Lao kip

E64418
currency fiat currency

The Lao kip is the official monetary unit of Laos, used for everyday transactions and issued by the Bank of the Lao P.D.R.

Statements (45)

Predicate Object
instanceOf currency →
fiat currency →
centralBank Bank of the Lao P.D.R. →
country Laos →
denominationType banknote →
coin →
frequentlyUsedBanknotes 1000 kip →
10000 kip →
100000 kip →
2000 kip →
20000 kip →
5000 kip →
50000 kip →
hasInflationRisk true →
introduced 1952 →
isDecimalCurrency true →
ISO4217Code LAK →
issuingAuthority Bank of the Lao P.D.R. →
legalTenderIn Laos →
monetaryAuthority Bank of the Lao P.D.R. →
monetaryPolicyManagedBy Bank of the Lao P.D.R. →
officialCurrencyOf Laos →
rarelyUsedBanknotes 500 kip →
rarelyUsedCoins 1 kip →
10 att →
10 kip →
20 att →
5 kip →
50 att →
region Southeast Asia →
replacedCurrency piastre of French Indochina →
surface form: French Indochinese piastre
subunit att →
subunitName att →
subunitToUnitRatio 100 att = 1 kip →
symbol ₭ →
unit kip →
usedFor everyday transactions →
usedForPricing goods →
government fees →
services →
taxes →
wages →
usedIn Laos →
surface form: Lao People’s Democratic Republic
writingSystemOnBanknotes Lao script →
Latin script →

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Laos → currency → Lao kip →
Vientiane → usesCurrency → Lao kip →