The Kip comes in banknotes only (no coins are in circulation), with denominations ranging from 500 to 100,000 LAK. The largest note, 100,000 LAK, is worth approximately US$5, so you will often carry a substantial volume of bills for larger purchases.
In practice, many hotels, restaurants, and tour operators in tourist areas accept US Dollars and Thai Baht, particularly for larger transactions. Prices may even be quoted in dollars at some establishments. However, smaller shops, markets, and rural areas deal exclusively in Kip, so keeping local currency on hand is essential.
After a period of currency instability, the Kip has stabilized since mid-2024. Your travel consultant can provide current exchange rate guidance when planning your trip.
