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500 Riels

Issuer National Bank of Cambodia
Year 2002-2014
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Value 500 Riels
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Obverse lettering ធនាគារជាតិ នៃ កម្ពុជា ប្រាំរយរៀល អ្នកក្លែងក្រដាសប្រាក់នឹងត្រូវផ្តន្ទាទោសតាមច្បាប់
(Translation: National Bank of Cambodia Five hundred riels Counterfeiters will be punished according to the law)
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Protection description Bayon sculpture watermark visible in the unprinted left margin area
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Comments

P#54 was introduced as Cambodia rebuilt its banking infrastructure in the post-UNTAC period, when the National Bank was still working to establish public confidence in domestic paper currency — a slow process in a country where the riel had been completely abolished by the Khmer Rouge in 1975 and only reintroduced in 1980. The long print run spanning over a decade reflects that cautious, incremental approach to monetary normalization rather than any particular printing demand.

Security provision on this issue is minimal — watermark only, with no security thread or color-shifting ink. For a denomination in active circulation through the 2000s, that's notably light.