- Monetary unit:
- Country code:
- Laotian People's democratic Republic
- of 236 800 sq. km
- Laotian (state), French, etc.
- LA (LAO) 418
The kips are monetary unit of Laos since 1955 Since June, 16th, 1975 in circulation there is a monetary system nominal value - kips of freedom which makes 20 kips manufactured earlier. The kips are unique official currency of the state. Despite it, the Thai baht and US dollars are accepted everywhere.
Symbol - LAK . One kips are equated to 100 atams. In circulation there are denominations of denomination of 500, 1000, 2000, 5000, 10000, 20000, 50000 and 100000 kips, largest of available in circulation in a monetary system of Laos.
The monetary ticket of denomination of 10000 kips has the size 152 x 68 mm. In the center of its face side there is a portrait a Cason Fomvihan which in 1955 has received a post of the secretary general of the Central Committee of a national-revolutionary consignment of Laos. On a background the lock, and on the left side - the State Emblem of Laos is represented. On other party of a denomination the plotting of a rural landscape with road and the bridge is possessed. The note has protection - a watermark in the form of a portrait a Cason Fomvihan. The protective thread is on the right side from the center. Dominating colours - blue, dark blue, black, orange and yellow.
The note in nominal value of 20000 kips has the sizes 152 x 68 mm, in the face side center there is a portrait a Cason Fomvihan. On a background the lock plotting, and on the left side - the State Emblem of Laos is seated. On the back - a wood landscape and a dam. The denomination is protected by a watermark in the form of a portrait of Kejson Fomihan. The protective thread is on the right side from the center. Prevailing colours - red, orange and black.
On November, 15th, 2010 the note of 100000 kips in honour of the 450 anniversary from the date of the basis of capital of Vientiane and the 35 anniversary of creation of Laotian People's democratic Republic has been manufactured. The bank of Laos starts to manufacture the note of 100000 kips, as serial in 2012 (on a denomination there is a 2011), in communication "with encouragement of the Laotian people for native currency use, instead of Thai baht and US dollar".
Kips - unconvertible money which to interchange abroad Laos very difficultly. On kips it is better to acquire something not so expensive, on bahts - averages on a bid price, and also to pay journey on transport within Laos. US dollars are better for using for buying of expensive goods.
It is updated 04.2012