 Currency in Cambodia
On Fri, 17 Sep 2004 13:53:30 -0700, comcast <lilo@normal.com> wrote:
>fjnet wrote:
>> Can anybody who visited Cambodia (especially siem raep, PP and
>> Sihanoukville) tell me what kind of currency is used (Riel, Thai Baht, US$),
>> where to change and if creditcards (Visa) are accepted ?
>>
>> Thanks & regards,
>> FJ
>>
>>
>US$1=3900-4000 Cambodian Riels. The banks where you withdraw your
>money from your credit do not give you good exchange rates. Go market
>places like Psar Thmei (central Market) etc to get a better rate.
>
>Most banks (Canadia, Commercial bank, etc) in PP, SIemreap allow you
>withdraw money from your credit card account for a fee (1-2 for
>100-$500.0, and $6 flat for 500 or more) I think it is very reason
>fee.
It might be reasonable if that were the only fee being charged, but
its not. They shouldn't really be charging anything at all.
The agreement between all Visa and Mastercard issuing banks is that
the card issuing bank is the one to make the charges. The banks in
Cambodia (and a few other places) breach the agreement by charging for
issuing cash. That results in customers being charged twice, once in
Cambodia, and again by their bank at home. They want to have their
cake and eat it as well.
Chris
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