Image credit: BFL
When you are in Laos, Kip (Lao currency) are your best friends. Although US Dollar and Thai Baht are widely accepted in Vientiane, Kip are still the most preferred, especially at small retail stores and eating houses. You will find Lao banknotes in denominations of 500, 1000, 2000, 5000, 10000, 20000, 50000, and 100000 Kips.
There are 2 different ways to stock up your wallet with Kips: withdraw it from ATMs and buy it at banks or forex shops. The latter are the better, as it won’t cost you any transaction fee.
While being in Vientiane, you can rely on the service of banks, especially major banks like BCEL and BFL. The service units of these two banks, which are operated separately from bank branches, are the best places for currency exchange. It is simply because of their good rates and extended opening hours. Some may be surprised to know that BCEL service units are open on weekends.
In this list, we have gathered together the most accessible service units of BCEL and BFL as well as branches of other banks for your convenient use. Also included are the most favorable rate money changers in easily reached locations of Vientiane.
Scroll down for the details.
Image credit: BCEL
Banque Pour Le Commerce Exterieur Lao Public (BCEL) is one of the biggest state-owned banks in Laos. This bank brings convenience to visitors through the currency exchange service offering at its BCEL service units across Vientiane.
What to love about BCEL service units is that their opening hours are very customer-friendly, which last until 19:00 on weekdays and 15:00 on weekends. This also means you can engage money exchange service at any BCEL branch on Saturday and Sunday, the times when there are no transactions at bank counters of most of the banks in town.
Those bring traveler’s checks along can have them exchanged at BCEL kiosks.
For their daily rates, click here.
ACCEPTED CURRENCIES
RECOMMENDED BCEL SERVICE UNITS
1) BCEL Head Office & Service Unit @ Pangkham Street
2) BCEL Morning Market Service Unit
3) BCEL NOUL Service Unit
4) BCEL Lao-Thai Friendship Bridge Service Unit
5) BCEL Chomphet Service Unit
*Opening hours may vary. Call first before visiting.
Image credit: BFL
Banque Franco-Lao (BFL) is a joint venture between BRED Banque Populaire SA of France and BCEL of Laos. The bank is currently run 11 service units in different areas of Vientiane. Among those, the units at Sihom and Nam Phu are open every day from 08:30 to 20:30.
Good news is that BFL service units accept a wide variety of currencies including non-major ones.
RECOMMENDED BFL SERVICE UNITS
1) BFL Headquarter & Service Unit on Lane Xang
2) BFL Service Unit – Sihom
3) BFL Service Unit – Nam Phu
4) BFL Service Unit @ Morning Market
5) BFL Service Unit @ D Mart Shopping Mall
Image credit: Andy Min
The opportunities Talat Sao Morning Market offers are more than just things to see and buy like fruits, vegetables, textile, woodcraft, jewelry and houseware. This famous market has a number of bank branches with competitive rates in its vicinity to serve visitor shoppers.
You can find the headquarters of banks like ANZ, Joint Development Bank, and Lao-Viet Bank on the same road, Lane Xang, which is within walking distance from Talat Sao Morning Market.
Bear in mind that the general operating hours of Vientiane’s banks are from 09:00 to 15:30 from Monday to Friday.
RECOMMENDED BANK BRANCHES
1) ANZ Bank Head Office
2) Joint Development Bank Head Office
3) Lao-Viet Bank Head Office
4) ACLEDA Bank @ Vientiane Branch
5) International Commercial Bank Lao Head Office
Image credit: Paniva Thephithuck
Unlike the way it is in busy cities across Southeast Asia, there are not many independent currency exchange shops in Vientiane. You can find only a few, which mostly choose to settle down near commercial areas like the Morning Market.
Although they are not popular, their rates are quite good. Some of them occasionally offer rates slightly better than the bank service units’ so it is best to make a comparison before exchanging any large amount.
RECOMMENDED MONEY CHANGERS
1) Sihome Currency Exchange
2) CK Money Changer
3) SDV Money Exchange
4) Vienghai Money Exchange Shop
*Opening hours may vary. Call first before visiting.