200 000 Riels

Cambodia's largest-denomination banknote at time of issue, the 200,000 Riel was introduced in 2024 partly as a practical response to the riel's chronic weakness against the US dollar — a currency so dominant in daily Cambodian commerce that many residents use dollar bills for significant transactions and treat riel as change. Issuing a high-denomination riel note is as much a policy statement about currency preference as it is a logistical one.

The security specification for this series is notably thin: watermark alone, with no thread, color-shifting ink, or microprinting recorded under P#74.