The national currency is the KIP (LAK), available only in this country.
1€ = 9.390 LAK or US$1 = 8.260 LAK*
* Calculated on July 4th, 2017
Local storekeepers will always prefer to get Kip than Dollar. It’s easy to exchange money in most of banks or exchange offices (identical exchange rate) in large cities. If you plan to go in the countryside, prepare money before as you will not find ATM. The maximum withdrawal amount is 1 million Kips (US$ 121).
COST OF LIFE
Laos remains an affordable country, regarding daily life. It’s possible to eat from 50,000 Kips to 150,000 Kips (US$6 to US$18) and bring back a multitude of souvenirs for a modest sum.
As in any country in Asia, the golden rule is bargaining within reasonable limits.
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