The currency used in Laos is called as the Kip. This currency is denoted with the currency sign ? or ?N and the ISO 4217 Code for the Laotian Kip is LAK.
The Kip, is the official currency of the Laos . It is divided into 100 smaller units called att.
The constitution of Laos provides that the Laos government shall have the power to print the Laotian Kip and att coins to be used as a legal tender in Laos.
The Laotian Kip bank notes and Att coins are both designated as "legal tender" in payment of debts.
The Laotian Kip bill uses the decimal system, consisting of 100 equal units.
The symbol ? or ?N
, usually written before the numerical amount, is used for the Laotian Kip.
Currently printed bank notes denominations are 500, 1000, 2000, 5000, 10,000, 20,000, 50,000, 100,000 kip 1, 5, 10, 20, 50, 100 kip
and the coins are minted in the denominations of 10, 20, 50 att.