Quote:
Originally Posted by Max80
Good tip, especially now with the clamp down of money changers around the city. Most money changers have shut down now. If you've baht or usd, it's easier to change to kip at those local grocers. Another currency widely accepted here is RMB. Most shops/ktv around Sanjiang area accepts RMB as payment  |
They call it the "outside rate", its about 22,000 kip per usd now. Most medium to large shops will give you 21,000 and pocket the difference but its still better and faster than at the bank (where you even have to fill out a bloody form).
The latest dodge around the closing down on black market exchanges is the locals buy gold with kip, go to Thailand and sell the gold for the baht that they need to run their business, and I believe they even make a bit of money on doing this.