Cambodia’s De-Dollarization Push Reshapes Daily Transactions
Cambodia's dual-currency system, where the riel and US dollar coexist, is undergoing a subtle but significant shift. Authorities are systematically phasing out small-denomination dollar bills—$1, $2, and $5—from circulation, compelling merchants to reject them for everyday purchases.
The practical effect creates a tiered currency structure: riel for routine transactions, dollars reserved for larger payments. ATMs now dispense only $100 bills, forcing consumers to use local currency for day-to-day spending. This measured approach reflects Cambodia's three-decade experience with monetary pragmatism.