Highlights of Canadian Int'l Air Show. Lao central bank imposes measures to stabilize Lao kip Source: Xinhua Editor: xuxin. Video Player Close. Xi emphasizes "struggles" to achieve national rejuvenation 4th China-Arab States Expo to be held in Yinchuan, China's Ningxia Visually impaired musicians perform for senior citizens at nursing home in China's Tibet Paddy rice harvested at Wuying, China's Guangxi.
Iran says U. Zambian president condemns South Africa xenophobic attacks. In Vientiane and Luang Prabang you can exchange hard currency - including British Pounds - relatively easily at licensed exchange shops, or in the banks.
In other major towns, Thai Baht and US Dollars are also readily accepted in markets, hotels and restaurants. Many smaller hotels will only accept US dollars. It is therefore best to take some US Dollar bills in small denominations and whilst in the rural parts of the country you should have some Kip with you. Kip holds no value outside Laos so keep your exchange receipts in order to exchange any remaining Kip back to a hard currency when you leave the country.
As a general rule always avoid exchanging money at the airport unless you have pre-ordered to secure a favourable rate. One of the most convenient ways to get the best exchange rate is to order in advance and either collect the currency at the providers' outlet or arrange delivery.
You can check the best rates available on price comparison websites such as moneysavingexpert. US Dollars are widely accepted, as is Thai Baht, and these currencies are easily exchanged inside Laos. The most cost-effective currency to spend in Laos is usually Kip, because USD and Baht will generally be calculated with a slight mark up in favor of the seller. That said, larger purchases are often quoted in US Dollars; things like luxury hotel room rates and meals at decent restaurants.
Local expenditure in markets and convenience stores are quoted in Kip. That said, a market trader is usually happy to take Dollars or Baht at an inflated rate. So unless you find a kind person who is traveling to Laos and wants to help you out with an exchange, it's of no value. I've got Kip left over from my last trip sitting in my room, which is fine for me, as I'll probably get around to spending it. But if you are on a holiday and don't plan on going back any time soon, you don't want to be lumbered with a currency that can't be exchanged outside of Laos.
If you're visiting Vientiane or Luang Prabang, you'll be able to change money very easily. Withdrawal fees are also variable, ranging from 10, Kip to 30, Kip per million Kip withdrawn. If your card also charges you a foreign transaction fee, this can get pretty expensive. Sunset over the Meekong River. Everyone must experience this once. Thailand Isaan can be seen on the far bank. If you're in Thailand, it's easy enough to visit a currency exchange and get your Dollars before you travel.
On a side note, you will need to have two passport-sized photographs, and a confirmation of your accommodation to fill out the application.
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