Lao kip Lao kip The kip (; code: LAK; sign: ₭ or ₭N; ; officially: ເງີນກີບລາວ, lit. "currency Lao kip") is the currency of Laos since 1952. Historically, one kip was divided into 100 "att" (). In 1945–1946, the Free Lao government in Vientiane issued a series of paper money in denominations of 10, 20 and 50 att and 10 kip before the French authorities took control of the region. The kip was reintroduced in 1952, replacing the French Indochinese piastre at par. The kip (also called a "piastre" in French) was sub-divided into 100 att (Lao: ອັດ) or "cents" (French: Centimes).
Kelly Kip had knee problems and was not "the soundest of horses". At Laurel Park Racecourse in July, Kelly Kip was a last minute entry for the De Francis Memorial Dash, the second most valuable sprint of the season. He won from Affirmed Success in a time of 1:08.2, beating the race record set in 1991 by Housebuster. The trainer of the runner up described the winner as "probably the best sprinter in the country right now". In August Kelly Kip was sent to Saratoga to contest the Grade II A Phenomenon Handicap, a race which later became the Grade I Alfred