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
Lawrence Kip California until his death in 1893. His paternal grandparents were Leonard Kip and Maria (née Ingraham) Kip and his uncle was author Leonard Kip. He was descended from Hendrick Hendricksen Kip, one of the nine original assemblymen serving in New Amsterdam from 1647 under Pieter Stuyvesant, Governor of New Netherlands. His ancestors were the namesake of Kips Bay in Manhattan. His maternal grandparents were merchant banker Isaac Lawrence and Cornelia (née Beach) Lawrence, herself the daughter of a minister of Trinity Church. Kip attended the Churchill Military Academy at Sing Sing, and was appointed Cadet at the United States Military