LAK 20 | Bank Note | Twenty Kip | Kae Kae | CurrencyStackerKK | Laos | Asia
20 Laos Kip
The kip (Lao: ກີບ; 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). The term derives from ກີບ kì:p, a Lao word meaning “ingot”. The piastre was the currency of French Indochina between 1885 and 1952.
Free Lao Kip (1946) – The Free Lao government in Vientiane issued a series of paper money in denominations of 10, 20 and 50 att and 100 kip before the French authorities took control of the region.
Royal Kip (1955) – The kip was reintroduced in 1955, replacing the French Indochinese piastre at par.
Pathet Lao Kip (1976) – The Pathet Lao kip was introduced sometime before 1976 in the areas which were under the control of the Pathet Lao. Banknote denominations of 1, 10, 20, 50, 100, 200 and 500 kip were issued. The notes were printed in China.
Lao PDR Kip (1979) – On 16 December 1979, the former Pathet Lao “Liberation” kip was replaced by the new Lao kip at a rate of
100 to 1.
Royal Kip (1955) – Coins were issued in denominations of 10, 20 and 50 att or cents with French and Lao inscriptions. All were struck in aluminium and had a hole in the centre, like the Chinese cash coins.
Pathet Lao Kip (1976) – Coins were again issued in Laos for the first time in 28 years in 1980 with denominations of 10, 20 and 50 att, with each being struck in aluminium and depicting the state emblem on the obverse and agricultural themes on the reverse. These were followed by commemorative 1, 5, 10, 20 and 50 kip coins issued in 1985 for the 10th anniversary of the establishment of the Lao People’s Democratic Republic.
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