Lao kip Lao kip The kip (; code: LAK; sign: ₭ or ₭N; ; officially: ເງີນກີບລາວ, lit. "currency Lao kip") is the currency of Laos since 1952. Historically, one kip was divided into 100 "att" (). In 1945–1946, the Free Lao government in Vientiane issued a series of paper money in denominations of 10, 20 and 50 att and 10 kip before the French authorities took control of the region. The kip was reintroduced in 1952, replacing the French Indochinese piastre at par. The kip (also called a "piastre" in French) was sub-divided into 100 att (Lao: ອັດ) or "cents" (French: Centimes).
Currency manipulator a currency manipulator is by creating public opinion via for example news media. This comes from mostly political reasons or from lobbying activities for organizations with interest in manufacturing industries. The manufacturing industry is most heavily affected when one of the nation’s important trade countries manipulated their currency. Products from that country will be more competitive than from their own nation, which causes a shift of manufacturing to that foreign country. Therefore, lobbyists of the U.S. manufacturing sector are often “bashing” China as a currency manipulator. Evidence for this proposition can be found in an analysis of Ramirez (2013), who