22/04/2020: COVID-19 Impact
The COVID-19 pandemic caused disruptions in the Cambodian economy, leading to a decline in the value of the Riel.
30/03/2020: SGD in COVID-19 Pandemic
The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.
13/10/2016: Celebrating 50 Years of Currency
Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.
21/07/2003: Currency Interchangeability Agreement with Brunei
The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.
04/01/2001: Riel Redenomination
The Cambodian government redenominated the Riel by removing four zeros, making it easier for transactions.
02/01/2001: Floatation of SGD
Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.
20/03/1995: Dollarization
Cambodia officially adopted a dual currency system, allowing the use of both Riel and the United States Dollar.
20/03/1994: Currency Stabilization
Cambodia implemented a new currency stabilization plan to control hyperinflation and stabilize the Riel.
07/01/1979: Liberation of Cambodia
Vietnamese forces liberated Cambodia from the Khmer Rouge, leading to the reestablishment of the Riel.
17/04/1975: Khmer Rouge Regime
The Khmer Rouge regime took control of Cambodia, resulting in the abolition of currency and economic collapse.
01/03/1973: Pegging to a Basket of Currencies
The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.
12/06/1967: Monetary Agreement with Malaysia
Singapore withdrew from the Malaysian dollar and issued its own currency.
12/06/1965: Independence of Singapore
The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.
11/07/1951: Introduction of the Riel
The Riel was established as the official currency of Cambodia, replacing the French Indochinese Piastre.