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Local currency: Cambodia to circulate new note

Nov 11th at 13:58
11-11-2013 13:58:03+07:00

Local currency: Cambodia to circulate new note

Marking the 60th anniversary of Cambodian independence, a new 2,000 riel note was introduced into circulation over the weekend.

After Prime Minister Hun Sen signed the necessary sub-decree, the National Bank of Cambodia (NBC) announced the official release on Saturday, coinciding with Independence Day.

The front portrays the late King Father Norodom Sihanouk, while the back commemorates his achievement in gaining independence. They “are issued to commemorate the 60th anniversary of Independence Day, an important and historical day in Cambodia”, Chea Serey, director general of the NBC, said. She did not say how many new 2,000 riel notes were printed.

“The new notes are to replace the old 2,000 riel notes and will not increase money in circulation,” she said when asked whether issuing more notes could trigger inflation.

In May, a new 100,000 riel note was released.

phnompenh post

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