The ultimate guide to banking for foreigners in Cambodia

[geovalin]

It’s a well-known fact that Cambodia offers affordable living standards complemented by the trademark Asian hospitality. That’s why it’s no surprise that the Kingdom of Cambodia has been a choice destination for expatriates over the past decade.

 

However, not many discuss the nitty-gritty of actual everyday life in the country. So, to make your life easier, Realestate.com.kh is giving you the essentials of how banking works for expatriates in Cambodia! The Cambodian Riel (KHR) is the official currency of Cambodia, however, the U.S. dollar is widely accepted throughout the country. Both currencies are used in everyday transactions; with the USD used for big transactions and the KHR usually used for small purchases or as petty change.

 

According to the National Bank of Cambodia (NBC), while the KHR is growing in terms of circulation, 80% of transactions in the country are still done using the U.S. dollar. As an expat, you don’t have to worry much about this, as all banks in Cambodia support both currencies.

 

Opening a bank account

 

 

read more

https://www.khmertimeskh.com/50672348/the-ultimate-guide-to-banking-for-foreigners-in-cambodia

 

[Matzzon]

So, you need a passport, a visa and a deposit amount. Ok, sounds like most countries. Thanks!