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 at Keeneland Race Course. Though he was not scheduled to race again until early September, when he was sent to Woodbine Racetrack in Toronto, Ontario, Canada, to compete in the Woodbine Mile, a race in which he ran second in 2007. Dutrow decided to try the Poker Handicap. Kip Deville won. He returned to defend his title in the Breeders' Cup Mile at Santa Anita Park in October 2008 and came in second. On August 8, 2008, the Oklahoma Thoroughbred Association named Kip Deville its Horse of the Year for 2007. He also won the Older Male and Turf Runner