photos. You can see the live photos by searching the report content on the Internet. It's true. It looks very powerful

9. For example, if you open a shop for five years, you have to pay a deposit of one year. If you open a middle-class shop for us $1000, you have to pay a deposit of US $12000 a month. Then you have to pay some miscellaneous fees, with an average of US $300 a month. In Cambodia, you have invested about US $100 in decoration. What do you think about investing

10. It's not like
the two countries, that is, the writing of numbers is somewhat similar. Cambodian writing is much more complex than Thai writing.