Hal65 Posted August 31, 2017 Share Posted August 31, 2017 (edited) I'm in Vientiane and a bank said they don't buy kip / sell Thai baht. They only sell kip. Only place I know to exchange kip back to baht is at the border for a bad rate. Is there anywhere else here in Vientiane, or in Thailand (I live in Pattaya) Edited August 31, 2017 by Hal65 Link to comment Share on other sites More sharing options...
Thanyaburi Mac Posted September 1, 2017 Share Posted September 1, 2017 Try another bank! I've changed kip back to baht in Vientiane in the past, don't remember which bank, tho. Mac Link to comment Share on other sites More sharing options...
coconuthead Posted September 1, 2017 Share Posted September 1, 2017 difficult to change kip back into baht in thailand.......I only found one place after much searching, and the rate was so lousy I decided to hang on to it. Link to comment Share on other sites More sharing options...
KamnanT Posted September 1, 2017 Share Posted September 1, 2017 Almost impossible to convert LAK banknotes outside of Laos. Thai commercial banks won't take them and AFAIK even SuperRich (which does exchange other "exotic" currencies like Burmese kyat, and Macau patacas) won't touch them. Keep them for your next trip or donate them to any Italian restaurant in Queens that staples foreign currency notes to the wall behind the cash register. Link to comment Share on other sites More sharing options...
Briggsy Posted September 1, 2017 Share Posted September 1, 2017 In the Morning Market there are money changers who give decent rates. Most vendors will change also. Link to comment Share on other sites More sharing options...
rct99q Posted September 1, 2017 Share Posted September 1, 2017 Plenty of places in Nong Khai at reasonable rates. Porntip Exchange in Thasadet Market offers reasonable rates. Even a few hotels offer the service because of the high volume of shoppers from Laos. Link to comment Share on other sites More sharing options...
Guest Jerry787 Posted September 1, 2017 Share Posted September 1, 2017 in vte lots of money changer. Link to comment Share on other sites More sharing options...
hawker9000 Posted September 1, 2017 Share Posted September 1, 2017 10 hours ago, KamnanT said: Almost impossible to convert LAK banknotes outside of Laos. Thai commercial banks won't take them and AFAIK even SuperRich (which does exchange other "exotic" currencies like Burmese kyat, and Macau patacas) won't touch them. Keep them for your next trip or donate them to any Italian restaurant in Queens that staples foreign currency notes to the wall behind the cash register. Agreed. I think kip aren't actually supposed to be taken out of the country. If you're going to change them, you might be able to find places on the Thai side in the immediate vicinity of the border crossings, but I'd think you're better off finding some place there in Vientiane. The morning market sounds like a good suggestion. I've always tried to buy just the kip I think I'm actually going to use, burn through most of the last of them on my last night, and then leave the "bits and pieces" if any in the donation box at the airport. Link to comment Share on other sites More sharing options...
hgma Posted September 1, 2017 Share Posted September 1, 2017 Take it across the bridge to NongKhai, next to 7/11 @ the border there is an exchange station, reasonable rates. Link to comment Share on other sites More sharing options...
mrwebb8825 Posted September 4, 2017 Share Posted September 4, 2017 Unless you've got like 1,000,000,000 kip then just wallpaper your bathroom with it in Thailand. A friend of mine in the states did that to his bathroom using Mexican Pesos. Looked great with a nice lacquer finish. :) Link to comment Share on other sites More sharing options...
Penefattore Posted September 7, 2017 Share Posted September 7, 2017 dreadful news as I have over 1 billion kip invested in Laos and I am not planning to spend them there anyway try the money changers and other banks , I suggest Phongsavanh Bank, they are famous for trading non convertible currencies , like this old spot shows (kip into dong) Link to comment Share on other sites More sharing options...
theguyfromanotherforum Posted September 7, 2017 Share Posted September 7, 2017 In Thailand foreigners are millionaires, in Laos billionaires. Do Lao women love you more true if you are wealthy by this magnitude? Link to comment Share on other sites More sharing options...
Penefattore Posted September 7, 2017 Share Posted September 7, 2017 1 minute ago, theguyfromanotherforum said: In Thailand foreigners are millionaires, in Laos billionaires. Do Lao women love you more true if you are wealthy by this magnitude? actually on my latest trip to Vientiane I even failed to seduce my guesthouse's cleaner.... she was unaware of my real economic status though Link to comment Share on other sites More sharing options...
theguyfromanotherforum Posted September 7, 2017 Share Posted September 7, 2017 Monthly interest in a Lao bank would be 9 million or over $1000 usd a month. i think I now understand why as no one wants to exchange Lao currency. Is any poster here brave enough and doing it. Link to comment Share on other sites More sharing options...
Penefattore Posted September 7, 2017 Share Posted September 7, 2017 no , now Lao banks have lowered interest on kip term deposits to 7%. That's why I moved money from expired deposits to microfinance institutions , where I can get rates between 13.5% to 17% with monthly payments. On an old deposit at Acleda I am still getting 13.75%. Other money is on BCEL shares that are paying a 12% dividend Link to comment Share on other sites More sharing options...
Penefattore Posted September 7, 2017 Share Posted September 7, 2017 about changing kip back to other currencies , in April 2016 I managed to change a rather good amount visiting various banks in various days , of course banks where I had account and deposits were easier than others. did not try money changers but I guess for small amounts it should not be a problem. Link to comment Share on other sites More sharing options...
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