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> Lao Peoples Democratic Republic [Laos]
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Money
Currency: Lao Kip (Kip) = 100 cents. Notes are in denominations of Kip5000, 2000, 1000, 500 and 100.
Currency exchange: Thai Bahts 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: Major credit cards are accepted in the more upmarket hotels and tourist-oriented restaurants. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: Limited acceptance. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Thai Bahts.
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 US$2000 must be declared.
Exchange rate indicators
The following figures are included as a guide to the movements of the Lao Kip against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 11075.50 | 11558.8 | 12018.6 | 12101.1 | | $1.00= | 7600.00 | 7600.00 | 7600.00 | 7600.00 |
Banking hours: Mon-Fri 0800-1200 and 1330-1730.
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