Need to know the money problem in Cambodia
The cost of travelling in Cambodia covers the whole spectrum, from almost free to outrageously expensive, depending on taste and comfort. Penny- pinchers can survive on as little as US$10 per day, while budget travellers with an eye on enjoyment can live it up on US$25 a day. Midrange travellers can turn on the style with US$75 to US$100 a day, staying in smart places, dining well and travelling in comfort. At the top end, flash US$200 a day or more to live a life of luxury.
Accommodation starts from as little as US$2 to US$5 in popular destinations. Spending US$10 to US$20 will add to the amenities, such as air conditioning, satellite TV, fridge and hot water. Stepping up to US$50, you enter the world of three-star standards and charming boutique resorts. Forking out US$100 or more brings a five-star fling. Don’t be afraid to negotiate for a discount if it is low season or traffic is down.
While Cambodian cuisine may not be as well-known as that of its neighbours Thailand and Vietnam, it can certainly compete with the best of them. Snack on the street or chow down in the market, with meals starting at just 1000r or so, or indulge in a banquet for a couple of bucks. Khmer restaurants are a step up in comfort, and a local meal will cost US$1 to US$2. Next are the sophisticated Khmer, Asian and international restaurants. Meals start from about US$3 at the cheaper places, rising to more like US$10 at the smarter ones, and US$50 or more is possible if you go wild with the wine list.
Visitors to Angkor (which is surely everybody coming to Cambodia) will have to factor in the cost of entrance
fees, which are US$37$ for a single-day ticket to the temple, US$62 for a three-day, and US$72 for a seven-day. There was no explanation given for a price hike at the historic site. On the other hand, the government said that US$2 from each ticket sold would be donated to the Kantha Bopha Foundation, a Swiss-run hospital for children which provides free medical treatments.
An additional expense is transport to get to, from and around the ruins; from US$2 for a bicycle, US$6 to US$8 for a moto (small motorcycle with driver), US$10 to US$15 for a remorque (trailer pulled by a bicycle or motorcycle) and US$25 to US$35 for a car.
Small budget, big budget, it doesn’t really matter; Cambodia is the place to be. Soak it up in the style that suits.
There are now credit-card-compatible ATMs (Visa and MasterCard only) in most major cities including Phnom Penh, Siem Reap, Sihanoukville, Battambang and Kompong Cham. There are also ATMs at the Cham Yeam and Poipet borders if arriving from Thailand. Machines dispense US dollars. Large withdrawals of up to US$2000 are possible, providing your account can handle it. Stay alert when using them late at night. ANZ Royal Bank has the most extensive network, including ATMs at petrol stations and popular hotels, restaurants and shops, closely followed by CANADIA Bank. ACLEDA Bank has the widest network of branches in the country, including all provincial capitals, and many have ATMs. However, these are not yet compatible with international credit cards, although rumours are that they will be upgraded soon.
The US dollar remains king in Cambodia. Armed with enough cash, you won’t need to visit a bank at all because it is possible to change small amounts of dollars for riel at hotels, restaurants and markets. Hardened travellers argue that your trip ends up being slightly more expensive if you rely on US dollars rather than riel. But in reality, there’s very little in it. However, it never hurts to support the local currency against the greenback. It is always handy to have about US$10 worth of riel kicking around, as it is good for motos, remorque-motos and markets. Pay for something cheap in US dollars and the change comes in riel. In remote areas of the north and northeast, locals only deal in riel or small dollar denominations.
The only other currency that can be useful is Thai baht, mainly in the west of the country. Prices in towns such as Krong Koh Kong, Poipet and Sisophon are often quoted in baht, and even in Battambang it is as common as the dollar.
There are no banks at any of the land border crossings into Cambodia, meaning credit cards and travellers cheques are effectively useless on arrival, although there will likely be ATMs in Poipet in the near future. In the interests of making life as simple as possible, organise a supply of US dollars before arriving in Cambodia. Cash in other major currencies can be changed at banks or markets in Phnom Penh or Siem Reap. However, most banks tend to offer a miserable rate for any nondollar transaction so it can be better to use moneychangers, which are found in and around every major market.
Western Union and MoneyGram are both represented in Cambodia for fast, if more expensive, money transfers. Western Union is represented by SBC and ACLEDA Bank, and MoneyGram is represented by CANADIA Bank.
Top-end hotels, airline offices and upmarket boutiques and restaurants generally accept most major credit cards (Visa, MasterCard, JCB, sometimes American Express), but they usually pass the charges straight on to the customer, meaning an extra 3% on the bill.
Cash advances on credit cards are available in Phnom Penh, Siem Reap, Sihanoukville, Kampot, Battambang and Kampong Cham. CANADIA Bank and Union Commercial Bank offer free cash advances, but most other banks advertise a minimum charge of US$5.
Several travel agents and hotels in Phnom Penh and Siem Reap arrange cash advances for about 5% commission; this can be particularly useful if you get caught short at the weekend.
ACLEDA Bank now offers travellers cheque encashment at most branches, bringing financial freedom to far-flung provinces like Ratanakiri and Mondulkiri. It is best to have cheques in US dollars, though it is also possible to change euros at ACLEDA Bank and most major currencies at branches of CANADIA Bank. Generally, you pay about 2% commission to change travellers cheques.