Lao kip

Lao kip
ເງີນກີບລາວ (Lao)
1000 kip issued in 2003
ISO 4217
CodeLAK (numeric: 418)
before 1980: LAJ
Subunit0.01
Unit
Symbol₭ or ₭N
Denominations
Subunit
1100att
Banknotes
 Freq. used1000, 2000, 5000, 10,000, 20,000, 50,000, 100,000 kip
 Rarely used1, 5, 10, 20, 50, 100, 500 kip
Coins
 Rarely used10, 20, 50 att
Demographics
User(s)Laos Lao People's Democratic Republic
Issuance
Central bankBank of the Lao P.D.R.
 Websitewww.bol.gov.la
Valuation
Inflation25.69%
 SourceBank of the Lao P.D.R, September 2023.
Lao kip
In UnicodeU+20AD KIP SIGN
Currency
CurrencyLao kip
Category

The kip (Lao: ກີບ, romanizedkib; code: LAK; sign: or ₭N; French: kip; officially: ເງີນກີບລາວ, lit. "currency Lao kip") is the currency of Laos since 1955. Historically, one kip was divided into 100 att (ອັດ) which are no longer in regular use. The term derives from ກີບ kì:p, a Lao word meaning "ingot."[1][2]

  1. ^ "Definition of KIP". www.merriam-webster.com.
  2. ^ Inc, Merriam-Webster; Staff, Merriam-webster (June 19, 2004). Merriam-Webster's Collegiate Dictionary: Eleventh Edition. Merriam-Webster. ISBN 9780877798095 – via Google Books. {{cite book}}: |last1= has generic name (help)