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this post was submitted on 10 Mar 2024
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Today I Learned
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There's a few countries that use US currency as the premium currency. Its very bizarre to be halfway around the world and see US dollars, but its a strong and reliable currency in countries where the local currency is too volitile to use.
Yeah, like Cambodia. The ATMs near my hotel spat out dollars, but deep in the city it was local currency. Everyone accepted dollars but they did charge a bit higher if you were a dollar spender if you calculated the local currency conversion on that. From my country it was easier to get dollars too before I flew out, vs Riels which were harder to find and had a pretty bad exchange rate.