Lao kip

E64418

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