Tuesday, January 08, 2008

Cambodian National Bank issues 2,000-riel note


PHNOM PENH, Jan. 8 (Xinhua) -- The Cambodian National Bank has issued a new 2,000-riel bank note to refresh currency supplies and simplify cash payments, the Cambodia Daily newspaper said Tuesday.

Roughly equivalent to half a U.S. dollar, the new note depicts an image of the Preah Vihear temple on one side and a woman harvesting rice on the other, the newspaper said.

The notes replace an equal value of tattered 1,000-riel notes that have been taken out of circulation and destroyed, National Bank of Cambodia Deputy Governor Neav Chanthana said.

"The new note is to replace the older ones," Neav Chanthana was quoted as saying.

The 2,000-riel denomination also requires that only half as many bills be printed as are removed from circulation, thereby saving the usage of paper, she added.

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