Page 114 - Currency Playbook
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LAO PDR LAK
Kip
Currency import/export restrictions:
Local of foreign currency in/out: must declare amounts of or over LAK100,000,000 or its equivalent.
U.S.dollar and Thai baht circulate extensively.
A BRIEF MONETARY HISTORY
5 May 1955: kip created to replace indochinese piastre. Jun. 1976: 1 Lao liberation kip = 20 old kip
Dec. 1979: 1 new kip = 100 liberation kip
Issuer: “BANK OF LAO PDR.” Current Notes
100,000 KIP (2010) 100,000 KIP
50,000 KIP 20,000 KIP
(2011)
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