PHNOM PENH: The Cambodian currency, Khmer Riel (KHR), is now accepted for exchange with other currencies at Travelex money exchange counters in Singapore's Changi Airport.

This is the first time that the Riel has been available for exchange outside of Cambodia.

Travelex, a market-leading foreign exchange brand, has partnered with the National Bank of Cambodia to start trading Cambodia's national currency, the Khmer Riel, at Singapore's Changi Airport, Travel said in a statement early this week.

The move is a result of an effort by the National Bank of Cambodia to promote the use of the Cambodian currency. It is also a sign of the growing international recognition of the Cambodian Riel.

“Khmer Riel is now available at Travelex counters at Changi Airport T2 and T3,” commented H.E Ms. Chea Serey, Governor of the National Bank of Cambodia.

The acceptance of the Riel at Changi Airport is expected to make it easier for travelers to and from Cambodia to exchange their currency. It will also help to promote the use of the Riel among tourists and investors.

This is a significant development for the Cambodian economy, and it is likely to boost the country's tourism and investment sectors.