Lao kip of the Soviet collapse in 1991 and the persistence of chronic inflation, there are no coins currently in circulation in Laos. In 1979, banknotes were introduced in denominations of 1, 5, 10, 20, 50 and 100 kip. 500 kip notes were added in 1988, followed by 1000 kip in 1992, 2000 and 5000 kip in 1997, 10,000 and 20,000 kip in 2002 and 50,000 kip on January 17, 2006 (although dated 2004). On November 15, 2010 a 100,000 kip banknote was issued to commemorate the 450th anniversary of the founding of the capital, Vientiane, and the 35th anniversary of the
Lawrence Kip Lawrence Kip Lawrence Kip (September 17, 1836 – November 17, 1899) was an American soldier, author, and sportsman who was prominent in New York society during the Gilded Age. Kip was born on September 17, 1836 in Morristown, New Jersey. He was the son of The Right Reverend William Ingraham Kip (1811–1893), and Maria Elizabeth (née Lawrence) Kip (1812–1893). His younger brother was William Ingraham Kip Jr., who married Elizabeth Clementine Kinney, the daughter of the U.S. Ambassador to Italy, William Burnet Kinney. Kip's father was a prominent minister who served at Grace Church before becoming the Episcopal Bishop of