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Accordingly, the Lao government requires that transactions related to media, tourist guidance, accommodation, and dining in Laos be conducted in the Lao kip and encourages them to be done through the banking system.
The Departments of Information, Culture and Tourism of provinces and cities are tasked with strengthening the management and supervision of tourism businesses regarding the listing, publication of prices, payment, and collection of fees for media services, tour guide services, hotel accommodation, and food and beverage services in Kip. Meanwhile, payments via QR codes, POS machines, and international websites such as Visa, MasterCard, UnionPay, WeChat, and Alipay can facilitate foreign currency transactions. A POS machine is a point-of-sale machine that accepts bank cards for payment of service bills.
The Lao government requires that all transactions related to accommodation and food in Laos be conducted in the use of the Lao kip.
The use of the Kip allows the Lao government to easily manage and regulate the currency market, thereby contributing to economic growth. Furthermore, payments through the banking system enhance transparency and facilitate transaction tracking, thus helping to curb money laundering activities.
When paying through the banking system, tourists will be protected by the bank's regulations and policies, ensuring the safety and transparency of transactions.
Tourist service providers found to be uncooperative, violating the law, or advertising or encouraging foreign tourists to exchange money with illegal entities or use foreign currency in Laos will face temporary or permanent suspension or revocation of their business license and tour guide certificate.
