Lao Kip (LAK) Profile | Currency Converter

Currency name

Lao kip LAK converter to world currencies »

Currency code

LAK

Currency symbol

₭ or ₭N

Subunit

1/100, att

Coins freq used

Coins rarely used

10 att, 20 att, 50 att (issued but not in circulation)

Banknotes freq used

500 kip, 1000 kip, 2000 kip, 5000 kip, 20000 kip, 20000 kip, 50000 kip, 100000 kip

Banknotes rarely used

1 kip, 5 kip, 10 kip, 20 kip, 50 kip, 100 kip

Central bank

Bank of the Lao P.D.R. (www.bol.gov.la)

Currency users

Laos (Lao People's Democratic Republic)

Currency notes

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Currency user list

Users:

The Lao Kip (LAK) is the official currency of Laos. It is the legal tender used for all transactions within the country.

History:

The Lao Kip was introduced in 1952, replacing the French Indochinese Piastre at a rate of 1 Kip = 100 Piastres, after Laos gained independence from France in 1953.

Throughout its history, the Lao Kip has experienced various denominational changes and redenominations to manage inflation and simplify transactions.

Coins and Banknotes:

The Lao Kip is subdivided into 100 att, although att coins are rarely used due to their low value.

Coins:

Coins currently in circulation are 10, 20, and 50 att, as well as 1, 2, and 5 Kips.

Banknotes:

The most commonly used banknotes are 500, 1000, 2000, 5000, 10,000, 20,000, and 50,000 Kips.

Each banknote typically features important cultural and historical symbols of Laos.