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 Deville awards. Kip Deville is now the all-time leading accredited Oklahoma-bred runner. Klodike Kaytie was named broodmare of the year. Kip Deville, who won the 2007 NetJets Breeders' Cup Mile (gr. IT), finished second in the 2008 Breeders' Cup Mile to Goldikova. He captured the 2008 Maker's Mark MIle Stakes (gr. IT) and the Poker Handicap (gr. IIIT). Again, on August 15, 2009, the Oklahoma Thoroughbred Association named Kip Deville as Horse of the Year and best turf runner and older male. On December 10, 2009, Kip Deville was reported to be suffering from laminitis in both front feet and has