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 G. Vanderbilt Handicap. Carrying the high weight of 122 pounds, he turned back a strong early challenge from Richter Scale and won by three lengths from Trafalgar. After the race, Jerkens called Kelly Kip "remarkable", while Samyn described him as "sprint-champion material". In the following month, Kelly Kip finished unplaced behind Affirmed Success in a highly anticipated race for the seven furlong Vosburgh Stakes. Kelly Kip won both of his races as a five-year-old. The more notable of his successes was a second victory in the Bold Ruler Handicap, in which he defeated Artax and broke the track record again,