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Chief of State: King Norodom SIHAMONI 29.10.2004 - present
| Head of Government: Prime Minister HUN SEN 14.1.1985 - present |
Credit Cards/Currency
VISA and JCB are the most widely accepted credit cards; MasterCard and American Express cards are slowly becoming more widely accepted.
ATMs can be found in Phnom Penh, Siem Reap, Battambang, Sihanoukville, and Kampot; both debit card withdrawls (Maestro, Cirrus, Plus, VISA) and
cash advances on credit cards are possible. For the rest of the country it's best to stick to cash or traveller's checks (in US$).
Note that ATMs will dispense US$ in varying denominations. If you receive bills in poor condition (especially $50 or $100) from an ATM attached
directly to a bank try to change it there immediately as it may be difficult to change later.
Please note that ATMs throughout most of Asia only accept a 4-digit PIN. If your PIN is more than 4 digits, best to take
care of that at home before you need cash and find yourself out of luck.
The currency of Cambodia is the riel. With an average inflation rate of four percent, it is advisable to check again before traveling. However,
for tourists, the real currency of Cambodia is the US Dollar.
US dollars are as frequently used as the Cambodian Riel and even Thai Baht is acceptable in many places. However, small transactions are usually
done in Riel.
When shopping lookout for businesses that display the Heritage Friendly Business Logo. Heritage Watch has launched a campaign that aims to
encourage support for Cambodia's arts, culture, heritage and development. Businesses that are giving back to the community are certified as Heritage
Friendly by the independent organization and permitted to display either a gold or silver Heritage Friendly logo. Look for the logo to ensure that you
are supporting socially responsible corporate citizens!
Haggle
You can get away with pretty much haggling anything in Cambodia. Restaurants, outdoor food stalls, even rates for guesthouses. It doesn't even
matter if you lose your temper as myths of "saving face" doesn't really translate to money. However, there are a few guidelines:
Many products, especially those not aimed at tourists, are fixed price, and while it is possible to get a minor discount if you ask, you
cannot get things significantly cheaper than this. Many markets have the prices of goods painted on the walls (in Cambodian).
Try to stick to areas that aren't flooded with tourists may not work. In Cambodia where dining out isn't really common among local people,
restaurants almost cater for foreigners and tend to be a little bit more expensive than neighbouring countries. However in Siem Reap, it is,
sometimes if not always, possible to haggle with street food vendors over the portion of a dish, free side dish, and get 20-30% discount.
US dollar is widely used in Cambodia but no circulation of coins will end up giving you a lot of Cambodian Riels when the price you pay is
not an integer. This gives a chance for shortchanging, which is particularly popular in several grocery stores in Siem Reap. For example, you
give $1 for buying a bottle of water which is $0.6, the staff should return the amount of riels equivalent to $0.4, but they may keep some of
them. The money cheated is usually minimal. Just be smart at mental arithmetic.
Haggle in groups
This is the key. Having two other friends will make it much easier to convince Cambodians to give a discount. One person can play bad cop,
the other good cop.
Ask to speak with the manager/owner (this applies to guesthouse and restaurants). Usually if you try to haggle at a restaurant or guesthouse
the employee will say that the boss needs to be there. If so, then just ask to speak with him or ask the employee to speak with him. You would be
surprised at how easy it is to haggle down once you speak to the boss, many times he doesn't even want to be bothered and will give the discount
to you.
Never pay the asking price for anything near the temples of Angkor. This includes books, souvenirs, paintings, water,
and food. During the offseason, the foodstalls near the temples will have a separate menu, ask for it. You can even bargain on top of that too!
Note that it's much harder to bargain at the foodstalls at Agnkor Wat and especially at the breakfast restaurants across the street from Angkor
Wat.
Try not to haggle too harshly with the moto drivers and tuk tuks that work near where you stay. Most are honest, but they will look after
your safety more if you are seen as a good customer. Some will decide they will get the money from you another way, and could take you to be mugged.
Siem Reap is the easiest place to bargain, Phnom Penh may be a little harder but still worth a shot (worked at a guesthouse in Phnom Penh).
Just remember to be persistent.
ព្រះរាជាណាចក្រកម្ពុជា Cambodian Bank Notes

"Don't take the straight or winding path. Take the path your ancestors have taken."