Cambodian Riel in Chinese Yuan Renminbi

KHR Cambodian Riel

Country of application:
Cambodia

Coin denominations in circulation:
50, 100, 200, 500 riels.

Denominations of banknotes in circulation:
100, 500, 1000, 2000, 5000, 10000, 20,000, 50,000 riels.

History reference:
Riel is the national currency of Cambodia. Before the introduction of the riel, the Indo-Chinese piastre was the monetary unit in Cambodia, to which the countrys new money was equated. The Pol Pot re...gime was preparing to introduce its own banknotes, they were printed, but they did not have time to enter circulation. In the days of the Khmer Rouge (Kampuchea), rice was the de facto currency in the country. Money and the banking system (April 1975) as a whole were abolished. The origin of the term riel is debated, with some arguing that it comes from the Khmer word for small fish. Others say it comes from the high-silver Mexican real used by Malay, Chinese and Indian traders in the mid-19th century. This version of the riel remained in effect until 1975, when the Khmer Rouge took over the country and the money was abolished. After the 1979 invasion of Vietnam that drove out the Khmer Rouge, the second and current version of the riel was introduced in 1980 when the Central Bank was restored. With no money to replace new banknotes and the economy in decline, the government first had to distribute the money to the public.

CNY Chinese Yuan Renminbi

Country of application:
PRC

Coin denominations in circulation:
1 yuan, 5, 2 and 1 jiao.

Denominations of banknotes in circulation:
100, 50, 20, 10, 5, 2 (rare) and 1 yuan, as well as 5, 2 and 1 jiao.

History reference:
The Chinese Yuan is the official currency of the Peoples Republic of China. Until the beginning of the 20th century, in China, for large-scale settlements, they used silver ingots - lyans. Small purc...hases were made using bronze round coins with a square hole in the center - qian, which Europeans call "keshi". Silver yuan began to be made in 1835. The use of silver coins and silver liang was banned in China in 1935. Instead, a boom in paper money began to grow - fabi. A certain easing in monetary policy occurred only in 2005, when the Chinese authorities carried out a revaluation of the yuan, raising its value by 2%. By 2008, the yuan appreciated by more than 20% to 6.82 yuan per US dollar. Nevertheless, even today, the PRC continues to enjoy certain foreign trade advantages, which are based on the undervalued exchange rate of the national currency.