December 3, 2007

3 currency transactions

Its been fun paying for things in Laos. It is a completely 3 currency system of paying for things, soon to be four with the inclusion of the euro into the mix. Prices are usually listed in the local currency, kip.

I've become a master at converting prices between the three. Roughly speaking, 10,000 kip equals a dollar, and 30 baht equals a dollar. So, of course, 1 Thai baht equals 300 Laos kip.

Have you figured it out yet? Here's your test: suppose you want to buy a kua pak and nam dip for lunch for 12,000 kip and you pay with a 100 baht note. How much change do you get in kip and how much did it cost you in US dollars??

hahaha, welcome to my world...

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