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
Shek Kip Mei renovate it for use as a hostel and museum has been completed. The museum includes restored rooms, resident stories and photos, and documentation of the history of public housing estates. Shek Kip Mei now has several types of housing including the public apartments, Pak Tin Estate and private housing such as Beacon Heights and Dynasty Heights. Several malls and churches can also be found in the area now. The old Shek Kip Mei Factory Estate was renovated and now serves as the Jockey Club Creative Arts Centre. Since 1979 it has been served by Shek Kip Mei Station on the