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Travel Money

Much of Asia is relatively uncomplicated in this respect, and with bank systems modernising at such a phenomenal rate, it is set to become even easier.

Currencies:

Malaysia (& Malay Borneo) - Malay Ringgit, often abbreviated as ‘$’ (not US $!). Notes come in denominations of 1, 5, 10, 20, 50 and 100 ringgit.
Cambodia – Riel, abbreviated to ‘r’. Notes come in denominations of 100, 200, 500, 1000, 2000, 5000, 10,000, 20,000, 50,000 and 100,000, although the bigger notes are seldom seen.
Laos – Kip, abbreviated to ‘k’ and is available in 50k, 100k, 500k, 1000k, 2000k and 5000k notes.
Thailand – Baht, abbreviated to ‘B’, which is divided into 100 satang. Notes come in B10, B20, B50, B100, B500 and B1000 denominations.
Vietnam - đồng, usually abbreviated as ‘₫’ (occasionally ‘VND’). Notes come in denominations of 200₫, 500₫, 1000₫, 2000₫, 5000₫, 10,000₫, 20,000₫ and 50,000₫.


Will I find cash machines/ATM’s?

Yes you will, and they accept most international card groups (Visa, Cirrus, Maestro, etc). However, they may not accept your local bank’s withdrawal card. Check with your bank if you are unsure.

Malaysia (& Malay Borneo)
- Machines found throughout both states. All pay out in Malay Ringgit.
Cambodia - Minimal number of machines. These are to be found in Siem Reap and Phnom Penh only. The machines often pay out in US $. Laos - Several machines in Vientiane and at present just one in Luang Prabang.
Thailand - Machines to be found throughout the country in all major towns and cities.
Vietnam - Machines to be found throughout the country in all major towns and cities.

I cannot get certain currencies from my bank at home. What should I do?

This will happen. Several of the currencies in question are ‘closed currencies’ which means they cannot be obtained outside the country itself. This is NOT a problem. You will be able to change your money upon arrival. It is advisable to carry some US $ with you, especially if arriving late at night.

Money changers in Luang Namtha, Laos

What currency should I carry?

The US $ is unquestionably the most widely recognised form of international currency used in Asia and you may consider taking a small amount with you in mixed denominations*. Be sure that any notes you take are of a very high quality and undamaged.

*In Malaysia (& Malay Borneo), Thailand and Vietnam this is of less importance as the US $ is not accepted in any shops.

The US $ is so widely in Cambodia and Laos that day-to-day items are often priced in $ and not Riel or Kip. If you do use $ you will receive change in a local currency. This is a useful way of obtaining some as you go along which can be handy for paying for those non-expensive items.

What about travellers’ cheques?

Still widely used and a secure way of carrying money whilst abroad. The availability of ATMs in big cities and many towns has removed some of their necessity but you may well decide to carry a certain amount in traveller’s cheques as a third option.
You get literally bundles of Laos Kip for very few £'s...it makes you feel very rich indeed!

You get litterally bundles of Laos Kip for very few £'s...it makes you feel very rich indeed.

Related links

Money Exchange
Money Exchange
Remember to change back currency before leaving Laos or Cambodia - you will not be able to change it at home.

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