Kip is the currency of Laos. By ISO 4217 it is abbreviated as LAK. One Kip is divided in 100 At. ISO 4217 is an international standard describing three letter codes to define the names of currencies established by the International Organization for Standardization (ISO). ...
In 1979 a currency reform was made, replacing 100 old kip by one new kip. There are no coins currently in circulation in Laos. Kip banknotes come in demominations of 100, 500, 1,000, 5,000, 10,000 and 20,000. The exchange rateas ofApril 2005 was 1 EUR = 13,636 LAK and 1 USD = 10,500 LAK. This page refers to the year 1979. ... The as of technique is a way to deal with statements that date quickly. ... 2005 : January - February - March - April - May - June - July - August - September - October - November - December- → Deaths in April • 26: Augusto Roa Bastos • 24: Ezer Weizman • 23: Sir Joh Bjelke-Petersen • 23: John Mills • 16: Marla Ruzicka • 9: Andrea Dworkin • 6: Prince Rainier III • 5: Dale Messick • 5: Saul Bellow • 2: Pope John...
The LAK's appearance is much closer to the U.S. Dollar rather than other currencies of Southeast Asia The United States dollar is the official currency of the United States. ... Location of Southeast Asia Southeast Asia is a subregion of Asia. ...
Laos is a poor, landlocked country with an inadequate infrastructure and a largely unskilled work force. ... The economy of Asia comprises more than 4 billion people (60% of the world population), living in 46 different states. ...
The royal government issued kip banknotes in denominations of 1, 5, 10, 50, 100 and 500 in 1955, 20, 200 and 1000 in 1963 and new 10, 1000 and 5000 kip in 1974–1975.
The Phat Lao kip was issued in 1976 in denominations of 1, 10, 20, 50, 100, 200 and 500 kip, replacing the royal kip at 1 Phat Lao kip = 20 royal kip.
The highest denomination, 50,000, was introduced on January 17, 2006, and is similar to the 10,000 and 20,000 kip notes.
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