BROWSE

LAK (Lao Kip)

What is 'LAK'

The currency abbreviation or currency symbol for the Lao kip (LAK), the currency of Laos. The kip is made up of 100 att, and is often presented with the symbol (__). The first kip coins minted in 1952 had holes in the center like chinese coins.

Explaining 'LAK'

The kip was first seen in 1952. It replaced the French indochinese currency piastre on a 1-to-1 basis, but the new currency was also denominated in either kip and piastre or kip and riel or dong. Sole kip notes appeared in 1957, but this was replaced by Pathet Lao kip and the Lao PDR kips in 1976 and 1979, respectively.


Further Reading


Can economic policy uncertainty predict exchange rate and its volatility? Evidence from ASEAN countries
bmeb-bi.org [PDF]
… Can Economic Policy Uncertainty Predict Exchange Rate and Its Volatility … 5 Brunei Dollar (BND), Cambodian Riel (KHR), Indonesian Rupiah (IDR), Lao Kip (LAK), Malaysian Ringgit (MYR … Bulletin of Monetary Economics and Banking, Volume 21, Number 2, October 2018 254 …

Trade liberalization, economic reform and poverty reduction in Lao PDRTrade liberalization, economic reform and poverty reduction in Lao PDR
www.tandfonline.com [PDF]
… Can Economic Policy Uncertainty Predict Exchange Rate and Its Volatility … 5 Brunei Dollar (BND), Cambodian Riel (KHR), Indonesian Rupiah (IDR), Lao Kip (LAK), Malaysian Ringgit (MYR … Bulletin of Monetary Economics and Banking, Volume 21, Number 2, October 2018 254 …

Economic Evaluation of Small-Scale Irrigation Ponds in Rural Southern Areas of Lao PDREconomic Evaluation of Small-Scale Irrigation Ponds in Rural Southern Areas of Lao PDR
www.jstage.jst.go.jp [PDF]
… Can Economic Policy Uncertainty Predict Exchange Rate and Its Volatility … 5 Brunei Dollar (BND), Cambodian Riel (KHR), Indonesian Rupiah (IDR), Lao Kip (LAK), Malaysian Ringgit (MYR … Bulletin of Monetary Economics and Banking, Volume 21, Number 2, October 2018 254 …

Analysis of the Status Quo and Development Trend of Financial Reform in LaosAnalysis of the Status Quo and Development Trend of Financial Reform in Laos
www.atlantis-press.com [PDF]
… Can Economic Policy Uncertainty Predict Exchange Rate and Its Volatility … 5 Brunei Dollar (BND), Cambodian Riel (KHR), Indonesian Rupiah (IDR), Lao Kip (LAK), Malaysian Ringgit (MYR … Bulletin of Monetary Economics and Banking, Volume 21, Number 2, October 2018 254 …

Human capital, innovation and entrepreneurship in micro and small businesses in LaosHuman capital, innovation and entrepreneurship in micro and small businesses in Laos
link.springer.com [PDF]
… Can Economic Policy Uncertainty Predict Exchange Rate and Its Volatility … 5 Brunei Dollar (BND), Cambodian Riel (KHR), Indonesian Rupiah (IDR), Lao Kip (LAK), Malaysian Ringgit (MYR … Bulletin of Monetary Economics and Banking, Volume 21, Number 2, October 2018 254 …

Financial returns from collaborative investment models of Eucalyptus agroforestry plantations in Lao PDRFinancial returns from collaborative investment models of Eucalyptus agroforestry plantations in Lao PDR
www.sciencedirect.com [PDF]
… Can Economic Policy Uncertainty Predict Exchange Rate and Its Volatility … 5 Brunei Dollar (BND), Cambodian Riel (KHR), Indonesian Rupiah (IDR), Lao Kip (LAK), Malaysian Ringgit (MYR … Bulletin of Monetary Economics and Banking, Volume 21, Number 2, October 2018 254 …

Hydropower resettlement and livelihood adaptation: The Nam Mang 3 project in LaosHydropower resettlement and livelihood adaptation: The Nam Mang 3 project in Laos
www.sciencedirect.com [PDF]
… Can Economic Policy Uncertainty Predict Exchange Rate and Its Volatility … 5 Brunei Dollar (BND), Cambodian Riel (KHR), Indonesian Rupiah (IDR), Lao Kip (LAK), Malaysian Ringgit (MYR … Bulletin of Monetary Economics and Banking, Volume 21, Number 2, October 2018 254 …

Empirical comparison of extreme value theory vis-à-vis other methods of VaR estimation using ASEAN+ 3 exchange ratesEmpirical comparison of extreme value theory vis-à-vis other methods of VaR estimation using ASEAN+ 3 exchange rates
papers.ssrn.com [PDF]
… Can Economic Policy Uncertainty Predict Exchange Rate and Its Volatility … 5 Brunei Dollar (BND), Cambodian Riel (KHR), Indonesian Rupiah (IDR), Lao Kip (LAK), Malaysian Ringgit (MYR … Bulletin of Monetary Economics and Banking, Volume 21, Number 2, October 2018 254 …



Q&A About LAK (Lao Kip)


What is the currency abbreviation for Lao Kip?

LAK.

What is the currency symbol for Lao Kip?

The currency symbol is .

When was the kip first minted?

1952.

How many kips are there in an att?

One att makes up one kip.

Who replaced French Indochinese Currency on a 1-to-1 basis?

The kip replaced French Indochinese Currency on a 1-to-1 basis, but the new currency was also denominated in either kips and piastres or kips and riel or dong. Sole notes appeared in 1957, but this was replaced by Pathet Lao Kips and the Lao PDR Kips in 1976 and 1979, respectively.