Complete Guide to Currency, Payments, and Money Management in Phnom Penh (2025)
Money in Phnom Penh is more than just a practical concern—it’s part of the traveler experience.
The bustling capital of Cambodia welcomes visitors with vibrant culture, historical landmarks, and warm hospitality.
To make the most of your time here, it’s important to understand how money works on the ground.
Phnom Penh blends traditional cash-based transactions with modern financial services, offering everything from riel notes to digital wallets.
You might find yourself buying souvenirs at a lively street market, sipping coffee by the riverside, or touring the Royal Palace—each experience is easier when you know how to handle local payments.
This guide covers the major types of currency, where to exchange money, the legal status of cryptocurrency in Cambodia (as of 2025), and the full range of payment options available to travelers.
Let’s dive into how to manage your money in Phnom Penh with confidence.
Money in Phnom Penh: Understanding the Currencies Used
Phnom Penh operates on a dual-currency system, making it one of the few cities in the world where two currencies circulate seamlessly.
Both the Cambodian Riel (KHR) and the United States Dollar (USD) are widely accepted in daily transactions, from markets to modern malls.
The U.S. Dollar: King of Convenience
Since the 1990s, the U.S. dollar has played a central role in Cambodia’s economy.
Many prices—especially at hotels, restaurants, and tourist services—are listed in USD.
You’ll find ATMs that dispense dollars, and most large transactions, such as hotel stays or tours, are conducted in greenbacks.
USD coins, however, are not used in Cambodia.
Instead, for change under $1, vendors give Khmer Riel (KHR).
For instance, if you pay $5 for an item that costs $4.50, expect to receive around 2,000 Riel in return—roughly $0.50.
The Cambodian Riel: Still Very Much Alive
While the U.S. dollar dominates larger transactions, the Cambodian Riel (KHR) remains essential for everyday spending.
You’ll commonly use Riel at local markets, street stalls, and when paying for public transportation, including tuk-tuks, snacks, and bottled water.
As of 2025, the exchange rate hovers around 1 USD = 4,000 KHR, though minor fluctuations are normal.
Money in Phnom Penh | Khmer Riel Banknotes
The Cambodian Riel (KHR) comes in several denominations, but no coins are in use. The banknotes currently in circulation include:
100 Riel
200 Riel
500 Riel
1,000 Riel
2,000 Riel
5,000 Riel
10,000 Riel
20,000 Riel
50,000 Riel
100,000 Riel
Most daily transactions will involve denominations up to 10,000 Riel. It’s uncommon to encounter the 50,000 and 100,000 Riel notes unless you’re handling government transactions or making high-value purchases.
Despite multiple visits to Cambodia spanning several decades, we’ve never come across the 200 Riel note.
During one of our recent trips, however, we discovered a 2,000 Riel banknote on the streets of Phnom Penh—a rare find!
Where to Exchange Money in Phnom Penh
Arriving in Phnom Penh with U.S. dollars is a smart move, as they are widely accepted and easy to exchange.
If you’re carrying a foreign currency or need to convert your dollars into Riel for smaller purchases, several reliable exchange options are available throughout the city.
1. Money in Phnom Penh | Currency Exchange Booths
Money changers are abundant throughout Phnom Penh, especially in busy areas like Central Market (Phsar Thmei), Russian Market (Toul Tom Poung), and Orussey Market.
These booths often offer better rates than banks and provide quick, efficient service.
Before exchanging money, always count your cash carefully and ensure the notes are in good condition—torn or excessively worn U.S. dollar bills may not be accepted, even by vendors.
At Cambodia Bucket List, we’ve used several exchange booths in the city, and most experiences have been smooth.
However, one exchange office tried to short-change us by delaying the second half of our exchanged money—it felt like a scam.
Our go-to spot for buying and selling currency is the Wing exchange booth near Kandal Market.
The man running this booth is honest and consistently offers good exchange rates.
2. Money in Phnom Penh | Banks and ATMs
Major Cambodian banks like ACLEDA Bank, Canadia Bank, and ABA Bank offer currency exchange services.
ABA Bank Official Website: https://www.ababank.com/
ACLEDA Bank Official Website: https://www.acledabank.com.kh/
Canadia Bank Official Website: https://www.canadiabank.com.kh/
While the exchange rate might be slightly less favorable than at local money changers, you gain the security of using a regulated institution.
ATMs are widespread across Phnom Penh, and many dispense both Riel and U.S. dollars.
Be mindful of withdrawal fees, which can vary based on your home bank and the Cambodian ATM provider.
Cambodia Bucket List Tip! For added security, it’s best to withdraw money only from ATMs inside banks.
3. Money in Phnom Penh | Hotels and Airports
Both hotel front desks and Phnom Penh International Airport offer currency exchange services.
While these locations are convenient, they typically provide less favorable exchange rates.
It’s best to use them for small, immediate currency needs rather than for large currency conversions.
The Rise of Cryptocurrency in Phnom Penh
Cryptocurrency is gaining attention worldwide, and Cambodia is no exception.
In Phnom Penh, digital currencies have sparked interest among tech-savvy locals and expats alike.
However, the regulatory environment surrounding cryptocurrency remains tightly controlled by the government.
Legal Status of Cryptocurrency in Cambodia (2025)
As of 2025, cryptocurrencies are not considered legal tender in Cambodia.
The National Bank of Cambodia (NBC) continues to caution against the use of decentralized digital currencies like Bitcoin, Ethereum, and others.
The NBC prohibits commercial banks, microfinance institutions, and payment service providers from engaging in cryptocurrency transactions.
Despite these regulatory constraints, the NBC has embraced blockchain technology through Bakong, Cambodia’s official central bank digital currency (CBDC).
Launched in 2020 and continually expanded since, Bakong serves as a mobile payments system integrated with local banks and e-wallets.
Bakong Official Website: https://bakong.nbc.gov.kh/
Crypto Use in Daily Life
While tourists won’t be able to pay for goods and services in Bitcoin or Ethereum in Phnom Penh, there are informal groups and digital communities discussing crypto trading.
However, authorities closely monitor these activities.
Crypto ATMs are not legally operational, and businesses accepting cryptocurrency risk penalties.
If you’re a crypto investor or enthusiast visiting Phnom Penh, it’s best to stay within the legal framework.
Bakong, not Bitcoin, is the government-endorsed digital solution.
Alternative Payment Methods in Phnom Penh
Phnom Penh is modernizing its financial landscape, and digital payment options are becoming increasingly popular, especially among younger locals and expatriates.
1. Mobile Wallets
Apps like ABA Mobile, Pi Pay, Wing, and TrueMoney have seen widespread adoption in Phnom Penh.
You can use these platforms to pay for food, transport, and utilities.
Some tuk-tuk drivers and local shops now accept QR code payments, particularly in urban neighborhoods.
ABA Mobile stands out as the most widely used banking app.
Its functions include interbank transfers, utility payments, and even bill splitting at restaurants.
Tourists with local SIM cards and ABA accounts can use the app efficiently during their stay.
2. QR Code Payments
Thanks to the Bakong system, many merchants and service providers now support QR code transactions.
The integration of QR-based payments offers a cashless experience, even in smaller establishments, bridging the gap between tradition and innovation.
3. Credit and Debit Cards
Hotels, supermarkets, and high-end restaurants usually accept international credit and debit cards.
Visa and Mastercard are the most widely accepted.
However, many smaller businesses still prefer cash.
Be prepared to pay a surcharge of 2–3% at some places when using cards.
Deeper Insight: The Cambodian Banking Experience for Visitors
For travelers staying longer than a quick weekend, getting familiar with Cambodia’s banking infrastructure offers additional benefits.
In recent years, Phnom Penh’s financial system has evolved to accommodate both locals and international visitors, thanks in part to an influx of expats and digital nomads.
Opening a Local Bank Account
Although short-term tourists don’t typically open bank accounts, travelers staying a month or more may find it useful.
Most major banks, such as ABA, Canadia Bank, and Phnom Penh Commercial Bank (PPCB), allow foreigners to open accounts with a valid passport and visa.
Some may require a local address or a letter of employment, but many have streamlined the process due to the growing expat community.
A local account provides perks like lower ATM fees, seamless transfers, and access to the popular ABA Mobile app.
This is especially convenient for digital nomads, freelancers, or retirees who prefer to avoid carrying large amounts of cash.
Using Western Union and MoneyGram
If you need to receive money from abroad, Western Union and MoneyGram services are widely available across Phnom Penh.
These services are ideal for travelers who lose their cards or need emergency funds sent from home.
Many banks, post offices, and standalone kiosks handle these services efficiently.
Traveler’s Checks: A Thing of the Past
Traveler’s checks were once a go-to solution for international travel.
In Phnom Penh, however, they are now rarely accepted.
Even banks are reluctant to process them.
Digital banking and card-based transactions have made these paper checks obsolete.
Instead, travelers should carry a mix of cash, a travel-friendly debit card, and access to digital wallets if possible.
Market Tips: Bargaining and Price Expectations
Shopping in Phnom Penh, whether in traditional markets or boutique stores, presents an opportunity where knowledge of money can enhance your experience.
Street Markets vs. Malls
In traditional markets like Central Market and Russian Market, haggling is expected and part of the shopping culture.
Vendors often quote higher prices to tourists, so polite negotiation can lead to better deals.
Carrying Khmer Riel helps when settling odd-numbered totals and shows that you’re familiar with local norms.
In contrast, modern shopping malls such as Aeon Mall or Exchange Square follow a fixed-price model.
These locations accept USD and major credit cards, with prices clearly displayed in both Riel and dollars.
Tipping in Phnom Penh
Tipping isn’t a traditional practice in Cambodia, but it’s always appreciated—especially for good service.
In upscale restaurants or hotels, leaving a $1–$2 tip is a thoughtful way to show appreciation.
Tuk-tuk drivers, massage therapists, and tour guides are also grateful for small tips, particularly when given in clean U.S. dollar bills.
Scams and Safety: Staying Vigilant with Your Money
While Phnom Penh is generally considered safe for travelers, it’s important to stay vigilant when handling cash, exchanging currency, or using ATMs.
Keeping an eye on your money and avoiding isolated or poorly lit areas during withdrawals can help prevent unwanted surprises.
Money in Phnom Penh | Common Related Scams
Some taxi drivers and street vendors may try to shortchange tourists, especially if you’re unfamiliar with Khmer Riel denominations.
Always double-check your change and know the approximate value of each bill.
Avoid accepting damaged or discolored U.S. dollar bills, as vendors and banks may refuse them later.
While counterfeit currency is rare, it’s still a risk—particularly with high-denomination Riel notes like 50,000 or 100,000 KHR.
To minimize scams, use official money changers, bank-affiliated ATMs, and reputable exchange booths.
If someone on the street offers a “too-good-to-be-true exchange rate,” walk away—it probably is.
Money in Phnom Penh | Protecting Your Valuables
Always carry cash in a money belt or neck pouch, and never leave valuables unattended—especially in tuk-tuks.
Most hotels and guesthouses provide safes or lockers, so take advantage of them for storing passports, cards, and extra money.
If your debit or credit card is lost or stolen, cancel it immediately and use a service like Western Union to receive emergency funds.
Want an extra layer of protection? Tuck a US$100 bill, wrapped in plastic, into one of your shoes.
In a worst-case scenario, that emergency cash can cover a hostel, food, and basic logistics while you arrange new funds.
Phnom Penh’s Financial Future: Looking Ahead
Cambodia is actively advancing in the realm of digital financial services.
The government’s strong support for Bakong, its official central bank digital currency (CBDC), signals a push toward a cashless society, even as it maintains caution toward decentralized cryptocurrencies.
In the near future, more merchants in Phnom Penh are likely to adopt QR code payments, making transactions even smoother for tech-savvy travelers.
Thanks to a young, tech-literate population and an increasingly open economy, Phnom Penh is quickly emerging as one of Southeast Asia’s most dynamic cities for commerce and tourism.
To truly manage your money in Phnom Penh, you’ll need more than just an understanding of exchange rates.
It’s about adapting to local customs, embracing digital payment tools, and staying informed about financial regulations.
By planning ahead and staying flexible, you can experience the energy and culture of Cambodia’s capital—without stressing over your wallet.
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