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
Kelly Kip Kelly Kip Kelly Kip is a retired American Thoroughbred racehorse and active stallion. In a five-year racing career which was interrupted on several occasions by sickness and injury, he ran thirty-one times and won fifteen races, most of them over a distance of six furlongs. He never won a Grade I level stakes race and never won a Breeders' Cup race or an Eclipse Award, but he set track records at several major racetracks and was regarded as one of the leading North American sprinters of the late 1990s. His trainer H. Allen Jerkens called Kelly Kip "the fastest horse