Currency Information on Lao Kip - LAK — Laos kip - ₭
Introduced in 1952, the Laos kip currency currently features few coins – the ones that do exist are very rarely found in circulation, due to their low value.
The first and only coins were issued, struck in aluminium, featuring holes in the centre, in 1953.
Coins in circulation are in denominations of 10, 20 and 50 att – an att being 1/100th of a kip.
Banknotes are used frequently, and are available in denominations of 500, 1000, 2000, 5000, 10,000, 20,000, 50,000 and 100,000 kip. 1, 5, 10, 20, 50 and 100 kip banknotes are not often used, due their low value and lack of buying power.
We are an international business and work with companies around the world, especially California in the US and Australia. Our providers are based in different countries so we need to be constantly up to date about the current foreign exchange rates. Otherwise, we would be wasting money during the currency transfer process and obviously this is not what a business wants.
Comment written by Victoria Brown Wine Industry.
View more testimonials...