Glossary: riel

DEFINITION:
The Khmer Republics currency unit, divided into 100 sen. Since October 29, 1971, its exchange rate has been adjusted by the National Bank of Cambodia according to market fluctuations; the initial rate, set on October 29, 1971, was 140 riels to US$1. Past exchange rates have been 35 riels to US$1 (January 1955 to August 1969) and 55.4 riels to US$1 (August 1969 to October 1971, following devaluation).

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