Lao kip establishment of the Lao People's Democratic Republic. Kaysone Phomvihane is pictured on the obverse of the 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000 kip banknotes. The Bank of Laos governor announced on January 25, 2012 that the Bank of Laos would issue 100,000 Kip banknotes as a regular issue on February 1, 2012 (but dated 2011) to encourage Lao people to use the national currency instead of U.S. dollars and Thai baht. 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
Leonard Kip a legal career when news of the mining bonanza at Sutter's Mill excited his curiosity and ambition. He became one of the fabled Forty-Niners, making the long voyage round Cape Horn to California. The rawness of San Francisco intrigued him without pleasing him. He saw it as “running wild after amusement” and seeking wealth in an “unnatural excitement which could not last”. After several months in mining country near Stockton, Kip left California predicting the collapse not only of gold fever but of any significant future the state due to “a climate presenting the most insufferable extremes of heat and