Lao kip establishment of the Lao People's Democratic Republic. Kaysone Phomvihane is pictured on the obverse of the 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000 kip banknotes. The Bank of Laos governor announced on January 25, 2012 that the Bank of Laos would issue 100,000 Kip banknotes as a regular issue on February 1, 2012 (but dated 2011) to encourage Lao people to use the national currency instead of U.S. dollars and Thai baht. 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
Kip (unit) it is sometimes called the "kip-force" (symbol kipf or klbf). Note that the symbol kp usually stands for a different unit of force, the "kilopond" or kilogram-force used primarily in Europe prior to the introduction of SI units. The kip is also the name of another unit of measure formerly used in Malaysia equal to approximately 9.19 kilograms, which is now obsolete. Kip (unit) A kip is a US customary unit of force. It equals 1000 pounds-force, used primarily by American architects and engineers to measure engineering loads. Although uncommon, it is occasionally also considered a unit of weight, equal