Lao money is the Kip which is inconvertible outside Laos. Due to the instability and inflation. You'll find there are too many zeros and too many notes which aren't very pratical for travellers - you'd end up with a fistful and makes carrying large amounts of Kip inconvenient. A friend who lives in Laos said he had a huge suitcase full of Kip when he bought his house! You can use Thai Baht and US Dollars.
Currency Rate:
At the time of writing this (11 August), the actual currency rate is -
AUD $1.00 = 7,481.75 LAK
US $1.00 = 8,235.00 LAK
Thai Baht 1 = 257.880 LAK
Lao Kip (LAK; symbol ₭) = 100 cents. Notes are in denominations of ₭50,000, 20,000, 10,000, 5,000, 2,000, 1,000, 500, 100, 50, 10, 5 and 1. There are no coins.
Important Note:
a) You can't convert your kip back into dollars or baht when leaving Laos
b) You can't use up your kip at the duty-free shops, as they only accept US dollars and Thai baht.
Below are the most commonly used denominations.
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