Laotian Kip

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Laotian Kip

The currency of Laos. It was issued throughout the whole of Laos in 1976, but it had been in circulation in parts of the country before then. It has suffered from bouts of steep inflation, and is one of the least valuable currencies in the world.
References in periodicals archive ?
A total of 128,640 shares worth about 683 million Lao kip (about 84,000 U.
The Lao government introduced the General Tax Law in January 2012, which allows small and medium enterprises earning less than 400 million Lao kip a year to be assessed under a less administratively burdensome presumptive tax system, which calculates tax liability based on annual turnover and according to standardized tax rates.
During high season it is estimated up to 500 tubes are hired for 55,000 Lao Kip ($6).
The pact, to be signed when Thai Commerce Minister Adisai Bodharamik visits Vientiane in September, would allow for trade payments to be made in Thai baht and Lao kip, leaving out hard-currency transaction that can fluctuate widely.
A total of 223,737 shares worth about 224 million Lao kip (about 28,000 U.
A total of 915 shares worth about 7 million Lao kip (about 900 U.
A total of 52,102 shares worth about 320 million Lao kip (about 40,000 U.