LAK

Lao Kip

LAK is the official currency of Laos. It is issued by the Bank of the Lao PDR and was historically subdivided into 100 att.

The kip has been the sole currency since 1979 but circulates alongside US dollars and Thai baht. There are no coins in circulation—only banknotes up to 100,000 kip. The kip cannot be exchanged outside Laos and has depreciated significantly against major currencies.

Related Terms

USD

United States Dollar

USD is the official currency of the United States and its territories. It's the world's primary rese...

THB

Thai Baht

THB is the official currency of Thailand. It is issued by the Bank of Thailand and is subdivided int...

VND

Vietnamese Đồng

VND is the official currency of Vietnam. It is issued by the State Bank of Vietnam and has no practi...

Bank of the Lao PDR

Bank of the Lao PDR is the central bank of Laos. It sets monetary policy, issues the LAK, and suppor...

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