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
Shek Kip Mei renovate it for use as a hostel and museum has been completed. The museum includes restored rooms, resident stories and photos, and documentation of the history of public housing estates. Shek Kip Mei now has several types of housing including the public apartments, Pak Tin Estate and private housing such as Beacon Heights and Dynasty Heights. Several malls and churches can also be found in the area now. The old Shek Kip Mei Factory Estate was renovated and now serves as the Jockey Club Creative Arts Centre. Since 1979 it has been served by Shek Kip Mei Station on the