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).
East Asian Community lead to an East Asia Community. China had also apparently accepted this was the case. If achieved the Comprehensive Economic Partnership for East Asia (CEPEA) would be a tangible first step in the community building process. The Second EAS and Third EAS seems to have increased confidence in CEPEA but is still only a proposal. For the moment currency union, as distinct from the Asian Development Bank proposed Asian Currency Unit, is not even being pursued within ASEAN, much less the broader members of the EAS. The idea of a pan-Asian trading bloc has been proposed given the potential for