Cambodia Condemns Thai Military Attack on Preah Vihear Temple | Cambodia Confirms Troops Still Holding Mount Trop as Thailand Cannot Raise Flag on Sovereign Territory | Cambodia and Thailand Clashes Enter Third Day as Casualties Rise to 33 | UN Security Council Urges Restraint as Thailand-Cambodia Clashes Intensify | Cambodia Condemns Thai Aggression at UN, Calls for Ceasefire and International Intervention | Techo Hun Sen Advises Military Strategy Amidst Border Clashes with Thailand | 45 Staff Rescued After Being Trapped at Preah Vihear Temple Amidst Clashes | BREAKING: Cambodia Denies Firing Projectiles into Laos, Accuses Thailand of Disinformation | Cambodia's Tourism Ministry Seeks Aid for Troops, Refugees; Reaffirms Commitment to Peace | BREAKING: Laos Denies Border Clash with Cambodia; Cambodia Rejects Thai Accusations of Shelling Laos | BREAKING NEWS: Andrew MacGregor Marshall Claims Queen Mother Sirikit Has Died, Alleging Concealment by Thai Authorities | TOP NEWS: Trump Claims Diplomatic Role in Cambodia-Thailand Border Conflict, Calls for Ceasefire | TOP NEWS: Cambodian Prime Minister Confirms President Donald Trump Ceasefire Agreement with Thailand | Thai Military of Escalating Attacks, Despite Cambodia Ceasefire Efforts | BREAKING NEWS: Cambodia and Thailand Agree to Malaysian Mediation Amid Escalating Border Clashes | Ministry of Education Announces Postponement of 2025 Baccalaureate Examination | Cambodian Community in Korea Holds Mass Protest Against Thailand’s Invasion | Techo Hun Sen: “In Times of National Crisis, We Have No Right to Rest or Fall Ill” | UN Secretary-General and Cambodian Officials Call for Immediate Ceasefire Amid Border Clashes | Lieutenant General Duong Samnieng Dies Fighting Thai Invaders at Preah Vihear | BREAKING NEWS: Prime Minister Hun Manet to Lead Cambodian Delegation to Kuala Lumpur for Special Meeting on Ceasefire | Secretary Rubio Calls for Immediate De-escalation in Cambodia-Thailand Border Dispute | TOP NEWS: Cambodia and Thailand Agree to Ceasefire After Malaysia-Mediated Talks | Joint Press Release: Special Meeting Hosted by Malaysia to Address Cambodia-Thailand Border Dispute | ASEAN Issues Statement Supporting Ceasefire and Peaceful Resolution in Cambodia-Thailand Border Dispute | BREAKING: U.S. Secretary of State Marco Rubio Welcomes Cambodia-Thailand Ceasefire Declaration | TOP NEWS: President Trump Announces Ceasefire and Peace Agreements with Thailand and Cambodia | Cambodian Prime Minister Hun Manet Reports Successful Ceasefire Negotiation with Thailand, Thanks U.S. Support |
Cambodia Condemns Thai Military Attack on Preah Vihear Temple | Cambodia Confirms Troops Still Holding Mount Trop as Thailand Cannot Raise Flag on Sovereign Territory | Cambodia and Thailand Clashes Enter Third Day as Casualties Rise to 33 | UN Security Council Urges Restraint as Thailand-Cambodia Clashes Intensify | Cambodia Condemns Thai Aggression at UN, Calls for Ceasefire and International Intervention | Techo Hun Sen Advises Military Strategy Amidst Border Clashes with Thailand | 45 Staff Rescued After Being Trapped at Preah Vihear Temple Amidst Clashes | BREAKING: Cambodia Denies Firing Projectiles into Laos, Accuses Thailand of Disinformation | Cambodia's Tourism Ministry Seeks Aid for Troops, Refugees; Reaffirms Commitment to Peace | BREAKING: Laos Denies Border Clash with Cambodia; Cambodia Rejects Thai Accusations of Shelling Laos | BREAKING NEWS: Andrew MacGregor Marshall Claims Queen Mother Sirikit Has Died, Alleging Concealment by Thai Authorities | TOP NEWS: Trump Claims Diplomatic Role in Cambodia-Thailand Border Conflict, Calls for Ceasefire | TOP NEWS: Cambodian Prime Minister Confirms President Donald Trump Ceasefire Agreement with Thailand | Thai Military of Escalating Attacks, Despite Cambodia Ceasefire Efforts | BREAKING NEWS: Cambodia and Thailand Agree to Malaysian Mediation Amid Escalating Border Clashes | Ministry of Education Announces Postponement of 2025 Baccalaureate Examination | Cambodian Community in Korea Holds Mass Protest Against Thailand’s Invasion | Techo Hun Sen: “In Times of National Crisis, We Have No Right to Rest or Fall Ill” | UN Secretary-General and Cambodian Officials Call for Immediate Ceasefire Amid Border Clashes | Lieutenant General Duong Samnieng Dies Fighting Thai Invaders at Preah Vihear | BREAKING NEWS: Prime Minister Hun Manet to Lead Cambodian Delegation to Kuala Lumpur for Special Meeting on Ceasefire | Secretary Rubio Calls for Immediate De-escalation in Cambodia-Thailand Border Dispute | TOP NEWS: Cambodia and Thailand Agree to Ceasefire After Malaysia-Mediated Talks | Joint Press Release: Special Meeting Hosted by Malaysia to Address Cambodia-Thailand Border Dispute | ASEAN Issues Statement Supporting Ceasefire and Peaceful Resolution in Cambodia-Thailand Border Dispute | BREAKING: U.S. Secretary of State Marco Rubio Welcomes Cambodia-Thailand Ceasefire Declaration | TOP NEWS: President Trump Announces Ceasefire and Peace Agreements with Thailand and Cambodia | Cambodian Prime Minister Hun Manet Reports Successful Ceasefire Negotiation with Thailand, Thanks U.S. Support |

NBC: New QR Agreement with China Will Boost the Riel, Not Devalue It

PHNOM PENH: A recent Memorandum of Understanding (MoU) between the National Bank of Cambodia and China's UnionPay has some Cambodians worried that the Chinese Yuan will be widely circulated like the American dollar is currently. They fear this will devalue the Riel as tourists will have less imperative to exchange their foreign currency.

Deputy Governor of the National Bank of Cambodia, Chea Serey, explained that the MoU, which will increase the ease of QR payments for Chinese and Khmer tourists travelling abroad, will not bring the Yuan into use in Cambodia.

She pointed out that most Chinese tourists have bank accounts, which they use in their national currency without using US dollars. The MoU will allow Chinese tourists who come to Cambodia to buy goods using UnionPay QR at Cambodian retailers. To allow this transaction, the buyer’s bank in China will exchange Yuan into Riel before depositing it into the retailer’s account. Therefore, by the time the payment reaches Cambodia, it has already been converted into Riel while back in China, Yuan will be withdrawn from the buyer’s account.

Chea Serey emphasized that electronic payments are convenient for Chinese tourists visiting Cambodia without having to withdraw Yuan at the bank and then physically exchange it for Dollars or Riels.

Cambodian tourists visiting China who shop in China will be able to use the Bakong app for QR payments in China. Cambodian banks will likewise have to convert their payments from Riel to Yuan before they can pay Chinese vendors.

Chea Serey confirmed that Cambodians who do not have a bank account in Riels will not be able to make electronic payments with their phones, however they will still be able to withdraw and spend bank notes as usual.

"This will also encourage Cambodians who do not have a Riel savings to open one so that they benefit from this memorandum, which will ultimately boost local Riel circulation," she said.

She emphasized that the new initiative for transnational payments is meant to promote the Riel, its prestige and its presence via electronic payments on the international stage. She also believes the move will encourage more Chinese tourists to visit Cambodia.



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