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
Kip (unit) it is sometimes called the "kip-force" (symbol kipf or klbf). Note that the symbol kp usually stands for a different unit of force, the "kilopond" or kilogram-force used primarily in Europe prior to the introduction of SI units. The kip is also the name of another unit of measure formerly used in Malaysia equal to approximately 9.19 kilograms, which is now obsolete. Kip (unit) A kip is a US customary unit of force. It equals 1000 pounds-force, used primarily by American architects and engineers to measure engineering loads. Although uncommon, it is occasionally also considered a unit of weight, equal