Information about currency: Kip
| Currency Name | Kip |
|---|---|
| System | 1 Kip=100 Att |
| ISO Code | LAK |
| Description | The kip (Lao: ກີບ; sign: ₭ or ₭N), officially: ເງີນກີບລາວ, has been the currency of Laos since 1955. Historically, one kip was divided into 100 att (ອັດ). The term derives from a Lao word meaning "ingot". The Royal Kip was introduced in 1955 when the Kingdom of Laos gained independence from France, replacing the French Indochinese piastre at par. The kip (also called a piastre in French) was sub-divided into 100 att (Lao: ອັດ) or cents (French: Centimes). The Pathet Lao kip was introduced sometime before 1976 in the areas which were under the control of the Pathet Lao. Banknote denominations of 1, 10, 20, 50, 100, 200 and 500 kip were issued. The notes were printed in China. In 1976, the Pathet Lao kip replaced the Royal Kip throughout Laos following the Pathet Lao's take over of the country - when the country became a republic. The exchange rate between the two kip was 1 Pathet Lao kip = 20 royal kip. On 16 December 1979, the former Pathet Lao “Liberation” kip was replaced by the new Lao kip at a rate of 100 to 1. |
| Name | Royal Kip |
|---|---|
| Period | 1955 - 1976 |
| Description | The kip (Lao: ກີບ; sign: ₭ or ₭N), officially: ເງີນກີບລາວ, has been the currency of Laos since 1955. The Royal Kip was introduced in 1955 when the Kingdom of Laos gained independence from France, replacing the French Indochinese piastre at par. The kip (also called a piastre in French) was sub-divided into 100 att (Lao: ອັດ) or cents (French: Centimes). In 1976, the Pathet Lao kip replaced the Royal Kip throughout Laos following the Pathet Lao's take over of the country - when the country became a republic. The exchange rate between the two kip was 1 Pathet Lao kip = 20 royal kip. |
| Name | Pathet Lao Kip |
|---|---|
| Period | 1976 - 1979 |
| Description | The kip (Lao: ກີບ; sign: ₭ or ₭N), officially: ເງີນກີບລາວ, has been the currency of Laos since 1955. Historically, one kip was divided into 100 att (ອັດ). The term derives from a Lao word meaning "ingot". The Royal Kip was introduced in 1955 when the Kingdom of Laos gained independence from France, replacing the French Indochinese piastre at par. The Pathet Lao kip was introduced sometime before 1976 in the areas which were under the control of the Pathet Lao. Banknote denominations of 1, 10, 20, 50, 100, 200 and 500 kip were issued. In 1976, the Pathet Lao kip replaced the Royal Kip throughout Laos following the Pathet Lao's take over of the country - when the country became a republic. The exchange rate between the two kip was 1 Pathet Lao kip = 20 royal kip. On 16 December 1979, the former Pathet Lao “Liberation” kip was replaced by the new Lao kip at a rate of 100 to 1. |
| Name | New Lao Kip |
|---|---|
| Period | 1979 - present |
| ISO Code | LAK |
| Description | The kip (Lao: ກີບ; sign: ₭ or ₭N), officially: ເງີນກີບລາວ, has been the currency of Laos since 1955. Historically, one kip was divided into 100 att (ອັດ). The Royal Kip was introduced in 1955 when the Kingdom of Laos gained independence from France, replacing the French Indochinese piastre at par. The Pathet Lao kip was introduced sometime before 1976 in the areas which were under the control of the Pathet Lao. In 1976, the Pathet Lao kip replaced the Royal Kip throughout Laos following the Pathet Lao's take over of the country - when the country became a republic. On 16 December 1979, the former Pathet Lao “Liberation” kip was replaced by the new Lao kip at a rate of 100 to 1. Due to inflation, the denomination is no longer subdivided into smaller units. |
| Coin Type | Type | From | To | Sub-types | Coins |
|---|---|---|---|---|---|
| Silver Twenty Grams (20 g) | Non-Circulating Legal Tender | 2013 | 10 | ||
| Silver Tenth-Ounce (1/10 oz) | Non-Circulating Legal Tender | 2017 | 1 | ||
| Gold Half Gram (0.5 g) | Non-Circulating Legal Tender | 2020 | 2 | ||
| Gold Ounce (1 oz), Bullion | Bullion | 2020 | 3 | ||
| Silver Ounce (1 oz), Bullion | Bullion | 2020 | 4 | ||
| Unsorted | Other | 1 |
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