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CURRENCY AND EXCHANGE
The local currency is the KIP. Notes come in denominations of 100, 500, 1000,
2000, 5000, 10.000 and 20.000 Kips.
The rate of exchange as per the time of printing is approximately 10,450 Kip to
one US Dollar and 13,340 Kip to one Euro. In Vientiane, notes of most
international currencies can be exchanged either at banks or at licensed
moneychangers. Outside Vientiane, most provincial banks and licensed
moneychangers accept only US Dollars, Thai Bahts and sometimes Euros. Only major
banks accept traveler’s cheques. It is best to carry U.S Dollar bills in small
denominations. Credit cards are accepted only at major hotels and up-market
shops and restaurants in Vientiane and Luang Prabang.
Laos Currency Exchange rate in
Jan,07
Laos
- LAK (lao Kip)
100 LAK = US$0.01
500 LAK= US$0.05
1000 LAK = US$0.10
2000 LAK = US$0.21
5000 LAK = US$0.51
10.000 LAK = US$1.03
20.000 LAK= US$2.06
30.000 LAK = US$3.09
50.000 LAK = US$5.14
100.000 LAK = US$10.29
150.000 LAK = US$15.43
200.000 LAK = US$20.58
300.000 LAK = US$30.87
400.000 LAK = US$41.16
500.000 LAK = US$51.44
1.000.000 LAK = US$102.89
Source:
http://coinmill.com/LAK_USD.html
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