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Laos Money

Laos Money

  The official unit of currency in Laos is the kip (abbreviated as LAK), but the US dollar and the Thai baht are widely accepted. 

Laos Money
 

The official unit of currency in Laos is the kip (abbreviated as LAK), but the US dollar and the Thai baht are widely accepted. The kip coms in denominations of 500, 1000, 2000, 5000, 10,000, 20,000, and the fairly recent 50,000 kip note. Coins are not in use. Financial services in Laos are efficient and easily available, at least in major towns. Travelers rarely encounter troubles in changing money, cashing traveler’s cheques, getting a cash advance on a credit card or using an ATM.

 

The kip is not convertible outside of Laos, so it is best to keep both kip and dollars on hand. And make sure you have spent all the kip or exchanged all the kip left before going out of Laos.

 

Although the US dollar and the Thai baht are the most commonly traded currencies, all other major international currencies are exchangeable in Laos. You should keep in mind that torn and old US dollar notes are not generally accepted in Laos.

 

Credit cards such as MasterCard and Visa are most readily accepted in major hotels, upscale boutiques and restaurants. In all other places, they are grudgingly accepted and a service charge of 3 percent is often added. 

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