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
Lawrence Kip California until his death in 1893. His paternal grandparents were Leonard Kip and Maria (née Ingraham) Kip and his uncle was author Leonard Kip. He was descended from Hendrick Hendricksen Kip, one of the nine original assemblymen serving in New Amsterdam from 1647 under Pieter Stuyvesant, Governor of New Netherlands. His ancestors were the namesake of Kips Bay in Manhattan. His maternal grandparents were merchant banker Isaac Lawrence and Cornelia (née Beach) Lawrence, herself the daughter of a minister of Trinity Church. Kip attended the Churchill Military Academy at Sing Sing, and was appointed Cadet at the United States Military