The kip is the official
currency of Laos. The bank note are presently in denomination of 100,
500, 1000, 2000 and 5000 kip.
All major currencies suck as the US Dollar, France Franc, DM, Yen,
Bath and others can be exchanged at Banks that are located in all
major towns. In Luang Prabang and Vientiane competitive rates are
offered numerous authorized private exchange bureaus. One exchange
facility is available at Wattay airport in Vientiane.
Exchange bureaus and banks will cash traveler cheques in major
currencies. Furthermore, most domestic and foreign bank in Vientiane
allow cash withdrawals on visa credit cards can be used in many
restaurants and hotels, too. In case of journey to remote areas it is,
of cause, advisable to take a good supply of kip with you.
Exchange rate (Dec 2000)
= 8,200 kip = 42.5 baht
1 Baht = 198 kip