Finance and money forum
US$ vs. local currency
28th August, 2008
Total reviews: 4
another quick question for the assembled brains.
I know that in Cambodia/Laos/Vietnam the US$ will be charged for many transactions.
Do I need to take all the dollars I'll need while I'm there in cash? If I take dollar TCs will I be able to exchange them in banks/booths for dollars or only for local currency?
Presumably ATMs will only dispense local currency?
#1 Posted: 8/12/2008 - 15:49
Prices are often quoted in US dollars just because it's easier than quoting some huge sounding price in the local currency. If the staff at a guesthouse says a room is $10 US, they'll always accept payment in the local currency, too (be sure to know the going exchange rate).
The ATMs I used in Cambodia dispensed US $$, but kip in Laos and dong in Vietnam. Some places will cash traveler's cheques or give credit card advances in US $$, too.
#2 Posted: 8/12/2008 - 23:15
23rd June, 2006
Total reviews: 19
At least 98
In Cambodia, cash TCs for USD with approx 2% commission.
#3 Posted: 9/12/2008 - 08:30
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