Lao kip · LAK

₭ symbol · 1 country currently using this currency.

Currency info

Adopted: 1955

Currency family: Other

The Lao kip is one of the world's least valued currencies, with exchange rates typically exceeding 10,000 kip per US dollar.

Introduced in 1955 after Laos gained independence from French Indochina
Replaced the French Indochinese piastre as the official currency
Experienced significant devaluation during the Laotian Civil War and subsequent political changes
Redenominated in 1979 with the introduction of the new kip to combat hyperinflation

Countries currently using this currency

Related

Other Other currencies

Afghan Afghani (AFN)Albanian lek (ALL)Algerian Dinar (DZD)Angolan Kwanza (AOA)Armenian Dram (AMD)Azerbaijani Manat (AZN)Bahraini dinar (BHD)Bangladeshi taka (BDT)Belarusian ruble (BYN)Boliviano (BOB)Botswana pula (BWP)Brazilian Real (BRL)

Historical predecessor

French Indochinese piastre