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Currency
Lao Kip (LAK; symbol â‚) = 100 cents. Notes are in denominations of â‚50,000, 20,000, 10,000, 5,000, 2,000, 1,000, 500, 100, 50, 10, 5 and 1. Most transactions are conducted in cash; American Dollars, Thai Baht or Lao Kip (LAK).
Currency Exchange
Thai Baht, US Dollars, Euros and the British Pound 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 in Vientiane and Luang Prabang. Several banks will also offer a cash advance on credit cards for a commission.
Traveller's Cheques
Limited acceptance and often with a hefty commission charge âEuro“ available at most banks in Vientiane. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars or Thai Baht.
Currency Restrictions
The import and export of local currency is prohibited. The import and export of foreign currency is unrestricted, subject to declaration of amounts more than US$2000 on arrival.
Banking Hours
Mon-Fri 0830-1600. Some banks remain open during lunch.
Exchange Rate Indicators
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