KHR

Business, Legal & Accounting Glossary

Definition: KHR


KHR


Full Definition of KHR


KHR is the three-character currency abbreviation for the Cambodian Riel based on the ISO-4217 standard codes. KHR is the official currency of the Kingdom of Cambodia. The National Bank of Cambodia is the government institution that issues the KHR. The KHR divides into smaller units called sen. One hundred sen make one Cambodian Riel. The KHR is considered a very minor currency and is not actively traded in the international currency markets. The value of the KHR is determined by a managed float, meaning that the central bank allows market forces to determine the value of the KHR, within an amount set by the bank. The approximate conversion value (in late 2005) for the KHR in US dollars is KHR 4,000+ to USD 1.


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Definition Sources


Definitions for KHR are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 10th February, 2020 | 0 Views.