Laotian Kip

(redirected from New Kip)

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 ?
The Laotian currency depreciated from 2,600 kips in 1998 to 9,700 "new kips" per dollar, according to a report of the Committee for State Planning.
Similarly, Hall questions whether Loews Cineplex's new Kips Bay multiplex will hurt existing theaters on the East Side.