Make Payments in KHR - Cambodian Riel
Pay in Cambodian Riels (KHR)
Mondial Change allows you to make international payments in KHR (Cambodian Riel) with ease. Manage your Cambodian Riel beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not apply exchange commission on your KHR operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in Cambodian Riel (KHR)
It is currently not possible to receive payments in KHR.
Mondial Change Answers All Your Questions About Payments in Cambodian Riels (KHR)
What is the timeframe for a payment in KHR to be credited to the beneficiary's account?
It generally takes a minimum of 2 business days for a Cambodian Riel transfer to be credited to the beneficiary's account. However, these timeframes are not contractual, and our partners responsible for the execution and routing of payments cannot be held liable if KHR payments are credited beyond 2 business days to the beneficiary's account. External events such as processing delays by intermediary banks, public holidays, execution time, or compliance checks can significantly impact the payment receipt timeframes.
What are the fees for a payment in Cambodian Riel (KHR)?
The fees applied to transfers in Cambodian Riel (KHR) generally range from 0 to 10 euros, depending on the agreement with Mondial Change's trading desk. The rate primarily depends on your annual KHR exchange volume and the number of Cambodian Riel payments made during the year.
Are there minimum or maximum amounts for payments in Cambodian Riel (KHR)?
Mondial Change and its partners verify that your Cambodian Riel flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If there are restrictions on transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in Cambodian Riel (KHR)?
For payments in KHR via the SWIFT network, at a minimum, the following information must be provided:
• Full name of the beneficiary
• Full address of the beneficiary
• Local account number
• SWIFT code of the beneficiary's bank
• Reason for payment
Is it possible to modify a payment in Cambodian Riel (KHR) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Cambodian Riel (KHR) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
What are the public holidays when payments in Cambodian Riel (KHR) cannot be executed?
January 1st: New Year's Day (International New Year’s Day)
January 7th: Victory over Genocide Day
Variable date (January/February): Meak Bochea Day
March 8th: International Women's Rights Day
Variable date (April): Khmer New Year – 1st day (Chaul Chnam Thmey)
Variable date (April): Khmer New Year – 2nd day
Variable date (April): Khmer New Year – 3rd day
Variable date (May): Visak Bochea Day (birth, enlightenment, and death of Buddha)
May 1st: Labour Day (International Labour Day)
Variable date (May): Royal Ploughing Ceremony
June 18th: Queen Mother’s Birthday
September 24th: Constitution Day
Variable date (September/October): Pchum Ben Day (Ancestors' Day)
Variable date (October): King Father Memorial Day
October 29th: King’s Coronation Day
November 9th: Independence Day
Variable date (November): Water Festival (Bon Om Touk – 3 days)
December 10th: Human Rights Day
History of the Cambodian Riel
The Riel (KHR) has been the official currency of Cambodia since 1953, following independence from France. It is subdivided into 100 sen and issued by the National Bank of Cambodia. The Riel has experienced several phases of instability, particularly during the conflicts of the 1970s, but remains the reference currency for domestic transactions in Cambodia.
Monetary Policy of the Cambodian Riel
The National Bank of Cambodia is responsible for monetary policy. It aims for price stability, inflation control, and support for economic growth. The Riel operates under a managed floating exchange regime, with targeted interventions to limit volatility. The central bank uses policy rates, reserve requirements, and market operations to ensure liquidity and confidence in the national currency.
Characteristics of the Cambodian Riel
The Riel (KHR) is not freely convertible internationally, but it is widely used domestically for daily transactions. Transfers via SWIFT are possible, facilitating international exchanges. The banknotes feature modern security elements and Cambodian cultural motifs. The banking system is undergoing modernization and is gradually integrating with international standards.