Currency: Lao Kip (LAK) = 100 cents. Notes are in denominations of LAK5000, 2000, 1000, 500 and 100.
Currency Exchange: Thai Baht, Euros and US Dollars are the easiest currencies to exchange. They are also widely accepted in shops, markets and hotels in Vientiane and Luang Prabang.
Credit / Debit Cards and ATMs: Major credit cards are accepted in the more upmarket hotels and restaurants only. There are several ATMs in Vientiane where you can withdraw KIP. Locate ATMs accepting VISA cards here. Locate ATMs accepting MasterCard here.
Traveller's Cheques: Limited acceptance. To avoid additional exchange rate charges, travelers are advised to take traveler's cheques in US Dollars or Thai Baht.
Banking Hours: Mon-Fri 0800-1200 and 1330-1730. Some banks remain open during lunch.
Currency Restrictions: The import and export of local currency is prohibited. There are no restrictions on the import or export of foreign currency, but amounts greater than USD$2000 must be declared.
Exchange Rate Indicators (01/01/2007)
$1.00 = LAK 10,033
€1.00 = LAK 12000
£1.00 = LAK 18,885
For up-to-date exchange rates, please visit e.g. www.oanda.com